RI 2148 A Mathematical Method Of Constructing Average Oil Well Production Curves

"This paper is the outcome of thorough investigation into the value of the previous methods used for deriving production decline curves. It is highly important that methods be employed that are fundamentally sound and also practicably applicable. Six methods commonly used were studied. Some of these were found to be fundamentally in error; some save reliable curves but involved much work and time in the preparation; others gave reliable curves with less time and effort.It was found that of the methods previously employed the ""family curve"" method described in Bull. 134 Amer. Inst. Feb. 1918, pp. 499-500 by Lewis and Beal, was probably the most satisfactory. The now method given in this paper ploys the same principles as the ""family curve"" method, but is mathematical instead of graphical,The engineer and the oil man should carefully boar in mind both the use and the limitations of the average production curve such as is derived by the ""family curve"" method or other methods mentioned. Estimations of future productions or of underground oil reserves of a particular tract or well should be made from the production records of the tract or the well itself wherever such records are satisfactory. The use of the average curve of a district or field should be applied only to those properties or wells where there are not sufficient data to construct individual or tract production records, or where the productive life so short that a satisfactory individual record can not be obtained."