Rate-based
Reserves
INPUTS
Directions:
The initial daily production volume, and the
abandonment daily production volume, should use
the same units. Using a percentage yearly decline
rate, the program computes the remaining reserve
in similar units and the remaining well life in years.
Initial daily
production rate =
Abandonment daily production rate =
%Decline rate =
RESULTS
Remaining reserve =
(same units)
Remaining life in years =