# Econ-Decline Curve/Eur Question-Oil and Gas

Anonymous

Question description

EUR=Estimated Ultimate Recovery for this question

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The following production data is given. The well is assumed to exhibit exponential decline.

 Month Production (bbl) Rate (bopd) Cum (bbl) Jan-2013 2,170 70 2,170 Feb-2013 2,240 80 4,410 Mar-2013 2,294 74 6,704 Apr-2013 1,800 60 8,504 May-2013 1,643 53 10,147 Jun-2013 1,620 54 11,767

a.  Plot the decline curve for this data.

b.  What is the nominal decline rate (1/year)?

c.  If qel = 3 bopd, what are the reserves effective 7/1/13?

d.  If qel = 3 bopd, what is the EUR for this well?

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