Can anyone tell me about production and decline curve of the Prue? Any info would be great.
Well, if you look at the production logs on the Texas RR Comm Site, you get a pretty good idea of what happens with production. Seems like many of the wells are most productive when first drilled and then by the end of the first year, production is 50% of what it was in the first month. After that, the decline may be in increments of 50% per year for each following year. So a well that started off producing 100 bpd in year 1 by year 3 may be down to 25 bpd. Some of it of course depends on the field and how tightly the formation is packed too...
Thank you sir!