Estimate the decline parameters and economic rate of return, Microeconomics

1. The figure below is historical production data from the Kuparuk River field. The OOIP is 5,332,979 Mstb and cumulative recovery through 12/31/2004 is 1,971,200,654 stb.

1673_Estimate the Decline Parameters and Economic Rate of Return.png

A. Estimate the decline parameters, b, qi, and D.

B. If the field economic rate is 25,000 stb/day, determine

                        (i)  the time to reach the economic limit

                        (ii) the ERR

                        (iii) the EUR

                        (iii) the recovery factor at the economic limit.

Posted Date: 3/6/2013 2:02:20 AM | Location : United States







Related Discussions:- Estimate the decline parameters and economic rate of return, Assignment Help, Ask Question on Estimate the decline parameters and economic rate of return, Get Answer, Expert's Help, Estimate the decline parameters and economic rate of return Discussions

Write discussion on Estimate the decline parameters and economic rate of return
Your posts are moderated
Related Questions
1. Refer to the data in the file "asm2Q1.xls" on the annual number of fatalities (FATALS, y ) from gas and dust explosion in coal mines for the years 1915 to 1978 and the number o

using the indifference curve approach explain why the demand curve slope downwards from left to right...... is there any exceptions?

Question: Third degree price discrimination Suppose that a monopolist faces two markets with demand curves given by D(p 1 ) = 100 - p 1 D(p 2 ) = 100 - 2p 2 Assume that


detail of consumer surplus with examples

Perfect competition and monopoly are rarely found in the real world and thus they do not represent, for the most part, the actual market situations. Therefore, the conclusions whic

Problem: "Mauritius offers an interesting case study of successful trade liberalization and export-led development in Sub-Saharan Africa. This is a notable achievement given t

The benefits of increased openness in trade. Narrowly defined, trade openness is lowering trade barriers - facilitating increased imports - whereas focusing on international ex

Isoquants * Assumptions - Food producer has 2 inputs Labor (L) & Capital (K) * Observations:  1) For any level of K, output increases with L.  2) For any

1. Cost minimizing firms must be profit maximizing as well. False, why??