Question: ( 2 5 % ) A well is producing with an exponential decline. The effective decline rate is 2 0 % ? year and the

(25%) A well is producing with an exponential decline. The effective decline rate is 20%? year and the initial production rate is 300 STB/D.
a. Estimmate the production rate at the end of the first year in STB/D.
b. Estimate the production for the first year in barrels.
c. Schedule annual production for the first five years.
d. Assume the final rate of the well is ten STB/D, what is the productive life of the well in years?
e. Estimate the Ultimate Recovery of the well in barrels.
 (25%) A well is producing with an exponential decline. The effective

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