Response to Leonardo Maugeri's Decline Rate Assumptions in "Oil: The Next Revolution"

theoildrum.com 10 Jul '12, 8am

Response to Leonardo Maugeri's Decline Rate Assumptions in "Oil: The Next Revolution"

Decline rates and depletion rates The rate of oil production from an oilfield normally rises to a peak or plateau and then declines. The term decline rate refers to the percentage annual reduction in the rate of production (in barrels/day) from an individual field or a group of fields. When measuring the average decline rate for a group of fields, it is important to distinguish between the overall decline rate which refers to all currently producing fields, including those that have yet to pass their peak, and the post-peak decline rate which refers to the subset of fields that are in decline. Some analysts also estimate the natural decline rate, which indicates the rate at which production would decline in the absence of any additional capital investment. When estimating the average decline rate for a group of fields, it is common to weight the decline rate of each field ...

Full article: http://www.theoildrum.com/node/9327

Tweets

@FangornForest1 » 27 Jul '12, 8am
RT @marben100: @FangornForest1 Maugeri debunked: [link] His paper has been out & criticised for several weeks. Silly season in #Torygraph.
@marben100 » 27 Jul '12, 8am
@Thevalueteam Maugeri's paper is flawed & old news: [link]
@marben100 » 27 Jul '12, 8am
@FangornForest1 Maugeri debunked: [link] His paper has been out & criticised for several weeks. Silly season in #Torygraph.
@AlphaVerde » 25 Jul '12, 10pm
'A projection of global oil production in 2020 reduced from 111mb/d to 95mb/d (down 14%) must be considered optimistic' [link]
@mims » 25 Jul '12, 10am
RT @GregorMacdonald: Sorrell and McGlade's response to the Maugeri/Harvard oil report: [link]
@GregorMacdonald » 25 Jul '12, 4am
Sorrell and McGlade's response to the Maugeri/Harvard oil report: [link]
@TTBolton » 18 Jul '12, 9pm
@gmphpu @GeorgeMonbiot There are a number of criticisms of the report Monbiot relied on [link]
@Tedesign » 17 Jul '12, 9am
Shredding Maugeri to pieces [link]
@petrakramer » 11 Jul '12, 3pm
RT @peakoilnl: Rapport dat peakoil onderuit moest halen gebaseerd op aanname van 1,6% afname bestaande productie. IEA en CERA... [link]
@EnergySysNews » 11 Jul '12, 2pm
[oilbarrel] Response to Leonardo Maugeri's Decline Rate Assumptions in "Oil: The Next Revolution": This is a gue... [link]
@nartured » 11 Jul '12, 2pm
Response to Leonardo Maugeri's Decline Rate Assumptions in "Oil: The Next Revolution" [link] #SupplyProduction #Bakken
@Faaz71 » 11 Jul '12, 8am
Assumptions in "Oil: The Next Revolution" appear #inconsistent with the available #evidence.. [link] #oil #production #decline
@TrailblazerBF » 11 Jul '12, 7am
RT @TheOilDrum: Response to Leonardo Maugeri's Decline Rate Assumptions in "Oil: The Next Revolution" [link] #energy
@openib » 11 Jul '12, 2am
Response to Leonardo Maugeri's Decline Rate Assumptions in "Oil: The Next Revolution": This is a guest p... [link] #iSolar
@bigpicturetv » 11 Jul '12, 2am
The Oil Drum: Response to Leonardo Maugeri's Decline Rate Assumptions in "Oil: The Next Revolution": This is a g... [link]
@waynemaceyka » 11 Jul '12, 2am
via @TheOilDrum: Response to Leonardo Maugeri's Decline Rate Assumptions in "Oil: The Next Revolution": This is ... [link]
@TestyMic » 10 Jul '12, 9pm
RT @PCNEnergy: Response to Leonardo Maugeri's Decline Rate Assumptions in "Oil: The Next Revolution" [link]
@azertyworld » 10 Jul '12, 12pm
RT @OIL_MEN: Encore une critique dévastatrice du rapport Maugeri [link] #peakoil là encore, les taux de déclin sont en cause
@GlenisterIan » 10 Jul '12, 10am
@GeorgeMonbiot #oil Perhaps not as bad as you might think:Response to Leonardo Maugeri\'s Decline Rate Assumptions in \ [link]
@OIL_MEN » 10 Jul '12, 9am
Encore une critique dévastatrice du rapport Maugeri [link] #peakoil là encore, les taux de déclin sont en cause
@spbaines » 10 Jul '12, 8am
Remember the "big increase in oil supply" article I tweeted last week? Well, it's getting quite a kicking @theoildrum: [link]
@joabbess » 10 Jul '12, 8am
Peak Oil : @GeorgeMonbiot gets pwned again : [link] Yes folks it's really happening. So is global warming [link]
@bestofscience » 10 Jul '12, 8am
Response to Leonardo Maugeri's decline rate assumptions in "Oil: The Next Revolution": This is a guest post by S... [link]
@Phastidio » 10 Jul '12, 8am
Questo può interessare @CarloStagnaro , e non solo, per il dibattito in materia [link]
@GroenWerkt » 10 Jul '12, 8am
#oildr Response to Leonardo Maugeri's decline rate assumptions in "Oil: The Next Revolution" #mlfeeds: This is a... [link]
@UECTT » 11 Jul '12, 9am
RT @TheOilDrum: Response to Leonardo Maugeri's Decline Rate Assumptions in "Oil: The Next Revolution" [link]
@peakoilnl » 11 Jul '12, 7am
RT @TheOilDrum: Response to Leonardo Maugeri's Decline Rate Assumptions in "Oil: The Next Revolution" [link]
@peterpolder » 11 Jul '12, 7am
RT @TheOilDrum: Response to Leonardo Maugeri's Decline Rate Assumptions in "Oil: The Next Revolution" [link]
@georguensberg » 11 Jul '12, 6am
RT @TheOilDrum: Response to Leonardo Maugeri's Decline Rate Assumptions in "Oil: The Next Revolution" [link]
@ramonvalles23 » 11 Jul '12, 3am
RT @TheOilDrum: Response to Leonardo Maugeri's Decline Rate Assumptions in "Oil: The Next Revolution" [link]
@mzehrhbw » 11 Jul '12, 2am
RT @TheOilDrum: Response to Leonardo Maugeri's Decline Rate Assumptions in "Oil: The Next Revolution" [link]
@A_Siegel » 11 Jul '12, 2am
RT @TheOilDrum: Response to Leonardo Maugeri's Decline Rate Assumptions in "Oil: The Next Revolution" [link]
@SirWB » 11 Jul '12, 2am
RT @TheOilDrum: Response to Leonardo Maugeri's Decline Rate Assumptions in "Oil: The Next Revolution" [link]
@jvogler » 11 Jul '12, 2am
Response to Leonardo Maugeri's Decline Rate Assumptions in "Oil: The Next Revolution": This is a guest post by S... [link]
@cfroyalty » 11 Jul '12, 2am
Response to Leonardo Maugeri's Decline Rate Assumptions in "Oil: The Next Revolution": This... [link] [link]
@TheOilDrum » 11 Jul '12, 2am
Response to Leonardo Maugeri's Decline Rate Assumptions in "Oil: The Next Revolution" [link]
@fixfrankenstein » 11 Jul '12, 2am
via @TheOilDrum: Response to Leonardo Maugeri's Decline Rate Assumptions in "Oil: The Next Revolution": This is ... [link]
@PCNEnergy » 10 Jul '12, 9pm
Response to Leonardo Maugeri's Decline Rate Assumptions in "Oil: The Next Revolution" [link]
@pcorwint » 10 Jul '12, 9pm
Response to Leonardo Maugeri's Decline Rate Assumptions in "Oil: The Next Revolution" [link]
@itanksknowledge » 10 Jul '12, 7pm
Response to Leonardo Maugeri's Decline Rate Assumptions in "Oil: The Next Revolution" [link]
@Cimation » 10 Jul '12, 8am
Response to Leonardo Maugeri's decline rate assumptions in "Oil: The Next Revolution" [link]