ProdRate function

Petroleum Economics category - Decline Curve family-Home-Web Site
What the name means"Instantaneous production rate at a certain time"
SyntaxProdRate ( TheDate, Reserves, FromDates, AnnualRates, DeclinePoint, AbandonRate, [DeclineParam] )
Description
Editions
VariableType or ValueDescription
Inputs: (7)
1 TheDate Date A date.
2 Reserves Float Total Reserves.
3 FromDates Range Of Dates A range of dates from which a level, rate or threshold applies
4 AnnualRates Range of Floats (numbers) Either as single AnnualRate or a range of annual rates.
5 DeclinePoint Float The proportion of reserves depleted when the reservoir goes into decline
6 AbandonRate Float Abandonment rate, an amount (eg bbl) per year.
7 DeclineParam Float (Optional) Also know as the parameter 'b': Either 0 or omitted for Exponential Decline, 1 for Harmonic decline, or any other number as the decline exponent in a Hyperbolic Decline (Optional)
Output:
Return Value AnnProdRate Float Annual production rate
Defaults and Values

The variable(s) of this function have certain defaults and/or switch values associated with them. Click here to see more.

Range Handling and Constraints

This function has range inputs that are subject to range handling procedures to help reduce input errors and increase flexibility and speed. Click here to see more.

Examples
There is no example for this component