production curve

At right is his gas production curve for the United States, published in 1962.

Oil field production curves can be modified by a number of factors:

As with individual wells, the production curves for oil fields vary depending on geology and how they are developed and produced.

Production in all areas and units gradually declined after the early peak, in a typical production curve for an oil field.

While this suggests that the resource will be used up more quickly, in reality, the production curve is much more akin to a bell curve.

Industry observers have pointed to the similarities between the global production curve in mid-2000s and that of the United States in the 1970s.

The slow production curve for bio-neural packs was slowing down assembly of starships throughout the sector.

"Persian Gulf producers would like to see their reservoirs handled with velvet gloves - and that means a longer and flatter production curve."

The shape of production curve of an oil well can also be affected by a number of nongeologic factors:

Hubbert curves predict that the production curves of non-renewing resources approximate a bell curve.

Worse than that, it is something you are only aware of once you are sure you are heading downhill on the production curve with no way up.

Oil depletion occurs in the second half of the production curve of an oil well, oil field, or the average of total world oil production.

The actual U.S. production curve does deviate from Hubbert's 1956 curve in some significant ways:

This phenomenon is now commonly called 'Peak Oil', with peak production curves known as Hubbert Curves.

The theory is named after American geophysicist M. King Hubbert, who created a method of modeling the production curve given an assumed ultimate recovery volume.

Using the curve, Hubbert modeled the rate of petroleum production for several regions, determined by the rate of new oil well discovery, and extrapolated a world production curve.

In a 1976 TV interview Hubbert added that the actions of OPEC might flatten the global production curve but this would only delay the peak for perhaps 10 years.

When oil surpluses created a glut on the market and low prices began causing demand and production curves to rise, regulatory agencies such as the Texas Railroad Commission stepped in to restrain production.

An analysis by the author of the Hirsch report showed that while the shape of the oil production curve can be affected by mitigation efforts, mitigation efforts are also affected by the shape of Hubbert curve.

If te amount of labor is the total labor in the agricultural sector, the intersection of the ridge line Ov with the production curve M at point s renders M perfectly horizontal below Ov.

It even says in Colin Campbell' s study - anyone interested in having a copy can get one from me - that there will be a shortage of raw materials, i.e. oil, in the early years of the 21st century, the reason being that the production curve has passed its peak.