mgibbons19 wrote:Depletion is just taking oil out.
that leads to a decline in production.
bobcousins wrote:Yeah, I've noticed people getting confused about this. If people are using terms wrongly, they should be corrected. Otherwise meanings become increasingly fuzzy until no-one knows what the hell anyone is saying. It is not a matter of personal preference.
Some people don't seem to realise that the Hubbert curve is itself a rate of change. Depletion is the decrease of a reserve. The Hubbert curve is the rate of depletion. Decline refers to a decrease in the rate of depletion. The difference in meaning is significant.
I hope I got that right otherwise I will look real stupid. Hey, I understand it even if I can't explain it.
mididoctors wrote:bobcousins wrote:Yeah, I've noticed people getting confused about this. If people are using terms wrongly, they should be corrected. Otherwise meanings become increasingly fuzzy until no-one knows what the hell anyone is saying. It is not a matter of personal preference.
Some people don't seem to realise that the Hubbert curve is itself a rate of change. Depletion is the decrease of a reserve. The Hubbert curve is the rate of depletion. Decline refers to a decrease in the rate of depletion. The difference in meaning is significant.
I hope I got that right otherwise I will look real stupid. Hey, I understand it even if I can't explain it.
yes people think increased depletion means decreasing production but depletion strictly speaking itself is not a rate so in itself does not tells us directly about decline
if depletion RATES increase then production MUST have gone UP! (or you have reassessed your reserves)
hence increasing depletion rates is = increasing production
Boris
London
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Tanada wrote:I think the real problem is people using the term Depletion and Depleted interchangibly, which they are not. Depletion is a rate, depleted is an ammount based on time and rate of depletion. Once a field is 50% depleted its rate of decline becomes evident, but its depletion rate is usually steady or peaking before peak, then steady and declining after peak.
I know I get sloppy using the terms myself, and I love accurate terminology, but so many sources use the terms interchangibly that it is an easy habit to fall into.
jackal42 wrote:Half Empty or Half Full?
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
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