Use this method, Exponential decline model, to solve ( in petroleum economics) The production of the oil well decline exponentially, the initial flow rate is 1500 STB/day, the production rate of this...

Use this method, Exponential decline model, to solve ( in petroleum economics)

The production of the oil well decline exponentially, the initial flow rate is 1500 STB/day, the production rate of this well become 120 STB/day in the fourth year, find the production rate after 25 months from the beginning, find yearly production and production rate for this well for the next 4 years?