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"I like wind because it's renewable and it's clean and you know you are not going to be dealing with a production decline curve," Mr. Pickens said.
Decline curve analysis.
Decline curve analysis is one of the reserve estimation methods.
For comparison, both deterministic decline curve analysis and conventional probabilistic analysis are conducted.
Decline curve analysis estimates primary oil recovery for an individual reservoir.
These tasks include volumetric analysis, material balance analysis, and decline curve analysis.
These flow characteristics cannot be addressed by traditional decline curve models.
Decline curve analysis also highlights the impact of pre-existing fractures on production.
Unlike oil, with wind, theres no decline curve, Pickens said Thursday.
Decline curve analyses are usually based on empirical Arps' equations: exponential, hyperbolic and harmonic decline.
Arps decline curve can only be used to analyze production performance in steady flow regimes.
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