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Type curves are generated by analyzing production data and solving fluid flow equations for specific reservoir models. Engineers match observed well performance to these curves to infer reservoir properties and predict future production.
The most common decline models include exponential, hyperbolic and harmonic declines. Each reflects different reservoir behaviors and helps tailor forecasts to specific well conditions.
Type curves provide critical insights into future cash flows from oil and gas assets. They support investment decisions, asset valuation and risk assessment by forecasting production and revenue potential.
Type curves are used by reservoir engineers, financial analysts and energy consultants to evaluate well performance, estimate reserves and guide capital allocation in upstream oil and gas projects.
