Econometric Models to Sustain Oil Wells Production

Abstract:

As we have previously stated, this paper is part of a larger research aiming to build up econometric models applicable in oil industry that may be useful for managers working in this industry. This article deals with gravitational motions, and Boussinesq equation was introduced as there are several types of such motions. In his first part, this paper deals with models that describe non-stationary one-dimensional gravitational motion, while in the second part, deals with stationary symmetrical axial gravitational motion. In the end, symmetrical axial gravitational zonal motion is largely addressed. These models will be useful tools for decision makers for an optimal management of oil wells production.

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