Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Brent Hogenson who wrote (42016)	4/10/1999 10:58:00 PM
From: Douglas V. Fant	Read Replies (1) of 95453

Brent, I'll try to answer your question- depletion does not necessarily mean that production rates will drop-in the short term. You can maintain production rates but deplete a reservoir too fast - for a while. Kind of like overspending your pocketbook until you run out of money..... So depletion just means that the total reserves base is falling. The production rate can stay steady -or even rise a bit- for a while- but when the reserves deplete, then your production rate declines precipitously-to zero....Did that make sense?

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