Total Production of Many Oil Wells
Initializing live version
Requires a Wolfram Notebook System
Interact on desktop, mobile and cloud with the free Wolfram Player or other Wolfram Language products.
Suppose oil wells are discovered that have various sizes, start times, and durations, where all three quantities are normally distributed. What does the production of all the wells taken together look like over time?
Contributed by: George Beck (March 2011)
Open content licensed under CC BY-NC-SA
See the Wikipedia entry for Hubbert peak theory,and energybulletin.org.