A combined decline-curve and price analysis of US crude oil production, 1968–1976

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Publication date: 1980-04-01
First Published in: Energy Economics
Authors: A.E. Bopp


An approach combining decline-curve and price analysis is used to model US oil production over the period 1968–1976. The decline curve characteristics of US oil production are captured with time series analysis. Regression analysis is then used to adjust the time series estimates to account for price changes. Significant but small price effects are shown to exist in the short run, and policy implications of the analytical findings are explored.

Published in: Energy Economics, Volume 2, Issue 2, April 1980, Pages 111-114
Available from: Science Direct

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