The Oil Shock Model was first developed by
Webhubbletelescope and is explained in detail in The Oil
Conundrum. (Note that this free book takes a while to download as it is
over 700 pages long.) The Oil Shock Model with Dispersive Discovery is covered
in the first half of the book. I have
made a few simplifications to the original model in an attempt to make it
easier to understand.
Figure 1
In a previous
post I explained convolution and its use in modelling oil output in the
Bakken/Three Forks and Eagle Ford LTO (light tight oil) fields. Briefly, an average hyperbolic well profile
(monthly oil output) is combined with the number of new wells completed each
month by means of convolution to find a model of LTO output.
