Our evaluation process considers the historical production of the well (or wells). Our data base contains historical production data for wells from across the country. Every oil and gas well has a rate of decline that we analyze and extrapolate into the future using oil & gas engineering software. We also analyze the capacity of the reservoir to continue to produce for an extended period.
It is also important to point out that GRP will also give additional value in areas where there is potential for new wells that will add to current production.