An ocean of ink has already been spilled on pros and cons of using Hubbert curves to model production from a large collection of wells in one or many reservoirs. In 2010, I published together with my last graduate student in Berkeley, Dr. Greg Croft, a highly cited paper on this subject. I have also commented multiple times in this blog on the different aspects of the Hubbert curve analysis, its limitations, and predictive power. Since I cannot out-talk or out-convince the numerous critics of this type of analysis, let me give you a simple example of its robustness. This particular story is as follows. At the end of the year 2010, Greg Fenves, at that time Dean of UT’s Cockrell School of Engineering in Austin, asked me to make a presentation to the School’s Engineering Advisory Board (EAB). Using the results of our recent paper with Greg Croft, […]