effective decline rate

effective decline rate

[ə¦fek·tiv də′klīn ‚rāt]
(petroleum engineering)
The drop in oil or gas production rate over a period of time; equal to unity (1 month or 1 year) divided by the production rate at the beginning of the period.
References in periodicals archive ?
One commentator recently suggested that actually, if taken from cradle to grave, the effective decline rate for overdrafts is closer to 80% than 20%.
Full browser ?