The well produced 1040 barrels during the first 24 hours, then using the rate of production which occurred in the following 12 hours they extrapulate a bopd number from it, in this case 740.
So in effect the well in its second day of production would only have produced 740 barrels. Which is a decline of 300 barrels in a single day.
Which means production is dropping like a stone.
I Expect the well to be doing under 500 bopd by the end of day 7.
LOTM
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