Initial Production Rate or I.P.

he early production of an oil or gas well, recorded after the recovery of oil or other fluids used to fracture and stimulate the target formation have been completed, which is used as a potential indicator of the maximum ability of a well to produce upon completion, without subsequent reservoir damage; provided, however, that, historically, the actual sustained production of oil or gas realized from a well is usually less, on an ongoing basis, than Initial Production; and, provided, further, that there can be no assurance that the actual production to be realized from a well on an ongoing basis following the conclusion of all completion activities with respect thereto will be equal to approximate Initial Production.

« Back to Glossary Index