Actual Production History

Actual Production History (APH) is a method used in the oil and gas industry to estimate how much oil or gas a well has produced over its lifetime. By reviewing past production data, operators can predict future output and help determine the well's current value. It provides a real-world record of performance instead of relying solely on initial expectations or models. This information is crucial for making investment decisions, assessing reserve estimates, and planning future operations. Essentially, APH offers a historical snapshot that helps stakeholders understand a well’s productivity and potential.