Hubbert Curve

Hubbert Curve
A statistical theory of oil production that states that the rate of extraction from a particular region follows a bell shaped curve. Initially, while there are minimum drilling operations the rate of production is limited. However, as infrastructure increases and larger portion of land are explored, resource production approaches peak production. Eventually, as the oil becomes depleted, extraction rates begin to slow down. The Hubbert curve characterizes the life cycle of a drilling operation.

The predictions presented by the Hubbert Curve satisfy statistical constraints and are intuitively comprehensive. Technological improvements or estimated proven reserve changes realized during the production process can alter the shape of the curve.


Investment dictionary. . 2012.

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  • Hubbert curve — The Hubbert curve projects the rate of oil production over time, and is the main component of Hubbert peak theory. It was first proposed by geophysicist M. King Hubbert in the mid 1950s during his tenure at the Shell Oil Company. [cite journal |… …   Wikipedia

  • Hubbert peak theory — Hubbert peak redirects here. For the episode of The West Wing, see The Hubbert Peak. M. King Hubbert s original 1956 prediction of world petroleum production rates …   Wikipedia

  • Hubbert Linearization — The Hubbert Linearization is a way to plot production data in order to estimate two important parameters of a Hubbert curve; the logistic growth rate and the quantity of the resource that will be ultimately recovered. The Hubbert curve is the… …   Wikipedia

  • Hubbert Peak Theory — Similar to the predictions of the Hubbert Curve, the Hubbert Peak Theory implies that maximum production from an oil reserve will occur towards the middle of the reserve life cycle. The theory suggests the production rate from a region follows a… …   Investment dictionary

  • Hubbert's peak — /hʌbəts ˈpik/ (say hubuhts peek) noun the point in a bell shaped curve where petroleum production reaches its maximum output and then begins to decline, being a constant for any particular region worldwide. {from the theory proposed by MK Hubbert …  

  • M. King Hubbert — Born Marion King Hubbert October 5, 1903 San Saba, Texas, U.S. Died October 11, 1989(1989 10 11) (aged 86) Nationality American Occupation …   Wikipedia

  • Courbe de Hubbert — Pic de Hubbert Courbe en cloche de la production, telle que suggérée par M. King Hubbert en 1956 Le géophysicien Marion King Hubbert suggéra dans les années 1940 que la courbe de production d une matière première donnée, et en particulier du… …   Wikipédia en Français

  • Pic Hubbert — Pic de Hubbert Courbe en cloche de la production, telle que suggérée par M. King Hubbert en 1956 Le géophysicien Marion King Hubbert suggéra dans les années 1940 que la courbe de production d une matière première donnée, et en particulier du… …   Wikipédia en Français

  • Pic de hubbert — Courbe en cloche de la production, telle que suggérée par M. King Hubbert en 1956 Le géophysicien Marion King Hubbert suggéra dans les années 1940 que la courbe de production d une matière première donnée, et en particulier du pétrole, suivait… …   Wikipédia en Français

  • Oil depletion — per major producing country. This model assumes world oil depletion remains constant at the 2004 level of 80 million barrels per day.[1] However, world oil depletion is currently (as of 2008) at 85 million barrels per day …   Wikipedia

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