Peak GIF

“Peak GIF, an event based on M. King Hubbert’s theory, is the point in time when the maximum rate of extraction of loops is reached, after which it is expected to enter terminal decline. Peak GIF theory is based on the observed rise, peak, fall, and depletion of aggregate production rate in GIF fields over time. It is often confused with GIF depletion; however, peak GIF is the point of maximum production, while depletion refers to a period of falling reserves and supply.”

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