Cumulative interest on operational expenses during the lifetime of a well
Input(s)
a: Interest Rate \((\%)\)
L: Operational Expenses ($/day)
\(t\): Operating Time (days)
Output(s)
\(R_{c}\): Cumulative Interest on Operation Expenses during the Lifetime of a Well ($)
Formula(s)
\[
\mathrm{R}_{\mathrm{c}}=\frac{\mathrm{a} \cdot \mathrm{L} \cdot \mathrm{t}^{2}}{2}
\]
Reference(s)
Saydam, T., (1967). Principles of Hydraulic Fracturing, ARI Publishing Co., Page: 86.