Systems and methods of predictive decline modeling for a well

One or more tangible non-transitory computer-readable storage media storing computer-executable instructions for performing a computer process on a computing system, the computer process comprising:

• generating a static model based on an input data set including historical production data corresponding to one or more wells;
• generating a decline model based on the historical production data and dynamic well data;
• and
• generating a predicted well production profile for a target well by:
• calculating, using the static model and one or more well features of the target well, a predicted initial resource production rate for the target well;
• calculating, using the decline model and the predicted initial resource production rate, a first final resource production rate for the target well at a first time interval;
• and
• calculating, using the decline model and the first final resource production rate at the first time interval, a second final resource production rate at a second time interval subsequent to the first time interval.