Initial Production
Categories: Company Management
Your community acting troupe has been practicing a version of Cat On A Hot Tin Roof for months. Now it's time for the premiere. Everyone forgets their lines. Maggie the Cat has a wardrobe malfunction and the guy playing Brick cracks a rib when he trips over his cast. Initial production.
Also, it's a term that comes up in oil production. Specifically, it refers to the amount of oil a newly-started well will kick up on its first day. It usually takes a little time for a well to ramp up, so initial production will often be relatively small compared to the peak production the well will eventually reach.