1. Nodal analysis involves splitting the reservoir/well system into segments where pressure losses occur, such as the reservoir, wellbore, tubing, and annulus.
2. Pressure losses occur in 4 segments: the reservoir, wellbore, tubing, and annulus.
3. Key terms include: inflow performance curve (plots flow rate vs reservoir pressure), outflow performance curve (plots flow rate vs wellhead pressure), system graph (combines inflow and outflow curves), and solution node (where inflow and outflow curves intersect, indicating the well's flow rate).