The Material Balance Equation is a crucial tool utilized in reservoir studies to evaluate fluids and rock properties at static pressures. The Flowing and Dynamic Material Balance methods offer a significant advantage by avoiding the requirement to shut down wells, as they use flowing pressure instead of static pressure under constant or variable flow rates. The concept of "Dynamic Material Balance" involves converting the bottom hole flowing pressure at any point at any given time to the average reservoir pressure at that point. This allows for the use of classical material balance calculations and the development of classical material balance plots. In this study, the Dynamic Material Balance and Agrawal Type Curve techniques were used to estimate average reservoir pressures, initial hydrocarbon in place, and ultimate oil recovery for a well in the Mishrif reservoir, the main reservoir in the Buzurgan oil field. Many wells in this field experience problems such as high-pressure decline or continuous water production, necessitating ongoing evaluation. While the Dynamic Material Balance method focuses on boundary-dominated flow data, the Agrawal-type curve technique analyzes data from both transient and boundary flow periods. Agarwal decline curves were constructed using relationships of pseudo pressure normalized production, material balance pseudo time, and dimensionless variables in well-test analysis. The results from both methods showed comparable results with an absolute percentage error of (0.738) %, (3.07) %, and 5.7% for oil-in-place, drainage area, and average reservoir pressure, respectively. This strong correlation between the Dynamic Material Balance and Type Curve results indicates their accuracy and reliability.