Transient rate decline curve analysis for constant pressure production is presented in this paper for a naturally fractured reservoir. This approach is based on exponential and constant bottom-hole pressure solution. Based on this method, when ln (flow rate) is plotted versus time, two straight lines are obtained which can be used for estimating different parameters of a naturally fractured reservoir. Parameters such as storage capacity ratio (ω), reservoir drainage area (A), reservoir shape factor (CA), fracture permeability (kf), interporosity flow parameter (λ) and the other parameters can be determined by this approach. The equations are based on a model originally presented by Warren and Root and extended by Da Prat et al. and Mavor and Cinco-Ley. The proposed method has been developed to be used for naturally fractured reservoirs with different geometries. This method does not involve the use of any chart and by using the pseudo steady state flow regime, the influence of wellbore storage on the value of the parameters obtained from this technique is negligible. In this technique, all the parameters can be obtained directly while in conventional approaches like type curve matching method, parameters such as ω and λ should be obtained by other methods like build-up test analysis and this is one of the most important advantages of this method that could save time during reservoir analyses. Different simulated and field examples were used for testing the proposed technique. Comparison between the obtained results by this approach and the results of type curve matching method shows a high performance of decline curves in well testing.