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Business and Economics

Explorer Historical Highlights

John S. Wold was a man of such prolific industry and accomplishment that his life story reads less like a narrative and more like a series of escalating and expanding accomplishments in one field after another. Along with being a successful petroleum geologist and mineral resource producer, this award-winning AAPG Member was also an accomplished inventor, scientist, academic, entrepreneur, rancher, philanthropist and public servant. He had the distinction of being the first professional geologist in the U.S. Congress – and a petroleum geologist at that.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

When the International Petroleum Technology Conference comes to Saudi Arabia in February, the technical program will include a significant look at both unconventional oil and gas and conventional tight oil in the Middle East. Those are two different concepts in the region and the distinctions are important. The Middle East holds a large conventional tight oil resource, now emerging as a serious focus for development. With so much recent attention devoted to unconventional resources, conventional tight oil could be considered an overlooked sibling.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

Worldwide oil and gas exploration results took a major hit from reduced investment and the ongoing COVID pandemic last year. Cautious industry spending and overall selectivity over prospects likely reduced discoveries to their lowest annual level in 75 years. Here’s the recommendation from one industry analyst for 2022’s global exploration and supply outlook: Stay chill for now.

American Association of Petroleum Geologists (AAPG)
Explorer Article

In the IEA’s “Net Zero by 2050” report, which outlines a comprehensive pathway for a global transition to zero emissions by mid-century, the agency states that much of the technology needed to make a timely transition has not yet been developed. Emerging technologies, such as improved battery storage, low-carbon hydrogen production and carbon capture utilization and storage, show “encouraging” progress, but the world significantly lags behind in power generation and end-use sectors, specifically industry, buildings and transport.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

Thanks to continuing advances in reservoir characterization, technology and innovative thinking, many oil fields around the globe have “grown larger” in recent decades. John Sneider, president of Sneider Exploration Inc., documented examples of mature field growth 20 years ago and recently revisited the topic to focus on mature giant fields. This updated analysis is detailed in chapter 4 of the new AAPG Memoir 125: “Giant Fields of the Decade: 2010 – 2020.”

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American Association of Petroleum Geologists (AAPG)
Explorer Division Column DPA

There is no denying there are massive changes happening around the world today, seemingly as a reaction to the emergence of the COVID/Wuhan virus. However, while the virus might be a catalyst of change, other factors are in play too. Many leaders around the world seem to share in the sentiment expressed by the founder and executive chairman of the World Economic Forum, Klaus Schwab, who recently wrote, “The changes we have already seen in response to COVID-19 prove that a reset of our economic and social foundations is possible,” in the interest of promoting the WEF’s proposed “Great Reset” of the global economy.

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American Association of Petroleum Geologists (AAPG)
Explorer Director’s Corner

Last month Houston hosted the 23rd World Petroleum Congress with more than 5,000 attendees from 70 countries. After a one-year postponement due to the global pandemic, energy leaders from across the globe gathered to discuss the future of energy. And the tone of the discussion was sobering. Following on the heels of November’s COP26 meeting in Glasgow, there was recognition that political and societal pressures are shifting the energy sector and the industries in it. But there was widespread concern that the expectations underlying these pressures for change were unrealistic. That those pushing hardest for change lacked a fundamental understanding of what transforming the global energy sector truly entailed, what it would look like when it was complete and the dangers looming from getting it wrong.

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American Association of Petroleum Geologists (AAPG)
Explorer Historical Highlights

Before unconventional resources became prevalent in the global petroleum supply, deepwater exploration and development was a significant focus for many larger companies. For deepwater activities to succeed, the petroleum industry was forced to merge its above-ground concerns with the below-ground geoscience and engineering disciplines.

American Association of Petroleum Geologists (AAPG)
Explorer Article

Producers finally got some relief in 2021. Oil and gas prices recovered from their pandemic lows and remained at high levels through most of the year, as increased production could not keep pace with a global demand recovery. It was a year when higher prices helped energy producers strengthen their balance sheets and improve their bottom lines.

American Association of Petroleum Geologists (AAPG)
Explorer Article

While the COVID-19 pandemic ground the world to a halt in 2020, crisis led to creativity and opportunity in many parts of the world. For four geoscientists in Colombia, the pandemic became the perfect time to serve their country and their profession. In May 2020, two weeks after oil prices dropped below zero, Colombia’s Ministry of Science, Technology and Innovation launched a bidding contest allocating nearly $3 million to finance geoscience research projects for the hydrocarbon sector.

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American Association of Petroleum Geologists (AAPG)
Workshop
Tulsa, Oklahoma
Tuesday, 18 February Wednesday, 19 February 2025, 7:00 a.m.–5:00 p.m.

Join us for AAPG Orphan, Abandoned, Idle and Marginal Wells Conference 2025. This workshop will focus on orphan, abandoned, idle, and marginal wells and the business opportunities and technology associated with plugging and repurposing wells, reducing methane emissions, protecting water supplies, and extending the lives of marginal wells.

American Association of Petroleum Geologists (AAPG)
Field Seminar
Houston, Texas
Saturday, 1 February 2025, 8:30 a.m.–1:00 p.m.

Everyone in Houston lives within a few miles of a bayou. Some people think of them as permanent, but the bayous are constantly changing, especially during high water events like Hurricane Harvey. This trip is a 2.5 mile walk down a section of Buffalo Bayou where we will look at the archives of past storms and discuss what to do for future storms.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Thursday, 10 September 2020, 3:00 p.m.–4:00 p.m.

Economic oil and gas fields have been increasingly found in deep-water continental margins for the past decade, where potential prospects record the key tectonic events associated with plate breakup and continental drift. In these regions, the exploitation of economic resources must take into account sustainable practices and environmental concerns of local populations. This talk will present case studies from multiple continental margins to then extrapolate major findings to basins in SE Asia.

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American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Tuesday, 14 April 2020, 4:00 p.m.–6:00 p.m.

The Upper Jurassic (Oxfordian) Smackover Formation is one of the most prolific oil and gas producers in the northeastern Gulf of Mexico coastal plain, where it deposited in a proximal carbonate ramp. This study is a comprehensive characterization of the depositional environment of the Smackover based on 3D seismic and well data from wells in the Vocation and Appleton oil fields located in the Conecuh and Manila Sub-basins in southwest Alabama.

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American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 19 March 2015, 2:00 p.m.–3:00 p.m.

A detailed biostratigraphic analysis and stratigraphic framework of the Paleocene and Eocene Chicontepec Formation in the Tampico-Misantla basin, onshore eastern Mexico, was conducted using 33 wells.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Monday, 15 June 2020, 12:00 p.m.–1:00 p.m.

Ray Leonard will be talking to us about 'Climate Change, Covid-19 and the Effect on Energy’s Future'. Fossil fuels have led to a profound increase in world living standards but resulting emissions of CO2 and methane into the atmosphere are a primary factor in climate change. The impact of the Covid-19 pandemic of 2020 has resulted in a significant decrease in world economic activity, which in turn has led to a major, if temporary, decrease in greenhouse gas emissions, particularly CO2. Join Ray Leonard via Zoom on June 15 at 12:00 GMT+1

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American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 9 February 2012, 12:00 a.m.–12:00 a.m.

Projects in several shales will be discussed, including Marcellus, Eagle Ford, Haynesville, Fayetteville, Montney, and Barnett, as will several seismically-detectable drivers for success including lithofacies, stress, pre-existing fractures, and pore pressure.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Wednesday, 5 March 2014, 12:00 a.m.–12:00 a.m.

Explore three of the great wonders of the geological world. Take a guided tour of classic geological sites on the Colorado Plateau.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 8 December 2011, 12:00 a.m.–12:00 a.m.

This e-symposium focuses on methods for predicting connectivity within clastic fluvial systems.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 26 September 2013, 12:00 a.m.–12:00 a.m.

The presentation will discuss key reservoir information and how to develop a predictive pressure model.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 9 December 2010, 12:00 a.m.–12:00 a.m.

The Mississippian-Devonian Bakken Petroleum System of the Williston Basin is characterized by low-porosity and permeability reservoirs, organic-rich source rocks, and regional hydrocarbon charge.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 21 May 2009, 12:00 a.m.–12:00 a.m.

This e-symposium introduces you to the practical benefits of thermal profiling for a variety of unconventional oil and gas projects, including tight gas sands, oil shale, low-gravity oil.

American Association of Petroleum Geologists (AAPG)
DL Abstract

Climate change is not only happening in the atmosphere but also in the anthroposphere; in some ways the former could drive or exacerbate the latter, with extreme weather excursions and extreme excursions from societal norms occurring all over the earth. Accomplishing geoscience for a common goal – whether that is for successful business activities, resource assessment for public planning, mitigating the impacts of geological hazards, or for the sheer love of furthering knowledge and understanding – can and should be done by a workforce that is equitably developed and supported. Difficulty arises when the value of institutional programs to increase equity and diversity is not realized.

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Request a visit from Sherilyn Williams-Stroud!

American Association of Petroleum Geologists (AAPG)
DL Abstract

The Energy sector is a changing business environment. Throughout the 20th century fluctuations of oil supply and demand produced changes in the barrel price that pushed the growth or shrinkage of the industry. In this 21st century, new challenges such as diversification of the energy mix, boosting gas demand, require the exploration of critical minerals and development of new technologies as well.

Request a visit from Fernanda Raggio!

American Association of Petroleum Geologists (AAPG)

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