Explorer Foundation Update

Jim McGhay was still a young geologist when he first realized there was a larger purpose to his career than achieving and maintaining personal success – and that purpose included the AAPG Foundation. That mission – built solidly on starting, growing and supporting educational and scientific activities in the field of geology – continues to define McGhay’s life, albeit now in a new and much more active role: He recently was elected chair of the AAPG Foundation’s Board of Trustees.

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American Association of Petroleum Geologists (AAPG)
Explorer Geophysical Corner

The estimated hydrocarbon reserves around the world, when produced, can keep us going for the next several decades. But scientific records and our own experiences are enough evidence that climate change is indeed happening. Addressing it requires energy extraction from non-fossil fuels. One such resource is the natural heat of the Earth, or geothermal energy.

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)
Explorer Article

One of the more provocative but less publicized initiatives introduced at the recent United Nations Climate Change Conference in Glasgow is an international effort to end oil and gas exploration and production. The Beyond Oil and Gas Alliance, created by Denmark and Costa Rica, officially launched its program at COP26.

American Association of Petroleum Geologists (AAPG)
Explorer Article

Considering that geothermal energy can supply power 24/7 for hundreds of years, it can use existing infrastructure from retired coal and nuclear plants, it is extremely attractive to investors, and that it creates more jobs than wind and solar energy, the question arises: Why does so much of this clean, natural resource remain in the ground? That was the topic of discussion at the “Geothermal 101” Geosciences Technology Workshop, hosted recently by AAPG and Bureau of Economic Geology at the University of Texas at Austin.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

Super-giant oil fields, by definition, are those fields containing at least 5 billion barrels of known recoverable crude oil or gas. It is believed they account for up the 40 percent of the world’s petroleum reserves, so their collective health – how much energy is being created at present, as well as how much can be – will play an oversized role in meeting the world’s future energy needs. “The interest in future oil supply waxes and wanes depending on price and supply, and these days climate takes up all the discussion about energy supply,” said Richard S. Bishop, past AAPG president and currently an international oil and gas consultant based in Houston.

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American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

At a session entitled, “From Petroleum Industry to Energy Industry: Global Young Professionals’ Perspectives on a Sustainable Future,” at the International Meeting for Applied Geoscience and Energy conference recently held in Denver, speakers representing the World Petroleum Council’s Young Professionals Committee attributed their career decisions to the ongoing need for oil and gas, opportunities to help the industry decarbonize and a growing number of geoscience-related fields that are in need of their skillsets to thrive.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

Emphasizing that the oil and gas industry will continue to play an important role in supplying energy to the world for years to come, past AAPG President Charles Sternbach shared what he called “Seven Habits of Highly Effective Energy Geoscientists” at the 20th Michel T. Halbouty Lecture at the International Meeting for Applied Geoscience and Energy conference in Denver recently. “We need to be proud of our profession and we need to be proud of what energy and oil and gas do to bring good things to humanity,” said Sternbach.

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American Association of Petroleum Geologists (AAPG)

Hot Items

Explorer Director’s Corner

Perhaps you did a double take pulling the April issue of EXPLORER from the mailbox. What is this? If you joined AAPG in the last 40 years, you’ve only known EXPLORER in its long-standing tabloid format. It worked well for many years as our advertisers – particularly seismic companies – loved the large format and the ability to display their data on a sweeping canvas. For readers, it was a little more awkward.

American Association of Petroleum Geologists (AAPG)
Explorer Article

A new type of buoyancy model can be used to understand the source of residual oil zones, both thick and thin, to help determine the likelihood that economically viable recoverable oil resides in transition zones of imbibition reservoirs. Application of a buoyancy and breech model will fill a void in reservoir characterization. It will help distinguish between TZs and ROZs, the first of which allows application of primary and secondary (waterflooding) oil recovery methods and the second of which requires more difficult CO2-enhanced oil recovery projects.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

It isn’t news to anyone that prediction is difficult, especially when it’s the future (as a great man once said). Uncertainty and unpredictability are just a part of the job of tracking and predicting the future supply and demand of energy. That being the case, when energy analysts say that the current level of uncertainty is particularly high, it might be easy to dismiss it as a “dog bites man” story. It isn’t.

American Association of Petroleum Geologists (AAPG)
Explorer Historical Highlights

The Casablanca oil field, discovered in 1975 and located on the Mediterranean shelf edge, has been greatly significant in the world’s offshore oil industry activity, besides being by far the biggest oil field in Spain.

American Association of Petroleum Geologists (AAPG)
Explorer Geophysical Corner

Advancements in processing and imaging techniques have continued over the last several decades, which have gradually improved the quality of the processed surface seismic data. When the quality of the existing seismic data is not adequate to perform an interpretation task reasonably, then the interpreter looks for other options. Is it feasible to acquire a new survey? In the absence of an improved survey, will reprocessing of seismic data be a good option?

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American Association of Petroleum Geologists (AAPG)

Headquarters Contacts

Susan Nash
Susan Nash Director, Innovation and Emerging Science and Technology, AAPG +1 405 314 7730