Explorer Article

The oil and gas industry began 2019 hoping to thrive and ended the year mostly happy to survive. Offshore drilling dominated exploration but, despite several significant discoveries, reserve replacement rates remained low. Global geopolitical tensions simmered and sometimes boiled over throughout last year. In oil and gas prices, “Lower-for-Longer” came back to linger. The world saw abundant crude oil production and a surfeit of natural gas.

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

In order to support our modern society in an ever- growing global population, energy supplies must converge to meet that growing demand.

American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

When new technology enters the oil and gas scene, talk of layoffs can creep into water-cooler conversations. Will better software and computers replace people, or will they push the industry forward, creating the need for additional staff? These questions are especially pertinent for geophysicists today, as artificial intelligence and machine learning technologies are processing and interpreting seismic data at record speeds, often delivering results that rival, if not surpass, that of humans. With some software companies calling their platforms a “seismic revolution” by offering real-time data interpretation, geophysicists might question how they will fit into this new, seemingly supersonic world.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

Pity the Permian Basin. Investors complain about disappointing returns from Permian production. Stockholders worry about the financial outlook for operators in the play. Lenders have started to cast a skeptical eye at the basin’s profit potential. So it’s surprising to find that a data-derived solution for addressing the Permian Basin’s current challenges might be readily available. And it’s somewhat startling to hear that, someday, unconventional resource plays in the United States could fly higher than ever.

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American Association of Petroleum Geologists (AAPG)
Middle East Blog

For the first time in the Middle East region, AAPG is hosting a Geosciences Technology Workshop (GTW) dedicated to the Shuaiba Formation. This exciting and innovative event will take place at the Westin Abu Dhabi Golf Resort & Spa on 6–7 April 2020 and will feature a compelling lineup of technical speakers and poster presenters.

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

Producers are feeling the pinch: they’ve got to drill ever more wells to stay ahead of their production declines. Increased production is weighing on crude oil prices – you get the benefit of this supply in resilient markets, but it is shrinking margins and available cashflow to fund this drilling. And at the same time, the financial community is pulling back, restricting access to capital. The industry is reshaping itself yet again in response to new market realities, looking for new ideas and better approaches and operating models.

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American Association of Petroleum Geologists (AAPG)
Explorer Historical Highlights

Most contributions to the exploration community that get attention in articles and conventions concern the essential technical issues: petroleum geology, prospect/play risk analysis and volume expectation, economics, etc. However, once the prospect has been evaluated and the project is validated

American Association of Petroleum Geologists (AAPG)
Explorer Article

As the global energy sector gains momentum and companies enter licensing rounds, the need for quick access to data holds fundamental importance. Increasingly, operators large and small are turning to multiclient companies who have the information and images that help them make decisions about entering a new area.

American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

“Undoubtedly, yes, the world must accelerate its transition to renewable energy. Cost is no longer a major barrier for renewables.” That’s Sir Mark Moody-Stuart, chairman of the United Nations Global Compact Foundation, an organization dedicated to finding what it calls “lasting solutions” to the world’s pressing global needs, including, for our purposes here, energy.

American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

While many see the energy transition as the switch from carbon-based to non- carbon-based fuels, Scott Tinker sees a broader definition. Tinker, past AAPG president, director of the Bureau of Economic Geology and Texas state geologist, suggested the goal of a successful transition is lifting some 2.5 billion people out of poverty by addressing energy poverty, as well as by minimizing environmental impacts.

American Association of Petroleum Geologists (AAPG)

Hot Items

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)
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

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 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)

Headquarters Contacts

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