Live Long and Prospect
Planning to attend APPEX? It's time to get serious.
The third annual AAPG
Prospect and Property Expo, "Live Long and Prospect," will be
held Sept. 9-11 at the George R. Brown Convention Center in Houston.
Co-conveners are SIPES, the Houston Geological Society and PLS.
This year's Houston APPEX, like the previous two
events, will offer a convenient, extensive prospect and property
showroom that is designed by geologists, for geologists.
Those deals, ideas, plays and properties will be
on display at the time of year when most buyers are developing their
budgets for the coming season.
Organizers are hoping to attract 3,000 attendees
and 400 booths.
APPEX begins on Tuesday, Sept. 9, with a special
one-day forum on "Perspectives on the Upstream Business of Oil and
Gas." The forum, sponsored by IHS Energy, will address key trends,
business issues, strategic alliances and future directions in two
critical E&P areas
Tuesday's activities also include a short course
on "Risk and Asset Development," led by Gary Citron.
The prospect and property expo will be opened from
9 a.m. to 6 p.m. Wednesday, Sept. 10, and from 8 a.m. to 3 p.m.
Thursday, Sept. 11. A reception will be held for all attendees in
the expo hall on Wednesday at 4 p.m.
To register (pre-registration deadline is Aug. 12),
or for more information, go online at www.aapg.org/meetings/appex;
or contact Michelle Mayfield Gentzen, firstname.lastname@example.org.
Although APPEX is designed to bring together
prospect generators and potential buyers, it is fundamentally about
the business of exploration and production -- and that's why the
conference's exploration focus is being expanded this year.
A special forum, "Perspectives on the Upstream Business
of Oil and Gas," will be offered Sept. 9 at the George R. Brown
Convention Center in Houston as the unofficial kick-off to the three-day
IHS Energy is sponsoring the forum, which will include
a reception following the presentations.
The forum is an outgrowth of a Petroleum Industry
Perspective briefing that IHS has conducted annually in Houston
and London, and was introduced at last winter's London APPEX.
Officials figured that what was good for London will
be good for Houston, too.
"At the London meeting in February, IHS officials,
who provided an overview of trends and activity in a specific region,
were paired with high-level industry executives who discussed their
perspective on the region," said Deborah Sacrey, co-chair of the
upcoming Houston APPEX.
"The forum was extremely successful, and we felt
that the same type of forum focusing on regions important for U.S.
companies would be a worthwhile addition for the Houston APPEX,"
"The opportunity to learn what is going on around
the world, where the major discoveries have occurred and what are
the future trends in exploration and production is a valuable addition
to the conference," she added.
"IHS brings tremendous insight and analysis of trends
in virtually all of the significant oil and gas basins in the world,"
co-chair Paul Hoffman said, "and our goal here was to couple the
perspective that they bring with observations, commentary and discussion
from key industry executives in many of these various basins around
"This will be a very worthwhile day."
A Closer Look
The forum will address key trends, business issues,
strategic challenges and future directions in two critical exploration
and production arenas -- international exploration and production,
with a focus on deepwater developments and North American natural
gas, according to Pete Stark, IHS' vice president of industry relations.
Chaired by Sacrey and Hoffman, the program features
seven sessions. Morning talks will key on international exploration
and production outlooks, including a comparison of major deepwater
developments. Afternoon talks will focus on North American natural
IHS officials will outline the trends, outlook and
major issues expected to impact industry directions for each region
through the balance of this decade. The industry executives for
each session will give their insights and strategies to deal with
Following each regional presentation will be a 20-minute
discussion period, which organizers hope will stimulate ideas.
"Going forward, the industry faces some challenging
issues and paradoxes," Stark said. "For instance, if you look at
worldwide oil supplies, we see more oil coming into the market over
the next five years than the market demand growth can easily absorb.
So, we anticipate a period of chronic oversupplies and waning worldwide
exploration discoveries, while oil demand is expected to grow.
"We want to get this issue on the table," he continued.
"Associated market volatility and bias toward low oil prices could
further strain operators' ability to finance projects and influence
industry's directions for the balance of this decade."
Another paradox organizers plan to address is North
American natural gas.
"Additional drilling alone in key mature gas producing
provinces -- like the Gulf of Mexico and western Canada -- no longer
appears to be adequate to meet demand forecasts," Stark said, "and
at the same time U.S. energy policies essentially inhibit and restrict
access to new prospective areas for exploration.
With the forum, Stark hopes to spark a "dialogue"
to help clarify an understanding of the issues, and to generate
ideas for addressing the problems.
"This is not a simple set of issues that we are facing,"
he said, "and it is critical that all facets of the industry and
government work to find solutions.
"This forum, and APPEX in general, is an opportunity
for AAPG to focus on the business aspects of the petroleum industry
versus the geo-technical focus of the annual meeting," he added.