on the international aspects and potential of AAPG's annual APPEX Prospect
and Property Expos, held on both sides of the Atlantic Ocean, was prepared
by Jeff Lund, APPEX Advisory Committee chair.
This column is devoted to international items of note to the AAPG.
News items, press releases and other information should be submitted
to the EXPLORER/International Bulletin Board, P.O. Box 979, Tulsa, Okla.
74101; telephone – 918-560-2616; fax – 918-560-2684; or e-mail – firstname.lastname@example.org.
Bulletin Board Archives
-- Get Smart, Buy, Sell Your Deals
Sept. 14-16 the fourth APPEX Prospect
and Property Expo to be held in Houston will be convened by AAPG,
SIPES and HGS. APPEX-Houston follows the highly successful APPEX-London
held last March and described by Steve Veal in this column in the May
events twice a year, on each side of the Atlantic, is unique and is
a key strategic feature aimed at fulfilling the APPEX Mission, which
U.S. and international market places for the exchange of oil and gas
prospects and producing properties, which are driven by geoscience fundamentals
as well as business opportunity."
I believe a
trend we will see -- and should encourage -- is an increase in the non-U.S.
content of APPEX-Houston. Non-U.S. companies, including vendors of E&P
services, E&P operators and even an occasional national oil company,
are a small but growing component of APPEX-Houston.
A key phenomenon
to keep in mind is the dynamic of management decision-making in E&P;
management decisions on many "international deals" are made in Houston
offices, even if the company has a European office or consultant!
blossoming of opportunity in the UK North Sea is a good case in point.
entrepreneurial prospect generators are springing up in the United Kingdom
and elsewhere in Europe. Many Houston-based E&P operators already
have entered the North Sea arena and would certainly welcome the opportunity
to review deals at Brown Convention Center, sparing the need for a trans-Atlantic
be European-based E&P companies interested in reviewing U.S. prospects
in London? Mexican food is harder to find, but the pubs are great for
I believe the
increasing globalization of our industry will naturally lead to a dramatic
synergy between the two APPEX events. I salute the companies who already
have seen this opportunity -- Challenger Minerals and Carrizo Oil and
Gas come to mind -- and have pioneered showing North Sea opportunities
Those of us
involved in organizing APPEX in either city encourage you to think about
the possibilities -- and tell us how we can help!