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The Petroleum Economics is designed for New Energy Professionals. The course consist of lecture and exercises to assist the new industry energy professionals with understanding the principles of petroleum economics; including the value of money, quantifying financials risks in petroleum investments, rates of return, forecasting cash flows and the fundamentals of capital budgeting.

American Association of Petroleum Geologists (AAPG)
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AAPG’s Energy Minerals Division is excited to present a strong and informative technical program at the 2016 AAPG Annual Convention and Exhibition in Calgary, Canada. EMD has an intriguing program this year, covering a variety of unconventional energy topics of current interest to both EMD and AAPG members.

American Association of Petroleum Geologists (AAPG)
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Have you made plans to attend ACE this year? AAPG’s 2016 Annual Convention and Exhibition (ACE) is a dedicated opportunity for our members and other professionals to get together.

American Association of Petroleum Geologists (AAPG)
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The often-volatile outcome of exploration investment decisions is tightly linked to the level of uncertainty in the geological interpretation and associated value assessment. In order to evaluate subsurface opportunities, information is needed.

American Association of Petroleum Geologists (AAPG)
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The AAPG-AAPG Foundation Distinguished Lecture program, the Association's flagship initiative for sharing the latest in scientific thought, concepts and advances, starts its new season in November with a lecture tour of North America.

American Association of Petroleum Geologists (AAPG)
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The search for unconventional hydrocarbons is not new. It’s true that almost 100 years separated the early exploration successes in the synclinal valleys of Central Pennsylvania, to the exploitation of Coal-Bed Methane in a number of basins in the U.S. and Canada in the 1980’s. Since the 1980's, however, a quiet revolution began which by today has seen several waves of unconventional resources being pursued with economic success. Coal-bed methane was followed by the search for Center-Basin Gas, Shale Gas and most recently, Liquid-rich Shales (some of which aren't shales).

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The past 30+ years have witnessed a wide variety of exploration strategies and a number of technological “revolutions” in the search for oil and gas. Although the exploration landscape and tools of the trade are so different than they were in the early 1980’s, in one aspect we appear to have come full circle, realizing that a deep understanding of our basins is the critical element in any success.
American Association of Petroleum Geologists (AAPG)
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Cognitive bias, in its many manifestations, is the major cause of geotechnical overestimation and faulty probability forecasts in petroleum geoscience. The five most prevalent cognitive biases in petroleum E&P are: Confirmation Bias; Overconfidence; False Analogs; Anchoring; and Motivational Bias. They are caused by premature selection of theory, personal hubris, lack of perspective, lack of imagination, laziness, and excessive self-interest.

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The chief geologist for a Canadian regulatory agency says the group is working to assess potential risks by better understanding the full geologic framework in the development of oil sands and heavy oil in the province of Alberta.
American Association of Petroleum Geologists (AAPG)
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