Explorer Article
By David Brown
When the International Petroleum Technology Conference comes to Saudi Arabia in February, the technical program will include a significant look at both unconventional oil and gas and conventional tight oil in the Middle East. Those are two different concepts in the region and the distinctions are important. The Middle East holds a large conventional tight oil resource, now emerging as a serious focus for development. With so much recent attention devoted to unconventional resources, conventional tight oil could be considered an overlooked sibling.
American Association of Petroleum Geologists (AAPG)
Added on 01 February, 2022
Explorer Article
By Barry Friedman
So what motivates a man, an entrepreneur and a geologist, who in the past eight years has secured corporate funding to the tune of $300 million for three start-up oil and gas companies, but has also seen and lived through the other end of that spectrum when he was, literally, making minimum wage? Better still, how does the man himself explain it? “I’d say the short answer is, ‘the love of a new adventure.’” That’s Donald G. Burdick, CEO of Olifant Energy, who said, perhaps surprisingly, the adventure did not come out of boredom or burnout. First at Marathon, through Samson, Vintage and QEP, and most recently at Cimarex, Laredo and Panther Energy II, he said there was always something else out there calling him.
American Association of Petroleum Geologists (AAPG)
Added on 01 February, 2022
Explorer Article
By Robert Shoup
I recently had the opportunity to spend several months with a number of college students. I was shocked to learn that many of them did not understand the principal of supply and demand. The law of supply and demand is immutable. Because oil is a global commodity, it is subject to the law of supply and demand.
American Association of Petroleum Geologists (AAPG)
Added on 01 February, 2022
Explorer Article
By David Brown
Worldwide oil and gas exploration results took a major hit from reduced investment and the ongoing COVID pandemic last year. Cautious industry spending and overall selectivity over prospects likely reduced discoveries to their lowest annual level in 75 years. Here’s the recommendation from one industry analyst for 2022’s global exploration and supply outlook: Stay chill for now.
American Association of Petroleum Geologists (AAPG)
Added on 01 February, 2022
Explorer Article
By Emily Llinás
The cloud forests in Western Colombia’s Andes Mountains are home to a diverse group of indigenous communities including the U´wa people. Community traditions prohibit members from using energy from non-renewable sources, so most lack access to electricity. Without computers and the internet, U’wa children’s education lags behind that of other Colombians. The story changed for one U´wa village when a group of geology students and AAPG Chapter members decided to reach out.
American Association of Petroleum Geologists (AAPG)
Added on 01 February, 2022
Explorer Article
By Heather Saucier
In the IEA’s “Net Zero by 2050” report, which outlines a comprehensive pathway for a global transition to zero emissions by mid-century, the agency states that much of the technology needed to make a timely transition has not yet been developed. Emerging technologies, such as improved battery storage, low-carbon hydrogen production and carbon capture utilization and storage, show “encouraging” progress, but the world significantly lags behind in power generation and end-use sectors, specifically industry, buildings and transport.
American Association of Petroleum Geologists (AAPG)
Added on 01 February, 2022
Explorer Article
By Ken Milam
Thanks to continuing advances in reservoir characterization, technology and innovative thinking, many oil fields around the globe have “grown larger” in recent decades. John Sneider, president of Sneider Exploration Inc., documented examples of mature field growth 20 years ago and recently revisited the topic to focus on mature giant fields. This updated analysis is detailed in chapter 4 of the new AAPG Memoir 125: “Giant Fields of the Decade: 2010 – 2020.”
American Association of Petroleum Geologists (AAPG)
Added on 01 January, 2022
Explorer Division Column DPA
By Don Burdick
There is no denying there are massive changes happening around the world today, seemingly as a reaction to the emergence of the COVID/Wuhan virus. However, while the virus might be a catalyst of change, other factors are in play too. Many leaders around the world seem to share in the sentiment expressed by the founder and executive chairman of the World Economic Forum, Klaus Schwab, who recently wrote, “The changes we have already seen in response to COVID-19 prove that a reset of our economic and social foundations is possible,” in the interest of promoting the WEF’s proposed “Great Reset” of the global economy.
American Association of Petroleum Geologists (AAPG)
Added on 01 January, 2022
Explorer Director’s Corner
By David Curtiss
Last month Houston hosted the 23rd World Petroleum Congress with more than 5,000 attendees from 70 countries. After a one-year postponement due to the global pandemic, energy leaders from across the globe gathered to discuss the future of energy. And the tone of the discussion was sobering. Following on the heels of November’s COP26 meeting in Glasgow, there was recognition that political and societal pressures are shifting the energy sector and the industries in it. But there was widespread concern that the expectations underlying these pressures for change were unrealistic. That those pushing hardest for change lacked a fundamental understanding of what transforming the global energy sector truly entailed, what it would look like when it was complete and the dangers looming from getting it wrong.
American Association of Petroleum Geologists (AAPG)
Added on 01 January, 2022
Explorer Foundation Update
By Vern Stefanic
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.
American Association of Petroleum Geologists (AAPG)
Added on 01 January, 2022