YoungPros-Related Articles

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.

Added on 01 February, 2022

Explorer Article By David Brown

Don’t Panic Just Yet Over Exploration Downturn

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.

Added on 01 February, 2022

Explorer Article By Emily Llinás

Bringing ‘Friendly Energy’ to the U’Wa People of Colombia

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.

Added on 01 February, 2022

Explorer Article By Heather Saucier

Net Zero by 2050? Where’s the Tech?

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.

Added on 01 February, 2022

Explorer Article By Ken Milam

How to Grow Big Fields into Giants

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.”

Added on 01 January, 2022

Explorer Foundation Update By Vern Stefanic

McGhay Takes the Reins as Foundation Trustees Chair

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.

Added on 01 January, 2022

Explorer Geophysical Corner By Kenneth Bredesen,Kurt Marfurt,Ritesh Sharma,Satinder Chopra,Thang Ha

Unsupervised Machine Learning for Characterizing a Geothermal Sandstone Reservoir

The estimated hydrocarbon reserves around the world, when produced, can keep us going for the next several decades. But scientific records and our own experiences are enough evidence that climate change is indeed happening. Addressing it requires energy extraction from non-fossil fuels. One such resource is the natural heat of the Earth, or geothermal energy.

Added on 01 January, 2022

Explorer Article By David Brown

2021 Marked by Oil Price Recovery, Industry Transformation

Producers finally got some relief in 2021. Oil and gas prices recovered from their pandemic lows and remained at high levels through most of the year, as increased production could not keep pace with a global demand recovery. It was a year when higher prices helped energy producers strengthen their balance sheets and improve their bottom lines.

Added on 01 January, 2022

Explorer Article By Emily Llinás

A Source-to-Sink Project Boosts Colombia’s Subsurface Knowledge

While the COVID-19 pandemic ground the world to a halt in 2020, crisis led to creativity and opportunity in many parts of the world. For four geoscientists in Colombia, the pandemic became the perfect time to serve their country and their profession. In May 2020, two weeks after oil prices dropped below zero, Colombia’s Ministry of Science, Technology and Innovation launched a bidding contest allocating nearly $3 million to finance geoscience research projects for the hydrocarbon sector.

Added on 01 January, 2022

Explorer Article By David Brown

‘Beyond Oil and Gas Alliance’ Launches at COP26

One of the more provocative but less publicized initiatives introduced at the recent United Nations Climate Change Conference in Glasgow is an international effort to end oil and gas exploration and production. The Beyond Oil and Gas Alliance, created by Denmark and Costa Rica, officially launched its program at COP26.

Added on 01 January, 2022

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