Candidate for Treasurer (2024-26)

William (Bill)
William (Bill) Fairhurst
Riverford Exploration, LLC



A conversation with Rebecca Caldwell, William “Bill” Fairhurst and Juan Pablo Lovecchio.

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I am honored and appreciate the support of AAPG members and many current and past leaders of AAPG in running for the office of AAPG treasurer. I have been a member of AAPG for over 40 years. As an AAPG member, I have benefited from the educational opportunities through field, core and classroom courses, excellent technical programs during conferences, our societies’ networking opportunities, past service on committees, and being an international representative for AAPG. Along the way, I have made many professional contacts and personal friends.

Over the last 20 years, I have been asked to run for various leadership positions for AAPG. Because of my geologic, other technical, and leadership roles and commitment to employers and industry organizations, I focused my time and effort on service within those roles. Over the last 10 years, I also have focused on geologic and petroleum industry knowledge transfer. These contributions include providing 11 university courses and guest lectures, 18 professional courses, five peer-reviewed publications, three magazine articles, 12 published interviews and mentions, 44 published abstracts and presentations, and 90 invited presentations, many of these for AAPG programs. Several of these have obtained high research interest scores, including a Super Basin paper in the top 5 percent of all research since its publication. Having completed these, I am now available, committed and focused on service for AAPG as treasurer.

Over the past decade, AAPG has faced many challenges. It has addressed some of these challenges but has left many unanswered. The office of AAPG treasurer provides multiple opportunities for awareness, information and assisting the Executive Committee in delivering solutions for these challenges that need to be addressed during 2024-26. The office of treasurer is unique among the Executive Committee positions. The oversight for AAPG and headquarters as treasurer requires specific technical training and expertise that most petroleum geologists have not yet obtained.

I started my first business before college and was doing double-entry journal and accounting ledger balances within a year. Academically, I have over 20 hours of accounting courses, over 100 hours of finance, economics and other general management courses, and industry training programs in these specific business skills. Over the past 20 years, I have done all the accounting and finance for several oil and gas companies and an aviation organization. As president of one firm, I taught an entire accounting department new to the industry, including the CFO, on the principles and practice of oil and gas accounting.

My commitment to training and learning in geosciences and the business of oil and gas is exemplified by my current pursuit of a Ph.D. in business administration, which is in its final stages.

These academic and practical experiences, as well as 25 years in senior executive positions in oil and gas upstream organizations, provide the technical ability to understand and clarify AAPG accounting, finance and budgeting issues, cooperatively work as a member of the Executive Committee to solve unaddressed problems, and set the organization on a path for future financial success and stability.

Academic Degrees

  • Ph.D. (expected, 2024) Business Administration and Management (finance dissertation), Oklahoma State University, Stillwater, Okla.
  • 1989 – MBA, Finance, University of Houston, Houston
  • 1984 – MS, Geology, University of Missouri, Columbia, Mo.
  • 1979 – BA, Geology, Economics-Business Management, Ohio Wesleyan University, Delaware, Ohio


  • 2003-Present – President/Chief Geologist, Riverford Exploration, Denton and The Woodlands, Texas
  • 2003-Present – Licensed Professional Geologist, State of Texas
  • 2017-20 – Manager, Industry Engagement, and Principle Investigator/Manager, Tight Oil Resource Assessment, Bureau of Economic Geology, Jackson School of Geosciences, University of Texas, Austin.
  • 2009-15 – Vice President/Chief Geologist, Land and Exploration, Eagle Oil and Gas, Dallas and Midland, Texas
  • 2002-09 – President and COO; Vice President Land and Exploration; Chief Geologist, Independent Exploration and Production Oil and Gas, Dallas, Houston, Midland and Denver
  • 1996-2002 – Exploration Manager/Chief Geologist, Petro-Hunt, Dallas, Houston, Denver
  • 1981-96 – Exploration Geologist to Manager, Marathon Oil Co., Houston, Lafayette, La., and Tyler, Texas


AAPG Activities

Joined AAPG 1980
Certified Petroleum Geologist
Member DEG, DPA, EMD

  • 2019-Present – Foundation Trustee Associate
  • 2024 – Delegate, Fort Worth Geological Society, House of Delegates
  • 2016 – Lead AAPG Representative, 8th International Symposium on Tight Sandstone and Shale Plays, State Key Lab, Chengdu University of Technology, Chinese Petroleum Society and Geological Society of China
  • 2015-18 – Chair, Reservoir Revitalization TIG
  • 2013-15 – Delegate (Alternate), Dallas Geological Society, House of Delegates
  • 2012-15 – Member, DPA Reserves and Resources Committee
  • 1987-90 – Delegate (Alternate), Houston Geological Society, House of Delegates

AAPG Honors & Awards

  • 2021– Thomas A. Philpott Excellence of Presentation Award, GCAGS


Sixty-four published papers/presentations in scientific journals and meetings, and 90 invited presentations, including:

  • 2024 – “Strategic Decisions for Petroleum Geologists,” GCAGS, San Antonio
  • 2024 – “Creativity and Innovation Are Under-Estimated Positive Indicators for Energy Outook,” AAPG Academy 2023 – “Geologic Concepts That Opened Economic Development of the West Texas (Permian Basin), 1915-1925,” IMAGE, Houston (co-author)
  • 2023 – “Exploring Entrepreneurship: GeoGulf 2023,” July AAPG EXPLORER
  • 2023 – “West Texas (Permian) Unconventiopnal Resources: Fifteen Years of Exploration, Discovery, Development and Production – What We Have Learned and Where We Are Headed, SWS Annual Meeting, Wichita Falls, Texas
  • 2021 – “West Texas (Permian) Super Basin Unconventional Resources: Exploration, Discovery and Development,” Giant Fields of the Decade 2010-2020, AAPG Memoir 125
  • 2021 – “West Texas (Permian) Super Basin, United States: Tectonics, Structural Development, Sedimentation, Petroleum Systems, and Hydrocarbon Reserves,” June AAPG BULLETIN (co-author)
  • 2021 – “West Texas (Permian) Super Basin: Prototype and Analog,” GCAGS, Austin, Texas (Thomas A. Philpott Excellence of Presentation Award)
  • 2020 – “The Perfect Unconventional Resource Portfolio,” Unconventional Resources Technology Conference (URTeC), Austin, Texas
  • 2019 – “Permian Basin Wolfberry and Wolfbone Discovery of World-Class Resources in a Mature Basin and New Insights,” AAPG Annual Convention and Exhibition (ACE), San Antonio
  • 2019 – “Advanced Simultaneous Formation Evaluation and Completion-Oriented Rock Classification in the Midland Basin Using Integrated Analysis of Well Logs, Core Measurements and Geostatistical Data,” URTeC, Denver (co-author)
  • 2019 – “Reconstructing the Permian Basin for Wolfberry and Wolfbone Unconventional Resource Assessment,” AAPG Global Super Basins: The Permian, Sugar Land, Texas.
  • 2017 – “Time For a New Wave of Conventional Resource Activity,” Dallas E&P Forum: Conventional Success in an Unconventional World, Society of Independent Professional Earth Scientists and Dallas Geological Society, Dallas
  • 2016 – “Resource Reservoirs and Hydrocarbon Source Rocks Defined by Depositional Time-Intervals and Tectonic Basin Types Within the United States” (U.S. keynote address), Eighth International Symposium on Tight Sandstone and Shale Plays Exploration and Development, Chengdu, China
  • 2016 – “Getting Started Acquiring or Evaluating Assets, Assembling Teams, Financing Options, Acquiring the Right Data – New Thinking and Value Propositions in Exploration and Production: Proactive Steps Now,” AAPG Geosciences Technology Workshop (GTW), Houston
  • 2015 – “Are Geologic/Reservoir/Completion Models Properly Constrained in the Permian Basin?” Revitalizing Reservoirs-Rocky Mountains, Midcontinent, Canada, International Focus, AAPG GTW, Golden, Colo.
  • 2015 – “‘Stealth’ – Exploration and Serendipitous Exploration for the Texas Woodford,” AAPG Woodford Shale Forum: Focus on Optimization, Oklahoma City, Okla., and Midland, Texas
  • 2015 – “Exploration Insight and Input That Changed Organizational Focus, Strategies and Economic Outcomes,” International Shale Plays, AAPG GTWs, Houston and San Antonio (co-author)
  • 2013 – “Wolfbone Oil-Saturated, Super Sweet Spot, Southern Delaware Basin: Integrated Approach from Exploration to Geologic/Reservoir Modeling and Field Development,” URTeC, Denver (co-author)
  • 2012 – “Evolution and Development of the Wolfbone play, Southern Delaware Basin, West Texas: An Emerging Frontier; An Oil-Rich Unconventional Resource,” AAPG ACE, Long Beach, California. (co-author)
  • 2002 – “The Perfect Exploration and Development Investment Portfolio,” AAPG ACE, Houston
  • 2001 – “Petro-Hunt Perspectives, The Executive Perspective on the Energy Odyssey of the 21st Century,” May AAPG BULLETIN (co-author)
  • 1983 – “Stratigraphy, Sedimentology and Petrology of Upper Cretaceous Horsethief and St. Mary River Formations, Western Montana, March AAPG BULLETIN

General Info

Candidates for AAPG office have been given the opportunity to respond briefly to the subject: "Why I Accepted the Invitation to be a Candidate for an AAPG Office."

Their responses and biographical information were provided by each candidate and edited only for grammar, spelling and format.

This information will also be provided as hard-copy in an early issue of the EXPLORER and available on the AAPG website through the election period. Ballots will be mailed, online in the first quarter of each year. Results will be posted mid-May.

Candidates were asked to limit their biographies to 350 words and responses to 500 words.

See Also