Explorer Historical Highlights

People in the oil and gas industry often speak of, and always seek to find, the “sweet spot” of a given play, field or reservoir. Ask anyone in the oil patch, “What is a sweet spot?”, and you will often get an answer long on colorful recollections and short on hard details. Ask a follow-up question about the history of sweet spots and you will probably receive only a baffled look.

American Association of Petroleum Geologists (AAPG)
Explorer Article

Last year started with promise for the Colombian offshore industry. Shell EP Offshore Ventures Limited and Ecopetrol, S.A. signed an agreement for Shell to acquire an interest in and operate the Fuerte Sur, Purple Angel and Col-5 blocks located in the southern Colombian Caribbean basin. Noble Energy opened an office in Barranquilla and announced plans to drill a prospect at 8,500 feet on the Col-3 block in the Guajira Basin in northern Colombia. Ecopetrol and Petrobras prepared to mature the 2014 Orca discovery on the Tayrona block, also in Guajira. Then COVID-19 came to the Americas in March 2020, and everything changed.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

University geoscience programs face a challenging future as the world emerges from the coronavirus pandemic – one that could have significant and even dire implications for oil and gas. Educators, mostly outside the United States, are already sounding an alarm.

American Association of Petroleum Geologists (AAPG)
Explorer Director’s Corner

First there was Peak Oil, the Malthusian fear that the world was running out of oil. This idea has been around for a long time but had its most recent renaissance in the mid- 2000s with a host of books warning that global demand was going to overwhelm the industry’s ability to supply. The expansion of unconventional oil and natural gas production quieted concerns about supply constraints. The world is not running out of hydrocarbons.

American Association of Petroleum Geologists (AAPG)
Explorer Historical Highlights

In February 2011, the court in the small Ecuadorian town of Lago Agrio sentenced Chevron Corporation to pay $9.3 billion to a group of about 30,000 Ecuadorian residents of the Amazonian region where Texaco, later acquired by Chevron, had been producing oil for 26 years. The trial was the stuff of which Hollywood movies are made. This legal saga combined fundamental environmental issues, political intrigue, judicial corruption, corporate greed and cliff-hanging courtroom drama. Above all it unveiled the tragedy of a young and brilliant U.S. lawyer who felt he could obtain big money from a giant oil corporation while becoming a hero for the underdogs of this world.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

AAPG members throughout the world are proving that geologists can be highly beneficial to the oil and gas companies that employ them in areas beyond just exploration alone. Two of them are Karyna Rodriguez, vice president of global new ventures at Searcher in London, and Eduardo Vallejo, program lead of technologies and subsurface knowledge at YPF Tecnología in Buenos Aires. In interviews with the EXPLORER, both shared stories about their careers and provided advice to the next generation of professionals.

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American Association of Petroleum Geologists (AAPG)
Explorer President’s Column

I went to a talk years ago by a speaker who was introduced as a “futurist” for his ability to predict. I’ve always wanted the title of “futurist,” but I’ve not earned it. I’ve been reading a lot of predictions for 2021 from various magazines, papers and blogs. Now I’m as close to a futurist as I will ever get, so here are a few predictions from the experts (I agree with) and how they may impact AAPG.

American Association of Petroleum Geologists (AAPG)
Explorer Article

Not surprisingly, that idea met with an abundance of caution, and even skepticism, from an industry that experienced the severe downturn of 2014-16 followed by the worldwide COVID pandemic of 2020. Still, “I think there’s plenty to be excited about, especially given the recent upsurge in oil prices,” says one analyst.

American Association of Petroleum Geologists (AAPG)
Explorer Article

As oil prices continued to rise in early 2021, explorers had to grapple with an unfamiliar and even somewhat bizarre possibility. Is the business outlook for the oil and gas industry going to be better than almost anyone expected?

American Association of Petroleum Geologists (AAPG)
Explorer Article

On the island of Nevis in the Caribbean, its 11,000 residents are on the verge of an energy transformation. In about two years, their cost of electricity will no longer fluctuate with market prices, and not even a hurricane will stop it from flowing. In fact, over a 25-year period, residents will save an estimated $100 million in energy costs, based on today’s pricing. How is this possible? It is the result of a strategic conversion to geothermal energy developed by GeoFrame Energy, a newly created partnership between Schlumberger New Energy, AAPG Member Bruce Cutright and business partner Dan Pfeffer. Their goal is to make geothermal energy the most cost-effective and reliable means for providing clean, sustainable power.

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American Association of Petroleum Geologists (AAPG)

Hot Items

wwwUpdate Blog

Courtesy of AAPG and AAPG Datapages, two Discovery Series data sets have been donated free of charge for use as online teaching materials. Discovery Series 10 – Sandstone Petrology: A Tutorial Petrographic Image Atlas 2nd Edition and Discovery Series 15 – Carbonate Petrology: Interactive Petrography Tutorial, both authored by Kitty Milliken, have been posted online for easy accessibility.

American Association of Petroleum Geologists (AAPG)
Events Blog

URTeC 2021 Registration Now Open! Plan to join us at the Unconventional Resources Technology Conference (URTeC) 26–28 July 2021, in-person at the George R. Brown Convention Center in Houston, Texas and online.

American Association of Petroleum Geologists (AAPG)
Events Blog

Hey you Unconventional Resources Team Rock Stars! We’re proud to announce the profits from Carson Beyer's new song, 'The Rocks' -- inspired by all of you -- will be donated to Oilfield Helping Hands. We stand with OHH and Carson proudly and want to do our part in offering a helping hand to all who have been affected. If you would like to make a donation, go to https://lnkd.in/dB53uvy . 

American Association of Petroleum Geologists (AAPG)
wwwUpdate Blog

AAPG publications are widely read by geologists, geophysicists and reservoir engineers. Are they your target audience? Then take advantage of the many advertising opportunities available in AAPG’s news and journal magazines.

American Association of Petroleum Geologists (AAPG)
wwwUpdate Blog

The AAPG Mobile app will let you easily connect with friends and colleagues and access all of your AAPG membership benefits right through your mobile device. Available for download for both iOS and Android devices!

American Association of Petroleum Geologists (AAPG)
Explorer Article

The results are in for the AAPG officer election for the president-elect, vice president – regions, and secretary. Thank you for your voting participation!

American Association of Petroleum Geologists (AAPG)

Headquarters Contacts

Diane Keim
Diane Keim Administrative Coordinator, AAPG +1 918 560-2644