Explorer President’s Column

“The only certainty in geology is the unexpected will happen” is a bit of wisdom my friend and mentor John Shelton likes to quote. If anything, in this environment, it’s an understatement. AAPG, our members and industry were hit with the perfect storm: —COVID-19, geopolitics and commodity prices. Of course, I don’t need to tell you about it. We have all adjusted to a new world, which includes quarantines, masks, eating in, ordering out, Zoom, MS Teams, etc. The dogs love it, the cats hate it. It’s been tough on all of us and my thoughts and prayers are with you and your families, especially those who have lost loved ones. So … how does all this impact your society?

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American Association of Petroleum Geologists (AAPG)
Explorer Division Column DPA

To those of you I have yet to have the pleasure of meeting, my name is Meredith Faber and I’m honored to serve as your Division of Professional Affairs president for this coming year. Normally, this article would be a recap of all the exciting DPA events that took place during the annual meeting. However, this year has been far from normal to date and, in a sense, I don’t mind. “Normal” is relative and sometimes boring and our departure from it gives me an opportunity to speak to you about something else entirely.

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

I know I’m not alone. Each day, as part of my morning routine, just as reliably as I brush my teeth and brew strong coffee, I check the price that oil is trading for on global markets. How do I know I’m not alone? Because my first calls of the day – usually with AAPG leaders – usually begin or end with a reference to oil prices. We all know that watching the price of oil does nothing to boost demand, but still we watch, ever hopeful that today will be a good day in the markets.

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American Association of Petroleum Geologists (AAPG)
Explorer Historical Highlights

The German oil industry did not employ geologists until the 1920s. Instead, they relied on geological surveys and other resources from universities, predominantly from Jakob Stoller of the Prussian Geological Survey. After World War I, with the beginning of private motorization and the interest of the military, demand for oil began to increase. This led to the establishment of a separate department of petroleum geology and the employment of a young geologist, Alfred Bentz, as assistant to Stoller.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

Super basins around the world offer plentiful opportunities for exploration and development, even with the temporarily reduced financial outlook of the oil industry. Ask explorationists to pick a favorite in today’s environment and the popular choice is almost a cheat. The Gulf of Mexico isn’t just a super basin. It’s a huge expanse of prospects and possibilities, of proven resources and potential reserves. An onshore, near-shore, offshore and deepwater exploration province that is really a vast collection of basins and geological features.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

Helium rose back into the news recently, in part because of drilling exploration programs planned for an area along the Alberta-Saskatchewan border in southern Canada. North American Helium Inc. of Calgary announced it had arranged additional equity financing of about $29 million to purchase and construct its second helium purification plant at the Battle Creek field in southwest Saskatchewan and to fund an active drilling program. A number of other companies are reportedly involved in North American helium exploration projects, including Desert Mountain Energy Corp. and Royal Helium Ltd. of Vancouver, Weil Group Resources LLC in Richmond, Va., and Australian explorer Blue Star Energy.

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American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

Can predictive data analytics, a cutting-edge tool for exploration, lead to a future boom in new field discoveries and reserve additions? If it does, predictive analytics predicted it.

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

Many of us as petroleum geoscientists, whether recent graduates or experienced professionals, are confronting significant disruption in our chosen profession. The oil and gas business today is, once again, in transition. How do we each individually adapt this to this new reality? It’s by exploring breadth – range – not just the depths of specialization.

American Association of Petroleum Geologists (AAPG)
Explorer Historical Highlights

History is repeating itself today as low oil prices force collaboration between OPEC and non-OPEC producers. An historical analysis of the real global price of oil shows that OPEC will push up prices when the value of oil drops, as in 1995, or work with non-OPEC countries to defend a value floor, as in 1999 and in 2016 until the present. This value floor is defined by times when OPEC advocated abandoning the U.S. dollar as a basis for pricing oil, or when OPEC and non-OPEC countries collaborated.

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American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

In a world that has seen rock-bottom oil prices, a sharp decline in energy demand, constrained funding for oil and gas and a worldwide COVID-19 pandemic, the future for unconventional resources looks – Challenging. Although, not too bad. That might seem counter-intuitive, but many analysts say the outlook for unconventionals remains positive even as the oil industry goes through a period of struggle and woe.

American Association of Petroleum Geologists (AAPG)

Hot Items

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)
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)
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

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)

Headquarters Contacts

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