In simple terms,” said Donald Burdick, CEO and co-founder of Olifant Energy, “you can view partnering with a private equity firm as a way to partner with many investors under one large aggregator.” On the most basic level, private equity firms reach out to many investors for their funds and then turn around and deploy that capital among their portfolio of companies. “This approach,” said Burdick, “mitigates risk for the investors and it simplifies the financial reporting for the portfolio company.
It was only expected to produce for 30 years. But now, 40 years later, BP looks forward to another 40 years of production in Alaska’s Prudhoe Bay.
M&A activity appears to be on the rebound, but current oil price volatility tempers the otherwise optimistic mood going into this year’s APPEX conference in London.
With a new batch of freshman lawmakers in Congress, there has been increasing attention on a proposed “Green New Deal” to aggressively tackle climate change, among other issues. But how feasible is it?
Energy fuels the economic engine of the world. Access to secure energy—affordable, available, reliable, and sustainable—is not only vital for economic health, but also to lift the world from poverty, and to invest in the environment. Are carbon policy and poverty mutually exclusive, or does there exist an energy “radical middle” that can address the challenges of carbon and poverty, and still preserve a healthy economy?
What are your resolutions for the new year? I have two suggestions. First, get involved and stay involved with the AAPG. Second, seek certification from the AAPG Division of Professional Affairs. You will not regret keeping these resolutions. It is an investment in your career.
With OPEC increasingly overshadowed by Saudi Arabia and Russia’s cooperation, and the United States’ escalating production, who holds the power in the global oil arena?
Mountains and beaches. Colonial cities, farming communities, indigenous villages. Central Eastern Mexico is full of diverse cultures and landscapes. It is also home to the Tampico-Misantla super basin, a 25,000-square-kilometer area that has produced oil since 1869.
Its present lull notwithstanding, the Permian Basin has been a production behemoth for years. The archetypal super basin in West Texas is the primary growth driver in U.S. oil production and may become the largest oil patch in the world over the next decade.
Earlier this year, in a surprise move, the Texas Sunset Advisory Committee recommended to eliminate the Texas Board of Professional Geology and repeal the Texas Geoscience Practice Act. Local Texas geoscience organizations and societies mobilized quickly to protest this decision and move forward.
One of the main objectives of petroleum exploration consists of predicting reservoir location. Data collected in the basin are used to better understand the sedimentary architecture, but are usually insufficient to accurately characterize this architecture.
The 2020 International Conference and Exhibition (ICE) call for abstracts is now open. Now is the time to share your knowledge, insights, and research to help guide our geosciences community to expand frontiers and unlock resources for future generations.
Book Now! Exhibit and Sponsorship Opportunities Available. The American Association of Petroleum Geologists (AAPG) 2020 Annual Convention and Exhibition (ACE) will be held 7–10 June, at the George R. Brown Convention Center in Houston, Texas. ACE remains a symbol and the intellectual headquarters for providing the technology, science, and skills to help fuel our future.
Sponsorships are now available for the American Association of Petroleum Geologists' 2020 Annual Convention and Exhibition (ACE) to be held 7–10 June, in Houston, Texas.
Exhibit space is available for the American Association of Petroleum Geologists' 2020 Annual Convention and Exhibition (ACE) to be held 7–10 June, in Houston, Texas.
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.