March 2015

Well, we all knew it would happen… sometime. Our industry has always had ups and downs, and now we are back in one of the downs with a 60 percent drop in the price of oil from the price high of last June.

We’ve chosen to work in a volatile business. We need to own that. And we need to prepare accordingly.

DEG has two principal venues to reach members and the public through the written word.These commonly serve as discussion starters and are intended to maintain lively debate and discourse within the DEG community.

Spectral decomposition of seismic data helps in the analysis of subtle stratigraphic plays and fractured reservoirs. The different methods used for decomposing the seismic data into individual frequency components within the seismic data bandwidth serve to transform the seismic data from the time domain to the frequency domain– and generate the spectral magnitude and phase components at every time-frequency sample.

The oil and natural gas industry is the target of round two of the President’s Climate Action Plan, released in 2013 with the goal of reducing greenhouse gas (GHG) emissions.

I must have tugged on his coattails. Actually, I don’t really remember how it all came about. But at the 1951 Spindletop 50th anniversary celebration in Beaumont, Texas, I, a 10-year-old schoolgirl, somehow found myself talking to Allen William “Al” Hamill, one of the drillers of the famed Lucas Gusher – the well brought in 50 years before, January 10, 1901, on the low mound just south of town that came to be known as Spindletop Hill.

The current collapse of oil prices and the continuing downward pressure on natural gas prices have been a double whammy for the Canadian oil patch. At least while oil was attractive, players could be liquids-focused; but now, that once-safe haven has been eliminated. The repercussions of this downturn here are now rippling through industry, governments and society at large.

Veteran geosciences teacher Jacqueline “Jackie” Bath of Littleton, Colo., a freshman earth sciences teacher at ThunderRidge High School in Highlands Ranch, Colo., has been named the 2015 AAPG Foundation’s Teacher of the Year.