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Business and Economics

Explorer Emphasis Article

Consider the geophysics sector of the industry a shrink-to-fit enterprise where misery might be starting to bring its own relief, and business is improving after recent years of financial ups and downs. With, admittedly, more downs than ups. Higher oil and gas prices this year have brought either a spark of enthusiasm or a glimmer of hope to many geophysical companies. And the technical side of geophysics has continued to advance strongly despite the business challenges.

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

The goal of the DEG this year is to increase the visibility of the Division in the areas of not only CCUS but also natural gas storage, hydrogen storage, compressed air energy storage and geothermal storage. Petroleum professionals are uniquely qualified to evaluate the risk and uncertainty of subsurface storage methods. We evaluate both containment risk, such as seal integrity and presence of faults, but also the impact of reservoir heterogeneities and reservoir properties on storage capacity.

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American Association of Petroleum Geologists (AAPG)
Explorer Historical Highlights

In 1949 an historic oil field was discovered under the Caspian Sea. The field was named “Neft Dashlari, which in Azerbaijani means “Oil Rocks,” and it was a milestone in the development of the global oil industry. Oil Rocks, an iconic “city in the sea,” pointed the way to modern offshore drilling as we know it today.

American Association of Petroleum Geologists (AAPG)
Explorer Readers Forum

We often see calls for the elimination of all petroleum products, including natural gas. As long as coal and biomass – which emit two-to-four-times more carbon than natural gas – are major components of electricity generation, it makes no sense to eliminate natural gas. Why would we blow up one of our cheapest, cleanest bridges toward the energy evolution when we are just starting to set foot on that bridge?

American Association of Petroleum Geologists (AAPG)
Explorer Article

Depleted horizontal oil and gas wells could have a second life storing renewable energy, according to researchers at the U.S. Department of Energy’s National Renewable Energy Laboratory. Because renewable forms of electricity generation like solar and wind require low-cost energy storage, the NREL researchers propose using depleted hydraulically fractured oil and gas wells to store electrical energy in the form of compressed natural gas to be released to spin an expander/generator when electrical demand is high.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

Are years of upstream oil and gas underinvestment and under-exploration finally catching up with the world? Is the hope of avoiding a climate catastrophe now a lost cause? Can the global energy industry deliver adequate, affordable energy to meet the world’s future needs? Is the word in an energy crisis? Annually at midyear, a number of organizations publish overviews of the global energy picture. Based on those reports, there is good news. And bad news.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

Mention energy from the Middle East and most people automatically think of crude oil production. But today, geopolitics and supply challenges have put an increased focus on global natural gas resources. Consequently, energy developments in the Middle East are shifting toward natural gas production and export, driven by an increasing international appetite for gas supply and questions about longer-term oil demand. Right now, the bottom line is that natural gas looks like a long-term growth industry and crude oil doesn’t.

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American Association of Petroleum Geologists (AAPG)
Learn! Blog

Technology moves quickly, and so accelerators have to be nimble, quick and agile to provide services, space, and guidance for startups and innovation to prosper. Welcome to an interview with Angel Garcia, B²Hub Accelerator (BAM BizHUB), who is a participant and moderator for AAPG’s U-Pitch New Technology Showcase.

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

I sometimes find it amusing that several people can look at the same data and come to diametrically opposed opinions as to what that information represents. I think we can all chuckle when three geologists view an outcrop and come up with five conflicting interpretations of what depositional environment is represented in the exposure, for example. Diametrically opposed opinions related to the health and financial condition of AAPG are more concerning than amusing to me, however.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

Approximately 80 percent of today’s global energy supply comes from fossils fuels, 54 percent of which is supplied by oil and gas. Global society’s goal for the near future is to enjoy the same or better quality of life, but with zero carbon emitted. This presents a set of challenging questions of particular relevance to AAPG members. How will energy demand evolve? How difficult is it to remove oil and gas from the global energy mix? And if they remain part of the mix, what kind of hydrocarbons are we looking for? How important will geological carbon storage be in assisting efforts to reach net zero? These questions were investigated in a recent paper by the authors entitled, “Demand for ‘advantaged’ hydrocarbons during the 21st century energy transition,” and published in the journal Energy Reports. The results are summarized here.

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American Association of Petroleum Geologists (AAPG)
Workshop
Paramaribo, Suriname
Wednesday, 17 January Thursday, 18 January 2024, 8:00 a.m.–5:00 p.m.

Plan now to attend an interactive in-person workshop with industry leaders, government representatives and technical experts working in the Guyana-Suriname Basin.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Wednesday, 14 April 2021, 7:00 p.m.–8:30 p.m.

Join us for 'Pivoting 2021: Energy Industry Supply Chains'. Panelists will discuss some of the most prominent advances in supply chain practice, including provenance, authenticity assurance, blockchain, automation, multiple sourcing, and 3D printing. Webinar will be presented via Zoom 7pm - 8:30pm CDT, 14 April 2021.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Thursday, 30 July 2020, 8:00 a.m.–10:00 a.m.

Hear panelists’ views on how COVID-19 has affected the legal, financial and technological sectors of the energy industry and what they expect for the future. Topics include energy markets, public policy, infrastructure, transportation, corporate culture, digitalization and the energy transition. Send questions and comments for speakers, then make your voice heard in virtual roundtables opening 10 minutes after the panel discussion. Forum registration is free of charge thanks to support from our sponsors. Forum Registration

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American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Wednesday, 12 May 2021, 7:00 p.m.–8:30 p.m.

Join us for 'Pivoting 2021: Opportunities with Earth Imaging Technologies'. Panelists discuss the newest developments and directions in drones, satellite imagery, and other ways to acquire and process images of the Earth's surface. Webinar will be presented via Zoom 7pm - 8:30pm CDT, 12 May 2021.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 12 April 2012, 12:00 a.m.–12:00 a.m.

This seminar focuses on the role geoscience leaders and mentors play in retaining top talent.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 2 October 2014, 2:00 p.m.–3:00 p.m.

This course is ideal for individuals involved in Midland Basin exploration and development. Successful development of Wolfcamp shale oil relies on complex inter-relationships (ultimately interdependencies) within and between a wide variety of scientific disciplines, financial entities, and company partnerships. 

American Association of Petroleum Geologists (AAPG)
Online Traditional Course
Tuesday, 1 January 2013, 12:00 a.m.–1:00 a.m.

In the span of a mere few months, the much of the world went from a state of exuberant self-actualization to the most primal level of survival (health, food, shelter) insecurity. Consequently, the world has changed. Shock change due to pandemic-triggered chain reactions, supply / demand and price instability, rapid technological innovation, new plays and changing markets, distributed teams and workforces, the powerful force of social media, shortages of technical expertise, and supply chain issues have come together to create new challenges and opportunities for leadership. We will analyze how the issues relate to the oil and gas business (exploration, development, oilfield services, support services, financial sector) and we will propose solutions for immediate real-world emergencies, together with longer term challenges. In addition, we will evaluate what prominent thinkers and academics have written about leadership and strategic planning.

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American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Tuesday, 28 April 2020, 12:00 p.m.–1:00 p.m.

Em 2011 e 2015, apresentei uma avaliação do potencial de petróleo ainda por descobrir (YTF – Yet to Find) na região brasileira do pré-sal, utilizando uma ferramenta de modelagem de exploração e um método de simulação estocástica (Monte Carlo) para estimar as acumulações potenciais já descobertas e as restantes para ser descobertas. Embora da metodologia robusta usada, é compreensível que, à luz dos novos preços do petróleo, muito mais baixos, a avaliação do óleo YTF possa ser questionada sobre o quão realista poderia ser, num cenário prolongado de preço baixo do petróleo. Em 2016, apresentei essa avaliação, para preços do petróleo abaixo de US$ 50/bbl. Agora, com os preços do petróleo ainda mais baixos que podem representar um novo cenário de redução por mais tempo, volto a revisar as avaliações anteriores. Os resultados são apresentados no contexto de importantes implicações geopolíticas para em regiões do mundo onde os recursos de petróleo e gás provavelmente continuarão viáveis, apesar dos preços baixos do petróleo, e os rearranjos geopolíticos que isso implica.

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American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Wednesday, 3 June 2020, 7:00 p.m.–8:30 p.m.

Join us for 'Analytics-Based Opportunities in Double Black Swan Times' where we will discuss the steps companies are taking, business considerations in cross-industry analytics -start-ups to majors, analytics agility in a double black swan world, enabling the workforce to utilize and exploit data remotely using the cloud and machine learning. Webinar will be presented via Zoom 7pm - 8:30pm CDT, 3 June 2020.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Tuesday, 23 June 2020, 2:00 p.m.–3:00 p.m.

Visiting Geoscientist Mauricio Guizada provides an overview of general structural geology of the Andes, with a focus on the Central Andes. His talk covers topics related to onshore exploration, G&G methods in exploration and risk analysis. Join Mauricio Guizada via Zoom on June 23 at 4pm CDT.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Thursday, 19 November 2020, 11:00 a.m.–12:00 p.m.

Hear John Kaldi speak about Integrated Approaches to Determining Net Pay: Caveats & Lessons Learned. Webinar presented via Zoom on Thursday 19 November 2020 at 11:00 SGT (GMT+8) Singapore time.

American Association of Petroleum Geologists (AAPG)
VG Abstract

The carbonate sequences that were deposited in the now exhumed Tethyan Ocean influence many aspects of our lives today, either by supplying the energy that warms our homes and the fuel that powers our cars or providing the stunning landscapes for both winter and summer vacations. They also represent some of the most intensely studied rock formations in the world and have provided geoscientists with a fascinating insight into the turbulent nature of 250 Million years of Earth’s history. By combining studies from the full range of geoscience disciplines this presentation will trace the development of these carbonate sequences from their initial formation on the margins of large ancient continental masses to their present day locations in and around the Greater Mediterranean and Near East region. The first order control on growth patterns and carbonate platform development by the regional plate-tectonic setting, underlying basin architecture and fluctuations in sea level will be illustrated. The organisms that contribute to sequence development will be revealed to be treasure troves of forensic information. Finally, these rock sequences will be shown to contain all the ingredients necessary to form and retain hydrocarbons and the manner in which major post-depositional tectonic events led to the formation of some of the largest hydrocarbon accumulations in the world will be demonstrated.

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Request a visit from Keith Gerdes!

American Association of Petroleum Geologists (AAPG)
VG Abstract

In comparison with the known boundary conditions that promote salt deformation and flow in sedimentary basins, the processes involved with the mobilization of clay-rich detrital sediments are far less well established. This talk will use seismic examples in different tectonic settings to document the variety of shale geometries that can be formed under brittle and ductile deformations.

Request a visit from Juan I. Soto!

American Association of Petroleum Geologists (AAPG)
DL Abstract

President Biden has laid out a bold and ambitious goal of achieving net-zero carbon emissions in the United States by 2050.  The pathway to that target includes cutting total greenhouse gas emissions in half by 2030 and eliminating them entirely from the nation’s electricity sector by 2035. The Office of Fossil Energy and Carbon Management will play an important role in the transition to net-zero carbon emissions by reducing the environmental impacts of fossil energy production and use – and helping decarbonize other hard-to abate sectors.

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Request a visit from Jennifer Wilcox!

American Association of Petroleum Geologists (AAPG)
DL Abstract

As oil and gas exploration and production occur in deeper basins and more complex geologic settings, accurate characterization and modeling of reservoirs to improve estimated ultimate recovery (EUR) prediction, optimize well placement and maximize recovery become paramount. Existing technologies for reservoir characterization and modeling have proven inadequate for delivering detailed 3D predictions of reservoir architecture, connectivity and rock quality at scales that impact subsurface flow patterns and reservoir performance. Because of the gap between the geophysical and geologic data available (seismic, well logs, cores) and the data needed to model rock heterogeneities at the reservoir scale, constraints from external analog systems are needed. Existing stratigraphic concepts and deposition models are mostly empirical and seldom provide quantitative constraints on fine-scale reservoir heterogeneity. Current reservoir modeling tools are challenged to accurately replicate complex, nonstationary, rock heterogeneity patterns that control connectivity, such as shale layers that serve as flow baffles and barriers.

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Request a visit from Tao Sun!

American Association of Petroleum Geologists (AAPG)
DL Abstract

Three-dimensional (3D) seismic-reflection surveys provide one of the most important data types for understanding subsurface depositional systems. Quantitative analysis is commonly restricted to geophysical interpretation of elastic properties of rocks in the subsurface. Wide availability of 3D seismic-reflection data and integration provide opportunities for quantitative analysis of subsurface stratigraphic sequences. Here, we integrate traditional seismic-stratigraphic interpretation with quantitative geomorphologic analysis and numerical modeling to explore new insights into submarine-channel evolution.

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Request a visit from Jacob Covault!

American Association of Petroleum Geologists (AAPG)
VG Abstract

Production from unconventional petroleum reservoirs includes petroleum from shale, coal, tight-sand and oil-sand. These reservoirs contain enormous quantities of oil and natural gas but pose a technology challenge to both geoscientists and engineers to produce economically on a commercial scale. These reservoirs store large volumes and are widely distributed at different stratigraphic levels and basin types, offering long-term potential for energy supply. Most of these reservoirs are low permeability and porosity that need enhancement with hydraulic fracture stimulation to maximize fluid drainage. Production from these reservoirs is increasing with continued advancement in geological characterization techniques and technology for well drilling, logging, and completion with drainage enhancement. Currently, Australia, Argentina, Canada, Egypt, USA, and Venezuela are producing natural gas from low permeability reservoirs: tight-sand, shale, and coal (CBM). Canada, Russia, USA, and Venezuela are producing heavy oil from oilsand. USA is leading the development of techniques for exploring, and technology for exploiting unconventional gas resources, which can help to develop potential gas-bearing shales of Thailand. The main focus is on source-reservoir-seal shale petroleum plays. In these tight rocks petroleum resides in the micro-pores as well as adsorbed on and in the organics. Shale has very low matrix permeability (nano-darcies) and has highly layered formations with differences in vertical and horizontal properties, vertically non-homogeneous and horizontally anisotropic with complicate natural fractures. Understanding the rocks is critical in selecting fluid drainage enhancement mechanisms; rock properties such as where shale is clay or silica rich, clay types and maturation , kerogen type and maturation, permeability, porosity, and saturation. Most of these plays require horizontal development with large numbers of wells that require an understanding of formation structure, setting and reservoir character and its lateral extension. The quality of shale-gas resources depend on thickness of net pay (>100 m), adequate porosity (>2%), high reservoir pressure (ideally overpressure), high thermal maturity (>1.5% Ro), high organic richness (>2% TOC), low in clay (<50%), high in brittle minerals (quartz, carbonates, feldspars), and favourable in-situ stress. During the past decade, unconventional shale and tight-sand gas plays have become an important supply of natural gas in the US, and now in shale oil as well. As a consequence, interest to assess and explore these plays is rapidly spreading worldwide. The high production potential of shale petroleum resources has contributed to a comparably favourable outlook for increased future petroleum supplies globally. Application of 2D and 3D seismic for defining reservoirs and micro seismic for monitoring fracturing, measuring rock properties downhole (borehole imaging) and in laboratory (mineralogy, porosity, permeability), horizontal drilling (downhole GPS), and hydraulic fracture stimulation (cross-linked gel, slick-water, nitrogen or nitrogen foam) is key in improving production from these huge resources with low productivity factors.

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Request a visit from Ameed Ghori!

American Association of Petroleum Geologists (AAPG)
DL Abstract

Around 170 million years ago, the Gulf of Mexico basin flooded catastrophically, and the pre-existing landscape, which had been a very rugged, arid, semi-desert world, was drowned beneath an inland sea of salt water. The drowned landscape was then buried under kilometers of salt, perfectly preserving the older topography. Now, with high-quality 3D seismic data, the salt appears as a transparent layer, and the details of the drowned world can be seen in exquisite detail, providing a unique snapshot of the world on the eve of the flooding event. We can map out hills and valleys, and a system of river gullies and a large, meandering river system. These rivers in turn fed into a deep central lake, whose surface was about 750m below global sea level. This new knowledge also reveals how the Louann Salt was deposited. In contrast to published models, the salt was deposited in a deep water, hypersaline sea. We can estimate the rate of deposition, and it was very fast; we believe that the entire thickness of several kilometers of salt was laid down in a few tens of thousands of years, making it possibly the fastest sustained deposition seen so far in the geological record.

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Request a visit from Frank Peel!

American Association of Petroleum Geologists (AAPG)
VG Abstract

The Betic hinterland, in the westernmost Mediterranean, constitutes a unique example of a stack of metamorphic units. Using a three-dimensional model for the crustal structure of the Betics-Rif area this talk will address the role of crustal flow simultaneously to upper-crustal low-angle faulting in the origin and evolution of the topography.

Request a visit from Juan I. Soto!

American Association of Petroleum Geologists (AAPG)
DL Abstract

Local sea-level changes are not simply a function of global ocean volumes but also the interactions between the solid Earth, the Earth’s gravitational field and the loading and unloading of ice sheets. Contrasting behaviors between Antarctica and Scotland highlight how important the geologic structure beneath the former ice sheets is in determining the interactions between ice sheets and relative sea levels.

Request a visit from Alex Simms!

American Association of Petroleum Geologists (AAPG)

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