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Business and Economics

Explorer President’s Column

The key to effective strategic planning is that at some point you have to ask yourself three questions: Does our strategic process produce a plan that’s “real?” Does our plan really work for the organization? Is anybody doing anything? Your AAPG Executive Committee has focused on strategic planning and now we are answering those questions, especially No. 3. Change is critical to taking advantage of new opportunities. One of my favorite quotes on change is from Albert Einstein, “The world as we have created it is a process of our thinking. It cannot be changed without changing our thinking.”

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American Association of Petroleum Geologists (AAPG)
Explorer Article

The first semester of 2020 brought challenges to organizations and industries across the world. While COVID-19 and the subsequent economic downturn led many companies to shut their doors, the twin crises inspired others to innovate and explore. For operators working offshore Mexico, activities and strategies developed during 2019 and 2020 have positioned them for success in 2021.

American Association of Petroleum Geologists (AAPG)
Explorer Article

Add the offshore sector to the much-improved outlook for oil and gas. If current projections are correct, offshore activity should be getting a major boost, starting later this year. This expected rebound has more to do with sharply lower drilling and production costs than with higher oil prices.

American Association of Petroleum Geologists (AAPG)
Explorer Article

Desperate to ship crude oil from the oil-rich province of Alberta to the Irving Oil Refinery on Canada’s east coast, Cenovus Energy took the path of least resistance last summer. It sent oil 710 miles through the Trans Mountain Pipeline to its west coast terminal in British Columbia, loaded it on a tanker, and began a 7,500-mile journey – through the Panama Canal – and up the eastern seaboard to New Brunswick. To an outsider, that statement might seem absurd, when the distance between Alberta’s prolific oil sands and the refinery is 2,600 miles – less than a third of the distance traveled by Cenovus. Yet, it was considered a successful transaction, given the fact that there is no pipeline connecting Alberta, the location of the world’s third largest oil reserves, to Canada’s east coast, the location of the country’s largest refinery.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

In the best of times, AAPG’s Director of Innovation and Emerging Science/ Technology Susan Nash has to weigh the costs and benefits of “the next big thing” out there for the industry, separating the helpful from the hyperbolic, to see which new advancements will have the greatest impact on how the industry moves forward. But undertaking all that in the middle of a pandemic is a whole new ballgame, for it makes an industry – especially one like the oil and gas industry – to take stock of exactly what the possibilities and ramifications will be when the future landscape has been so transfigured by recent events that it is almost unrecognizable from anything that preceded it

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

Later this month here in the Northern Hemisphere, we’ll enjoy the spring equinox and with it the passing of winter to spring. For those of us here in North America, particularly our members in Texas who recently experienced a polar vortex accompanied by snow, ice and freezing temperatures, this transition is welcome. With spring comes new beginnings and that, too, is welcome. The concerns of COVID have not vanished, but as vaccinations roll out across the globe, we glimpse the possibility of recovery. I am hopeful.

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American Association of Petroleum Geologists (AAPG)
Explorer Regions and Sections

“Every success story is a tale of constant adaption, revision and change,” said Sir Richard Branson, CEO of Virgin Galactic. This is true of many scientific and business ventures buffeted by 2020's economic chaos. “Survive and thrive” describes the efforts of all the AAPG sections and affiliated societies. Our AAPG sections include the nation's most vital and historic geological societies. As the new AAPG vice president of sections, it is an honor to host a monthly virtual teleconference meeting with the section presidents, presidents-elect and society leaders.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

Management with the Dynamic Group of Houston are convinced after four years of study that they have identified significant new play potential deep on the west Louisiana shelf, a province largely regarded by industry as mature for exploration. “Most of our industry thinks the U.S. shelf is in late life, and the only remaining opportunities are for low-risk, low volume exploitation targets,” said Rob Pascoe, managing director and chief geologist. “We believe that may not be the whole story. Our studies describe a large-scale new play, with the potential to be liquids rich and high value.” He said new technology and geological insights are the key.

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

I was watching some old movies during a recent snowstorm in Tulsa. One of them was “Back to the Future.” In this case, “the future” was 2015. The movie “Rollerball” was set in 2018, and “Terminator” was supposed to be from 2020-30. Have you ever noticed that the future is not that far away? As you could see from my last column, I’ve had “the future” on my mind. So, in thinking again about the future, I want to discuss governance. This will not be my most exciting column, but it is important.

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American Association of Petroleum Geologists (AAPG)
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)
Workshop
Muscat, Oman
Monday, 30 May – Wednesday, 1 June 2022, 8:00 a.m.–5:00 p.m.

Save the date! Join us for the upcoming AAPG Exploration in Mature Basins GTW to be held from 30 May – 1 June 2022 in Muscat, Oman. More information to follow soon.

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

Unconventional Resources is an online course that enables participants to learn about shale gas, shale oil and coalbed methane.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Tuesday, 1 September 2020, 8:00 a.m.–9:00 a.m.

The “Great Crew Change” has become the “Competence Train Wreck” due to the repeated personal mis-management practices of our industry and again not anticipating the known volatility of commodity prices. Despite this, hydrocarbon based energy will continue to comprise over 60% of the world’s energy mix for at least the next half century and of that energy need over half of it has yet to be found! Personal experience in working for National Oil Companies, Parastatals, large independent oil companies, small independents, as an independent and as a consultant have given me the perspective of some of the best and some of the worst of the exploration practices the industry has to offer.

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American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Wednesday, 17 June 2020, 7:00 p.m.–8:30 p.m.

Join us for 'Sustainability-Focused Opportunities'. A webinar to explore investment trends, new opportunities, and strategies for pivoting for new revenue and diversification in today's times. Webinar will be presented via Zoom 7:00pm - 8:30pm CDT 17 June 2020.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Virtual Online e-Symposium
Thursday, 19 November 2009, 12:00 a.m.–12:00 a.m.

This presentation will review the results of ongoing carbon storage research in Kentucky by the Kentucky Geological Survey (KGS) and industry partners.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Thursday, 10 September 2020, 3:00 p.m.–4:00 p.m.

Economic oil and gas fields have been increasingly found in deep-water continental margins for the past decade, where potential prospects record the key tectonic events associated with plate breakup and continental drift. In these regions, the exploitation of economic resources must take into account sustainable practices and environmental concerns of local populations. This talk will present case studies from multiple continental margins to then extrapolate major findings to basins in SE Asia.

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American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 29 October 2009, 12:00 a.m.–12:00 a.m.

Expanded package for CEU credit is $100 for AAPG members, and $145 for non-members. Special Student Pricing: $25 for Webinar only; $35 for Expanded package.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Thursday, 4 June 2020, 3:00 p.m.–4:00 p.m.

Salt welds form due to salt thinning by mechanical (e.g., salt-flow) and/or chemical (e.g., salt-dissolution) processes. This webinar explores how we use 3-D seismic reflection, borehole, and biostratigraphic data to constrain the thickness and composition of salt welds, and to test the predictions of analytical models for salt welding.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 15 March 2012, 12:00 a.m.–12:00 a.m.

This e-symposium presents techniques for predicting pore pressure in seals by examining case studies from the Gulf of Mexico and incorporating the relationship between rocks, fluids, stress, and pressure.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Tuesday, 10 September 2013, 12:00 a.m.–12:00 a.m.

The goal of this e-symposium is to review an important dimension in the ways geologist can build and update geological models using information from performance data.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Wednesday, 9 June 2021, 7:00 p.m.–8:30 p.m.

Join us for 'Pivoting 2021: The New Way to Work'. Panelists will discuss the way that work is done, both in operations and support roles, and discuss specific examples of technologies being used, and how they contribute to a safer, more efficient and profitable endeavor. Webinar will be presented via Zoom 7pm - 8:30pm CDT, 9 June 2021.

American Association of Petroleum Geologists (AAPG)
VG Abstract

This is a less-technical education topic. It can be condensed to an hour or given as 2 two-hour sessions. It stresses selected controversial aspects of fracking that touch some combination of environment and economics and includes a short video of how fracking is done.

Request a visit from David Weinberg!

American Association of Petroleum Geologists (AAPG)

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