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Business and Economics

Explorer Director’s Corner

First there was Peak Oil, the Malthusian fear that the world was running out of oil. This idea has been around for a long time but had its most recent renaissance in the mid- 2000s with a host of books warning that global demand was going to overwhelm the industry’s ability to supply. The expansion of unconventional oil and natural gas production quieted concerns about supply constraints. The world is not running out of hydrocarbons.

American Association of Petroleum Geologists (AAPG)
Explorer Historical Highlights

In February 2011, the court in the small Ecuadorian town of Lago Agrio sentenced Chevron Corporation to pay $9.3 billion to a group of about 30,000 Ecuadorian residents of the Amazonian region where Texaco, later acquired by Chevron, had been producing oil for 26 years. The trial was the stuff of which Hollywood movies are made. This legal saga combined fundamental environmental issues, political intrigue, judicial corruption, corporate greed and cliff-hanging courtroom drama. Above all it unveiled the tragedy of a young and brilliant U.S. lawyer who felt he could obtain big money from a giant oil corporation while becoming a hero for the underdogs of this world.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

AAPG members throughout the world are proving that geologists can be highly beneficial to the oil and gas companies that employ them in areas beyond just exploration alone. Two of them are Karyna Rodriguez, vice president of global new ventures at Searcher in London, and Eduardo Vallejo, program lead of technologies and subsurface knowledge at YPF Tecnología in Buenos Aires. In interviews with the EXPLORER, both shared stories about their careers and provided advice to the next generation of professionals.

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

I went to a talk years ago by a speaker who was introduced as a “futurist” for his ability to predict. I’ve always wanted the title of “futurist,” but I’ve not earned it. I’ve been reading a lot of predictions for 2021 from various magazines, papers and blogs. Now I’m as close to a futurist as I will ever get, so here are a few predictions from the experts (I agree with) and how they may impact AAPG.

American Association of Petroleum Geologists (AAPG)
Explorer Article

Not surprisingly, that idea met with an abundance of caution, and even skepticism, from an industry that experienced the severe downturn of 2014-16 followed by the worldwide COVID pandemic of 2020. Still, “I think there’s plenty to be excited about, especially given the recent upsurge in oil prices,” says one analyst.

American Association of Petroleum Geologists (AAPG)
Explorer Article

As oil prices continued to rise in early 2021, explorers had to grapple with an unfamiliar and even somewhat bizarre possibility. Is the business outlook for the oil and gas industry going to be better than almost anyone expected?

American Association of Petroleum Geologists (AAPG)
Explorer Article

On the island of Nevis in the Caribbean, its 11,000 residents are on the verge of an energy transformation. In about two years, their cost of electricity will no longer fluctuate with market prices, and not even a hurricane will stop it from flowing. In fact, over a 25-year period, residents will save an estimated $100 million in energy costs, based on today’s pricing. How is this possible? It is the result of a strategic conversion to geothermal energy developed by GeoFrame Energy, a newly created partnership between Schlumberger New Energy, AAPG Member Bruce Cutright and business partner Dan Pfeffer. Their goal is to make geothermal energy the most cost-effective and reliable means for providing clean, sustainable power.

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American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

Exploration is the heart of the oil and gas industry, and geologists are the heart of exploration. Paradoxically, though geologists are among those most responsible for finding hydrocarbons, data collected by the Brazilian Association of Petroleum Geologists shows that geologists are less likely than their engineering and economist counterparts to be considered for leadership positions in the business and technology areas of oil and gas companies.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

When it comes to the challenges and concerns of how to store the raw material hydrocarbons in the Appalachian Basin, we are at crunch time. According to Dan Billman, it is a conversation that should have already started.

American Association of Petroleum Geologists (AAPG)
Explorer Article

If you have ever wondered what Robert Southey, who wrote “Goldilocks,” Lewis Carroll, who wrote “Alice in Wonderland,” and W.H. Adams, widely credited with discovering the Permian Basin, have in common – and you would be forgiven if you haven’t – then this month’s AAPG Global Super Basins Leadership Conference will be the occasion to find out. Because someone from Chevron has been thinking about that very comparison – both from the perspective of how the company is working to use the Permian as a template for future exploration and also because it sums up the state of affairs in 2020 about as well as anything.

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American Association of Petroleum Geologists (AAPG)
Workshop
Muscat, Oman
Monday, 21 November Wednesday, 23 November 2022, 8:00 a.m.–5:00 p.m.

By investigating petroleum systems, we can potentially reduce the risk of hydrocarbon charge and help define the commerciality of potential prospect and leads. Predicting oil versus gas, making predictions on oil quality or condensate-gas ratio can allow informed decisions to be made pre-drill. Advances have been made in the recent past to address subjects as diverse as, non-hydrocarbon gases, the potential for unconventional hydrocarbons, the role of hydrodynamics, the presence of tilted fluid contacts, the formation of microbial gases, phase prediction and in-reservoir fluid alteration processes. The purpose of this workshop is to address these and other subjects and to discuss the main challenges present in our current understanding of petroleum systems in the Middle East. Mark your calendar to attend this pertinant and revealing workshop.

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American Association of Petroleum Geologists (AAPG)
Workshop
Trabzon, Turkey
Tuesday, 6 September Wednesday, 7 September 2022, 8:00 a.m.–5:00 p.m.

Join us in Trabzon, Turkey, for "Exploration and Production in the Black Sea Region and Super-Basin Thinking" a AAPG Europe Geoscience Workshop to be held on September 6-7, 2022.

American Association of Petroleum Geologists (AAPG)
Short Course
Tunis, Tunisia
Monday, 12 September 2022, 8:00 a.m.–4:30 p.m.

This short course will comprise lectures, short exercises and discussion sessions. The course will focus on a number of case studies that link outcrop and subsurface geology and have relevance to petroleum exploration and production. Case studies range from Silurian to Miocene in age and come from North African and Mediterranean Basins. The course builds on basic knowledge of sedimentary geology but does not require specialist skills from participants.

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American Association of Petroleum Geologists (AAPG)
Field Seminar
Tunis, Tunisia
Thursday, 15 September Saturday, 17 September 2022, 8:00 a.m.–5:00 p.m.

The structurally complex area of Northern Tunisia (onshore and offshore) corresponds to a fold and thrust belt (FTB) zone, a result of the tertiary compressional/trans-pressional tectonics (Pyrenean and Alpine). This field trip will focus on the different structural styles in the different segments of the area using a rich amount of outcropping and subsurface data and their relationships within the petroleum systems components (source rock and reservoir Rock).

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American Association of Petroleum Geologists (AAPG)
Workshop
Lviv, Ukraine
Thursday, 21 September Friday, 22 September 2023, 8:00 a.m.–5:00 p.m.

Join us for a workshop where experts will  explore the Carpathian foreland and the Dnieper-Donetsk rift basins with a focus not only on hydrocarbons, but the utilization of geothermal resources, hydrogen exploration and CCUS.

American Association of Petroleum Geologists (AAPG)
Short Course
Sunday, 25 September 2022, 8:30 a.m.–9:30 a.m.

Date: 25 September 2022 Time: 8:30am - 4:30pm Course Instructor: Alberto Ortiz, Net Zero Carbon Solutions Registration Fee: $530 Registration Deadline: 25 August 2022 Short Course registration is included as part of the GTW registration process. The petrophysical characterization of unconventional shale-type reservoirs has been one of the most approached and relevant issues in the oil and gas industry in the last 8 years. This is because after several years, the operating companies comprehended the impact that an appropriate characterization of the reservoir has on their project economics. Another reason for this were the technical obstacles encountered in the measurement of petrophysical properties such as porosity, saturation and permeability due to the complexity of this type of reservoir. Obstacles and limitations not only relate to laboratory measurements but also to electrical logging tools. As a consequence of this, nowadays, petrophysical evaluations in this type of reservoir do not have standardized workflows established and accepted worldwide as is the case for conventional reservoirs. This motivates the professionals involved in the study of this type of rocks to dedicate a lot of effort in the validation of the technologies used, and sometimes it is difficult for them to understand the results, the evaluation of uncertainties and the construction of petrophysical models with results and representative parameters of the subsurface conditions. This course will focus on providing key knowledge for a better characterization of the rock both in the aspects related to the matrix represented by mineralogy and kerogen as well as the fluids present. The approach will be based on the convergence of different technologies that support and give robustness to the results. The contents that will be provided will include laboratory testing techniques and petrophysical evaluation of electrical well logs for unconventional shale-type reservoirs. The contents provided will cover a variety of studies based on the most diverse physical principles that will include the latest advances and techniques used in the industry such as Nuclear Magnetic Resonance, Spectroscopy, Dielectric, Computed axial tomography and SEM images, among others. As a result of this, attendees will have tools that allow a more comprehensive understanding of this type of rocks, a better assessment of the uncertainty of the model used and the necessary steps to improve its precision, accelerating the learning curve. The contents provided will also allow knowing the critical parameters that must be taken into account for the definition of areas to be drilled. Course Topics Reservoir heterogeneity characterization from outcrops to lab data and electrical logging. Most relevant unconventional plays of the world. Main characteristics. The petrophysical model. Components and definitions, construction, uncertainties, strengths and weakness. Lab studies: porosity, saturation, mineralogy, organic geochemistry and permeability. Electrical logging response on unconventional shale plays: triple combo, NMR, NMR T1T2, nuclear spectroscopy, spectral GR, dielectric. The effect of maturity on kerogen. Challenges on water saturation calculation. Data integration. Interpretation workflows and core calibration.

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American Association of Petroleum Geologists (AAPG)
Workshop
Sydney, Australia
Wednesday, 6 July Thursday, 7 July 2022, 8:00 a.m.–5:00 p.m.

As we transition to a new commercial reality for our industries, there has never been a more important time for Earth Scientists to take a seat at the table. This workshop is designed to share our knowledge of the petroleum sector with other branches of the geosciences, while learning from their experiences. Join us for this hybrid online and in-person workshop on 6 July 2022.

American Association of Petroleum Geologists (AAPG)
Workshop
Lisbon, Portugal
Thursday, 18 May Friday, 19 May 2023, 8:00 a.m.–5:00 p.m.

This 2-day conference brings together diverse experts working on modern and ancient turbidite, MTDs, contourite and hybrid/mixed systems in order to improve the present-day knowledge, models and predictive power.

American Association of Petroleum Geologists (AAPG)
Workshop
Manama, Bahrain
Monday, 26 September Wednesday, 28 September 2022, 8:00 a.m.–5:00 p.m.

The workshop aims to provide a comprehensive understanding of the source rocks in the Middle East. The technical program is developed in a way that coves the depositional environments and transport processes, basin modeling and detailed rock characterisation including geochemisty, geomechanics and petrophysics.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 23 July 2009, 12:00 a.m.–12:00 a.m.

As commodity prices have dropped, many shale plays have become uneconomical as statistical plays and have increasingly become recognized as geological plays demanding new insights from data.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Thursday, 19 November 2020, 12:00 p.m.–1:00 p.m.

Another in a series of AAPG Visiting Geoscientist Presentations organized by the Manchester University AAPG Student Chapter. Sponsored by BP. Presented by Visiting Geoscientist Elda Miramontes, University of Bermen, Germany Webinar presented via Zoom on 19 November at 5:00pm (GMT-0)

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

Biomass Energy Basics is an online course that enables participants to review, analyze, and evaluate opportunities in the rapidly expanding market for biopower and biofuel.

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)
Webinar
Virtual Webinar
Wednesday, 27 May 2020, 7:00 p.m.–8:30 p.m.

Join us for 'New Approaches for Start-Up Success' where we will discuss selecting companies to invest in now, the game changers program now, profile of a successful drone and robotics start-up and how we adapted our pitch for the pandemic. Webinar will be presented via Zoom 7pm - 8:30pm CDT, 27 May 2020.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 23 April 2015, 2:00 p.m.–3:00 p.m.

Recent laboratory studies have revealed previously unknown behaviors in shale gas which unlock secrets of permeability and sweet spots in shale gas reservoirs. The presentation presents the findings and also goes into detail about how the new information can be applied in order to potentially improve recovery in reservoirs.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Tuesday, 30 June 2020, 3:00 p.m.–4:00 p.m.

El geocientífico visitante Juan Pablo Lovecchio revisa aspectos generales de la ruptura, grietas y formación pasiva de márgenes y evolución a través del tiempo, así como elementos del desarrollo del sistema petrolero.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Tuesday, 14 April 2020, 4:00 p.m.–6:00 p.m.

The Upper Jurassic (Oxfordian) Smackover Formation is one of the most prolific oil and gas producers in the northeastern Gulf of Mexico coastal plain, where it deposited in a proximal carbonate ramp. This study is a comprehensive characterization of the depositional environment of the Smackover based on 3D seismic and well data from wells in the Vocation and Appleton oil fields located in the Conecuh and Manila Sub-basins in southwest Alabama.

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American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 19 March 2015, 2:00 p.m.–3:00 p.m.

A detailed biostratigraphic analysis and stratigraphic framework of the Paleocene and Eocene Chicontepec Formation in the Tampico-Misantla basin, onshore eastern Mexico, was conducted using 33 wells.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Friday, 11 December 2020, 11:30 a.m.–12:30 p.m.

In a world moving to net-zero emissions during the COVID-driven oil price collapse, there remain important scientific and business opportunities for geoscientists, particularly those with expertise in stratigraphy, sedimentology, reservoir geology and hydrocarbon production. In this webinar, Dr. Julio Friedmann, senior research scholar, Center on Global Energy Policy, Columbia University discusses the challenges this community faces which are not scientific or technical, but rather involve shifts in business model, policy and global market trends. Webinar presented via Zoom on 11 December 2020 at 11:30 am CST (UTC-6).

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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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