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While shale gas producers continue to tout their production prowess, a few voices are starting to question the underlying economics of shale gas development.

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The Biblical land of milk and honey, aka Israel, has long been considered a kind of enigma in the oil-rich Middle East.

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One month after the tragic loss of the Deepwater Horizon drill rig in the Gulf of Mexico, President Obama signed an Executive Order establishing the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling.

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Since the time of my last EXPLORER column in December, the petroleum industry has experienced many changes.

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In 2005 the National Academies released a report titled “Rising Above the Gathering Storm: Energizing and Employing America for a Brighter Economic Future.”The report’s objective, with the bipartisan encouragement of a concerned Congress, was to assess the nation’s scientific and technological enterprise and recommend specific policy steps to ensure that it would continue delivering the advances necessary to ensure U.S. competitiveness and prosperity.

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When it comes to natural gas and its potential in the future energy mix, there’s both pessimism and optimism – depending on who’s talking. 

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What’s next? Leaders of three AAPG Regions talk about anticipated activity and potential challenges their areas face in 2011. 

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Four of the five past AAPG Africa Region presidents joined current Region President Nosa Omorodion in Abuja, Nigeria, for the third Regional Deepwater Offshore West Africa Conference (DOWAC).

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Four of the five past AAPG Africa Region presidents joined current Region President Nosa Omorodion in Abuja, Nigeria, for the third Regional Deepwater Offshore West Africa Conference (DOWAC).

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Angola’s oil industry continues to benefit from new oil discoveries and ever increasing oil production, according to a paper presented at the Deepwater Offshore West Africa Conference (DOWAC) by AAPG member, Tako Koning.

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In-Person Training
Buenos Aires Argentina 11 May, 2015 12 May, 2015 14137 Desktop /Portals/0/PackFlashItemImages/WebReady/extending-mature-fields-life-cycles-hero.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true Structure, Structural Analysis (Other), Geomechanics and Fracture Analysis, Compressional Systems, Fold and Thrust Belts, Extensional Systems, Sedimentology and Stratigraphy, Sequence Stratigraphy, Clastics, Conventional Sandstones, Eolian Sandstones, Lacustrine Deposits, Carbonates, (Carbonate) Shelf Sand Deposits, Petrophysics and Well Logs, Geophysics, Seismic, Magnetic, Gravity, Direct Hydrocarbon Indicators, Geochemistry and Basin Modeling, Basin Modeling, Maturation, Oil and Gas Analysis, Source Rock, Petroleum Systems, Environmental, Ground Water, Remote Sensing, Reservoir Characterization, Engineering, Seismic Attributes, Geochemical Fingerprinting, 3D Seismic, Production, Tertiary Recovery, Secondary Recovery, Primary Recovery, Drive Mechanisms, Development and Operations, Conventional Drilling, Coring, Business and Economics, Risk Analysis, Reserve Estimation, Resource Estimates, Economics, Deep Sea / Deepwater, Deepwater Turbidites, Marine, Shelf Sand Deposits, Slope, Carbonate Reefs, Carbonate Platforms, Hydraulic Fracturing
 
Buenos Aires, Argentina
11-12 May 2015

Join leading scientists and industry practitioners at Extending Mature Fields’ Life Cycles: the Role of New Technologies & Integrated Strategies, a Geoscience Technology Workshop (GTW) organized by the AAPG Latin America Region and the Asociación Argentina de Geólogos y Geofísicos Petroleros (AAGGP).

Denver Colorado United States 30 May, 2015 30 May, 2015 14549 Desktop /Portals/0/PackFlashItemImages/WebReady/ace2015-sc03-petroleum- economics-hero.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true ACE 2015, Business and Economics, Risk Analysis, Resource Estimates, Economics, Engineering, Development and Operations, Business, Risk/Reserve Analysis, Conventions, Short Courses, Pre-Convention, PROWESS
 
Denver, Colorado, United States
30 May 2015

This course provides an overview of the petroleum industry and upstream economics, beginning with the geoscientist’s role of evaluating uncertainty in E&P, estimating prospect resources, and estimating chances of success. The course then moves on to field development scenarios and cash flow models, developing various capital budgeting economic indices to evaluate and rank various prospective field projects, production and reservoir management for producing fields and international contract arrangements and emerging trends.

 

Abu Dhabi United Arab Emirates 04 October, 2015 06 October, 2015 13097 Desktop /Portals/0/PackFlashItemImages/WebReady/third-eage-aapg-workshop-hero.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true Tight Gas Sands, Petrophysics and Well Logs, Geophysics, Engineering, Business and Economics, Economics, Resource Estimates, Development and Operations, Reservoir Characterization
 
Abu Dhabi, United Arab Emirates
4-6 October 2015

This workshop is the outgrowth of continued cooperation between AAPG & EAGE to develop a series of multi-disciplined gatherings dedicated to understanding, completing & producing tight sandstone & carbonate reservoirs.

Online Training
21 August, 2014 21 August, 2099 10831 Desktop /Portals/0/PackFlashItemImages/WebReady/esymp-mexicos-oil-and-gas-history-new-discoveries-opportunities-and-energy-reform-hero.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
21 August 2014 - 21 August 2099
The goal of this e-symposium is to review the status of the Mexican upstream sector, and to provide a review of the most prolific and prospective areas in Mexico, with a focus on opportunities for international participation, given the upcoming energy reform in Mexico. 
02 October, 2014 02 October, 2014 10593 Desktop /Portals/0/PackFlashItemImages/WebReady/esymp-concepts-of-scale-horizontal-development-of-wolfcamp-shale-oil-of-the-southern-midland-basin-hero.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
2 October 2014
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. 
01 January, 2014 01 January, 9999 3160 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-toc-strategic-decision-making.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
1 January 2014 - 1 January 9999

Learn to critically evaluate current issues that can impact growth and sustainability of oil and gas ventures.

16 February, 2012 16 February, 2012 1483 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-es-seismically-driven-characterization-of-unconventional-shale-plays.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
16 February 2012

This presentation describes a proven workflow that uses a standard narrow azimuth 3D seismic, conventional logs, image logs and core data to build five key reservoir properties required for an optimal development of shale plays.

28 July, 2011 28 July, 2011 1476 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-es-marcellus-shale-integrating-information-to-optimize.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
28 July 2011

This presentation discusses one operator’s approach to fully integrate data captured in the Marcellus Shale in order to optimize horizontal well performance.

14 December, 2010 14 December, 2010 1467 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-es-sale-gas-in-quebecs-sedimentary-basins.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
14 December 2010

Recent interest in unconventional gas resources has attracted several oil and gas explorers to sedimentary basins in Southern Quebec.

01 January, 2013 01 January, 9999 1450 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-cc-renewable-non-renewable-resources.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
1 January 2013 - 1 January 9999

Renewable & Non-Renewable Resources is an online course that enables participants to review, analyze, and evaluate opportunities in the rapidly expanding market for renewable energy.

01 January, 2013 01 January, 9999 1449 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-cc-biomass-energy-basics.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
1 January 2013 - 1 January 9999

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.

01 January, 2013 01 January, 9999 1448 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-cc-solar-energy-basics.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
1 January 2013 - 1 January 9999

Solar Energy Basics is an online course that enables participants to review, analyze, and evaluate opportunities in the rapidly expanding market for solar energy.

01 January, 2013 01 January, 9999 1447 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-cc-wind-energy-basics.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
1 January 2013 - 1 January 9999

Wind Energy Basics is an online course that enables participants to review, analyze, and evaluate opportunities in the rapidly expanding market for wind energy.

01 January, 2013 01 January, 9999 433 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-cc-geothermal-energy-basics.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
1 January 2013 - 1 January 9999

Geothermal Energy Basics is an online course that enables participants to review, analyze, and evaluate opportunities in the rapidly expanding market for geothermal energy.

14 February, 3000 14 February, 3000 7817 Desktop /Portals/0/PackFlashItemImages/WebReady/oc-es-generic-hero.jpg?width=100&height=100&mode=crop&anchor=middlecenter&quality=75amp;encoder=freeimage&progressive=true
 
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