Oil Prices Turn Lower After Putin Steps Up Military Efforts in Ukraine - 22 September, 2022 07:30 AM
Major Oil Price Spike Likely in 2023: Risks and Opportunities - 22 September, 2022 07:30 AM
Private Equity Scoops Up Oil and Gas Assets - 22 September, 2022 07:30 AM
Australian Firm Eyes New Oil Exploration Offshore Philippines - 22 September, 2022 07:30 AM
Oil Prices Drop in Advance of Expected Fed Rate Hike - 21 September, 2022 07:30 AM
Petroleum Systems of the Middle East Member Call for Abstracts
Expires in 82 days
In the first part of this series, we showed the energy transition will follow an “all of the above” trajectory, irrespective of aspirational messages. Our conclusions are based on the inherent limitations of wind and solar low-density energy machines for generating base-load power: low-density energy machines would cover hundreds of millions of acres. Also in part 1, we discussed Princeton University’s Net Zero America report, an outstanding, 18-author study of five models to de-carbonize the United States by 2050. The report does not mention environmental impact of LDEMs.
While it is evident that the world will rely on oil and gas for years to come, some industry geoscientists are paving a path toward a future in alternative energy and other geoscience-related careers. Geoscientists are needed for research and development in areas of geothermal science, minerals and mining, and carbon and energy storage. They also are needed for projects that require knowledge of geology, subsurface imaging, reservoir development, satellite mapping, geotraining, multiphysics and smart data solutions.
These days, more uncertain than the price of gas, especially with the announcement last month from
the administration to ban the import of Russian oil and gas, combined with the European Union’s decision to cut imports by 80 percent, is the question of whether the world will get the energy it needs – and who will provide it.
To that end, it’s worth considering what conventional oil and gas reservoirs here in America can be drilled and placed online quickly to help fill that need.
When the International Petroleum Technology Conference comes to Saudi Arabia in February, the technical program will include a significant look at both unconventional oil and gas and conventional tight oil in the Middle East. Those are two different concepts in the region and the distinctions are important. The Middle East holds a large conventional tight oil resource, now emerging as a serious focus for development. With so much recent attention devoted to unconventional resources, conventional tight oil could be considered an overlooked sibling.
Before unconventional resources became prevalent in the global petroleum supply, deepwater exploration and development was a significant focus for many larger companies. For deepwater activities to succeed, the petroleum industry was forced to merge its above-ground concerns with the below-ground geoscience and engineering disciplines.
What is “unconventional wisdom?” It’s the wisdom obtained from half a century of important conferences organized by the AAPG Eastern Section, founded in 1971, which recently celebrated at its 50th annual conference in Pittsburgh. The Pittsburgh Geological Society, founded in 1945, co-hosted the conference with the Pittsburgh Association of Petroleum Geologists, created in 1984. “The theme ‘Unconventional Wisdom’ is intended to reflect not only the unconventional resources and reservoirs that have brought life to the Appalachian basin, but also to appreciate the broad heritage of our science and vocation,” said conference General Chair John Corbett.
Natural gas was first commercially discovered in the San Juan Basin of New Mexico in 1921, making this year the Basin’s centennial. The first San Juan Basin natural gas strike occurred one mile south of Aztec, N.M., when the Aztec Oil Syndicate completed their No. 1 State. Production was found at a depth of about 1,000 feet. The gas discovered south of Aztec was piped into town and used domestically throughout most of the 1920s. This was the first commercial use of natural gas in New Mexico or the San Juan Basin. Located in northwest New Mexico and southwest Colorado, the San Juan is one of the largest gas basins in the United States, along with the Marcellus in the Appalachian Basin and the greater Hugoton Field of Texas, Oklahoma and Kansas.
“The beauty of the unconventionals is, while they’re expensive, we know where they are.” That’s Carlos Torres-Verdin, Brian James Jennings memorial endowed chair and Zarrow centennial professor of petroleum engineering at the University of Texas at Austin, talking about the promise of unconventional energy production in the United States, both from an industry standpoint and with a view to its position in the country’s future energy mix. According to a study by the Harvard University Business School, by 2030, 3.8 million jobs, half of which would be accessible to middle-skilled workers, could potentially be supported by the development of unconventional resources.
Increasing global concern about climate change and its impact on the environment and society has led to a variety of strategies to reduce carbon dioxide emissions and to remove CO₂ from the atmosphere and find places to store it. Many companies are hard at work to perfect methods of carbon capture, use, and storage. Franek Hasiuk, associate scientist at Kansas Geological Survey, said CCUS is the best technology available to reduce emissions produced by the global economy. Hasiuk is part of a team of scientists working on the Integrated Midcontinent Stacked Carbon Storage Hub, a project to investigate subsurface geology in southwest Kansas and southwest Nebraska and demonstrate the viability of injecting CO₂ into underground rock layers.
Unconventional resource development has a remarkable history, combining breakthroughs and advances in both technology and geoscience. The pace of progress might have slowed in recent years, but that history is still being written.
This e-symposium will focus on how surface geochemical surveys and Downhole Geochemical Imaging technologies can be utilized jointly to directly characterize the composition of hydrocarbons vertically through the prospect section.
This presentation will look at well placement vertically in the pay, well azimuth and well trajectory with explanations of how geology and post-depositional effects can make the difference between a successful well and a failure.
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.
This course introduces the learner to the fundamentals of shale gas, including current theories that explain its origin, and how to determine which reservoirs are commercially viable.
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.
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.
The presentation will focus on hydraulic fracture geometry in shales, the materials used in the fracturing process, and treatment monitoring via microseismic.
Panelists will discuss current unconventional resource activities in North America, including key plays that remain competitive and potential for future growth. They also will address the key challenges for unconventional resources to stay competitive in the global market: maintaining cashflow, reducing expenditures, improving capital and production efficiencies and managing resources.
Virtual Forum to be presented via Zoom.
Upon successful completion of this course, you will be able to describe geomechanics in shale reservoirs and discuss differences between plays.
The goal of this e-symposium is to provide an overview of the latest trends and technologies for water management for oil and gas drilling, completions, and production.
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