If you are a geoscientist and under 35, the Young Professionals (YP) Special Interest Group is for you! Our Eastern Section AAPG YP Liaison is Merril Stypula, and you are invited to join us at events throughout the year. YP events are held at each ACE and Eastern Section annual meeting, as well as throughout the year, such as the ‘Pass the Baton’ event held on May 9, 2016 in Pittsburgh, PA in conjunction with the DPA. The YPs provide a great networking opportunity for all young geoscience professionals to stay connected. You may learn more by checking out the YP page on aapg.org or the YP Facebook page.
Are you planning to attend our AAPG Annual Meeting in Houston this April? If so, you are in for a treat! Aside from all of the amazing technical sessions and festivities that are planned to celebrate the 100th Anniversary of AAPG, ACE 2017 will mark an important milestone for Young Professional and Student Members by offering our first ever YP/Student Forum at the conference: Them 11 YP/Student Forum: Future of Energy Exploration, Essential Tools for the Next Generation.
When: Wednesday, April 5th from 1:15 PM to 5:05 PM
Where: George R. Brown Convention Center, Room #351
Click below for more information on the Forum + a “sneak peak” of two of the presenters abstracts.
SCOTT W. TINKER, DIRECTOR, BUREAU OF ECONOMIC GEOLOGY
The global demand for oil as a transportation fuel, and natural gas as a power- generation fuel, continues to grow. Fortunately, there is no shortage of oil and natural gas resources. Scientific innovation combined with continued advances in drilling and completion technology have revitalized the natural gas and oil industry in North America by making production from shale possible. The convergence of ideas and technology has created a commercial environment in which unconventional reservoirs could supply natural gas to the North American consumer for 50 years or more. And, although not as far along in terms of resource development, oil from the Eagle Ford and Bakken Shales and Permian Basin in West Texas could have a similar impact. Without advanced geologic understanding pore-system modeling, long-reach horizontal drilling, geosteering, staged hydraulic-fracture stimulation, synthetic and natural proppants, evolution of hydraulic-fluid chemistry, and high-end monitoring and simulation, many of these plays would not exist. Also required for success are a tolerance for risk and modern environmental practices and regulatory policies to ensure sustainability of operations.
But current practices will leave upwards of 80% of oil and natural gas behind in shale reservoirs! There is great opportunity to enhance recovery through advanced reservoir understanding and imaging, improved recompletions and infill drilling, and practices that go beyond hydraulic fracturing. The path from ideas to commercialization will continue to provide economic results in unconventional reservoirs in North America. Although there are significant challenges involved with translating this success globally, this path represents a major opportunity for Millennials in the coming decades.
LEE F. KRYSTINIK, PRESIDENT EQUUS ALLIANCE
As we close out the first century of AAPG and look forward, the unconventional resources technology revolution continues to radically change the North American and global energy picture. Major oil production spikes created by the Bakken, Eagle Ford and other developing plays will each have limited life spans, but North American oil production levels by 2065 and beyond are projected to as good as, or better than, they were in 2010. With heavy drilling and infrastructure investment, North American gas production will continue to increase for at least the next 50 years, implying gas will be the most likely “bridge fuel” toward a clean energy future that uses a higher percentage of non-hydrocarbon sources. Without that heavy investment in gas, alternative energy options will fall woefully short with respect to the BTUs required.
Implications for the global energy spectrum are being determined by the drill bit, with some multinational companies betting heavily. Access to unconventional resources in basins around the world varies greatly with political regime and with the character of the basin fill (basin size, lacustrine vs. marine shale, intensity of structural deformation, degree and uniformity of organic richness and variation in thermal maturity all matter). Distinct “haves” and “have nots” will arise as evaluation continues. Significant unconventional production is proven in Latin America, while China and Saudi Arabia work to determine the viability of their domestic unconventional opportunities and try to overcome significant technical challenges. Ultimately, the rocks and the geoscientists working them will determine the outcomes.
Global trends in population growth suggest a major increase in energy demand that will far outstrip present and projected rates of alternative energy infrastructure growth, with strong positive implications for oil and gas demand and prices over the next 50 years. Geoscientists will remain integral to the process of predicting, finding and producing energy to fuel the world well into the AAPG’s second century.