|Upcoming Events||Start Date||Online Registration Deadline|
|HGS General Dinner - Appraisal and Development of the Midland Basin Wolfcamp Shale||03-09 5:30pm||03-09 5:00am|
|GSH-SEG Annual Symposium: Exploration frontiers: New targets, new techniques||03-10 8:30am|
|IRESS 2015 Symposium - New Geological Targets, Technologies and Challenges: Our Continuing Dialogue with Industry||03-11 8:00am|
|HGS E & E - Navigating Pitfalls in Estimating Costs of Environmental Remediation Liabilities for Financial Reporting Purposes||03-11 5:30pm||03-10 12:00pm|
|HGS International Dinner - The Brazilian Equatorial Transform Margin: A Snapshot in Time of an Oblique Rifted Margin||03-16 5:30pm||03-16 5:00am|
|HGS Northsiders' Luncheon - Geomechanical and Flow Simulation of Hydraulic Fractures Using High-Resolution Passive Seismic Images||03-17 11:15am||03-16 12:00pm|
|HGS North American Dinner - Predictive Organization of Deep-Water Lobes||03-23 5:30pm||03-23 5:00am|
|HGS General Lunch: New Plays and New Players Bring New Life to the Gulf of Mexico Shelf||03-25 11:15am||03-24 5:01am|
|Webinar: An Introduction to Velocity Model Building||04-13 8:00am|
|HGS International Dinner - An Overview of Kurdistan: One of the last onshore frontiers of huge hydrocarbon potential||04-20 5:30pm||04-20 5:00am|
|HGS North American Dinner - Sequence Stratigraphic Framework for Establishing the Chronostratigraphic Relationships Between the Woodbine and Eagle Ford Groups Across Texas||04-27 5:30pm||04-27 5:00am|
|Depositional Systems and Facies Variability in the Wilcox Group in Texas Core Workshop||05-05 9:00am|
|2015 HGS AGC Geomechanics Conference - Geomechanics in Unconventionals||05-18 8:00am||05-14 12:00am|
|2015 Guest Night||06-06 7:00pm||06-05 5:00am|
|2015 HGS Skeet Shoot!||06-27 8:00am||06-26 12:00pm|
It’s a wet and cold day in January as I ponder what to expect from oil by the time you read this in March. As I look at the different web sites I see that the WTI price is $45.60 for February delivery and natural gas is $2.88 and gasoline by my house is $1.85 to $1.89. From last month, that’s down $30.00 for oil, about $0.84, and $0.84 respectively, from my ponderings last month. Goldman Sachs is calling for oil to fall to $40.00 and Bloomberg TV says that oil will make a significant recovery in two to three years. Forbes doesn’t know where the floor is but doesn’t expect oil to go above $60 through 2016. I have heard of early retirement packages, quiet layoffs, global layoffs, rig demobilizations, and budget cutbacks. Where will all of this take us?
Do You Hear or Do You Listen?
A few months ago, Ken Nemeth mentioned, in his President’s Column, that geologists harbor an intense passion for their profession. To this, I would add that we are also, as a group, quite a curious bunch. We are intrigued by incomplete data sets, challenged by trying to assemble the “jigsaw puzzle” that comes in a box without a photo on the cover, and usually not content with a partial understanding of any issue or problem.