HGS - Houston Geological Society

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

From the President - March 2015


Presidential Ponderings

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?

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From the Editor - March 2015


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.

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