NEWS FLASH: AAPG - SPE MERGER VOTE POSTPONED
The proposed merger of AAPG and SPE has been postponed for an indefinite period of time. The need for change to assure survival will remain. Every AAPG Member must determine and express their own opinion.
LETTERS TO THE EDITOR
We have TWO actual Letters to the Editor this month, both addressing this very subject of the proposed
AAPG - SPE merger. Just to be clear, the HGS Bulletin welcomes all points of view. The Bulletin provides an objective forum for ALL HGS members who wish to express their opinions, either pro or con.
PRICE HEADLINES
War in Central Europe and the depths of Winter are inching prices higher, worldwide. As of this writing, WTI is above $115, Brent is above $120 and Natural Gas is has fallen [only in the USA] to the mid and upper $4.00 per MCF range.
The HGS Virtual International Evening Meeting presentation is from Dr. Art Berman, on Monday, February 28, 2022. Art’s talk is titled: ‘Oil & Gas Prices, Inflation, & Supply Chains: The Long Emergency’ Dr. Berman will address these interrelated effects of pandemic related shortages and supply chain disruptions, complicated by Geopolitical tensions, and wild swings in Commodity trading, resulting in severe price volatility. Don’t miss this one!
HGS Emeritus Member and Author Dr. Marc Helsinger continues with his third installment of applying Sequence Stratigraphic Integration to increase the Probability of Success and Risk Reduction when drilling large, untested prospects onshore in the Gulf Coast and worldwide.
HGS needs Educational Outreach volunteers for K-12, College and University support plus the HGS Continuing Education Committee!
Here is an immediate opportunity: HGS members and friends are needed on Saturday, March 5, 2022 for our HGS Annual Volunteer days at YMCA Camp Cullen, near Trinity, Texas. The work planned for this year includes general carpentry and painting simple graphics, so please consider donating part of your Saturday to this effort. See the adverts in the Bulletin For more information. You can sign up at the following link which provides more details: https://www.signupgenius.com/go/10c0c44aaae2fa6f94-ymca. If you have any questions, please contact HGS member John Adamick at jadamick@stauroliteconsulting.com.
HGS rejuvenates the Fine Arts committee in Spring 2022 to celebrate a cautious exit from the COVID pandemic. Longtime HGS member and Retired Shell Global Exploration Advisor Larry Garmezy’s Opening and Closing Receptions for his Solo Art Exhibition entitled “Stuck in the backyard”, opens at Archway Gallery on March 5th, 2022 from 12:00 Noon thru 8:00 PM. While “Stuck in the backyard” during the Pandemic, Larry started taking photos of the interesting shadows in his backyard pool, caused by leaves landing on the surface of the water. The most amazing thing is that Larry has used NO digital enhancement software, in ANY way, to create these beautiful images. Attendance is free, no online registration is required; masks are required in the Gallery. This will be HGS’s first Fine Arts event. Come ‘Reconnect’ with Houston geoscientists while enjoying live music and light refreshments.
Monday, 7 March, 2022 the HGS Virtual General Meeting is titled: ‘Incorporating Geoscience Uncertainty into Economic Evaluations: Concepts & Examples’; presented by Rachel Paez, 20 year Senior Principal Geoscientist in Upstream Integrated Solutions for ExxonMobil. Rachel will discuss Subsurface risk and uncertainty in petroleum geoscience, incorporating subsurface uncertainty into economic evaluations to yield Expected Monetary Value (EMV). Two examples will illustrate the application of probability-weighted economics across a spectrum of business stages and asset types: a deep-water oil prospect and an unconventional shale asset.
Wednesday, 9 March, 2022 the HGS Engineering and Environmental Group will host ‘Case Studies in Applied Engineering Geophysics’; presented by Rusty Branch, VP and Geoscientist at Gehrig, Inc. Rusty will address the application of engineering geophysics to add value to the subsurface characterization process by increasing the “sample size” and filling in the gaps between the borings. Geophysical imaging techniques can also allow scientists and engineers to obtain data in areas where it may not be feasible to install bores.
On Tuesday, 22 March, 2022, the HGS Continuing Education Committee will present an HGS Short Course: ‘Multiple Dimensions of the Future of the Energy Business: Promises, Policies, Pragmatism, Production, and Prices’; presented by William DeMis, Rochelle Court, LLC, Houston, Texas.
Bill will discuss a pragmatic energy transition, future demand and oil production, business cycles of the industry, and the economic fundamentals that will drive future oil and gas prices. The class will also address future hydrocarbon demand scenarios as well oil cycles that affect employment and the skills that will be needed to be successful in the future as our industry evolves.
On the next day, Wednesday, March 23, 2022, the HGS Virtual Luncheon will feature ‘K-AR Geochronology & Trace-Element Geochemistry’, presented by Dr. Giovanni Zanoni of the Premier Oilfield Group. Dr. Zanoni will share his insights into the sediment origin and drainage pathways in the Anadarko Basin, USA by applying K-Ar geochronology and trace-element geochemistry to reconstruct sediment origins at the peak period of subsidence of the Anadarko Basin.
On Saturday March 26th, don't forget, Longtime HGS member and Retired Shell Global Exploration Advisor Larry Garmezy’s Closing Reception for his Solo Art Exhibition entitled “Stuck in the backyard”, at Archway Gallery will be Saturday March 26th, 2022 from 6:00 PM til 9:00 PM, at the Archway Gallery, 2305 Dunlavy Houston, TX 77006. No online registration is required, Houston geoscientists while enjoying live music and light refreshments, Saturday March 26th, 2022 from 6:00 PM til 9:00 PM, at the Archway Gallery, 2305 Dunlavy Houston, TX 77006. No online registration is required on March 5th, 2022 12:00 Noon thru 8:00 PM.
For all those interested in supporting the HGS Educational Outreach Committees’ Student Expo ‘Student Expo Spring Informational Session’. This virtual event is free to register and will be held from 3:00 PM till 4:00 PM CST, on Thursday 31 March 2022. This spring event is for those students and recent grads to learn more about the Student Expo and prepare for the event coming up in the Fall! See the HGS Website and Calendar for further details.
For all those interested in supporting the HGS Educational Outreach Committees’ Student Expo ‘Student Expo Spring Informational Session’. This virtual event is free to register and will be held from 3:00 PM till 4:00 PM CST, on Thursday 31 March 2022. This spring event is for those students and recent grads to learn more about the Student Expo and prepare for the event coming up in the Fall! See the HGS Website and Calendar for further details.
We truly appreciate and thank ALL our HGS Members, Volunteers and HGS educational outreach teams! Wishing Everyone the best of health and continuing success in 2022!
HGS Editor 2021-2022
Scott C. Sechrist
Editor@ HGS.org