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Tuesday, February 14th Joint DGGS Luncheon - "Locating High-productivity Areas of Tight Gas-Sand Reservoirs using LF Seismic Surveys at Jonah and Pindale Fields"  by Brad Birkelo of Spectraseis      

Distinguished Instructor Short Course (DISC),  Tuesday, April 17, 2012:  "Elements of Seismic Dispersion: A somewhat practical guide to frequency-dependent phenomena"  by Dr.  Christopher L. Liner, University of Houston 

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January 3, 2012

“Armageddon 2012?  Probably Not.”

Question: while you were at your New Year’s Eve festivities, how many times did the apocalyptic, 2012-related predictions of the Mayans or Nostradamus come up in conversation? It seems like everyone is forecasting gloom and doom for 2012, particularly on the heels of a 2011 that seemed to many to be one of the craziest years on record. Our industry sustained a massive black eye as a result of the highly publicized Deepwater Horizon disaster and there were more “regime changes” in the Middle East than I can remember. The American public learned what “hydraulic fracturing” is and was told to despise it by the media. Still, with all the perceived turmoil on the surface, was 2011 really that bad for the oil business? 

On January 1^st, 2011, WTI oil was trading in the mid-nineties per barrel. After cresting on the high side of $110/bbl in May, and things bottoming out below $80/bbl in October, we finished the year right back where we started at $98/bbl. On January 1^st, 2011, natural gas prices were just over $4. A year later, gas is sitting at just under $3. So, oil held its value and gas continued its downward spiral… surprise, surprise. I believe we can anticipate more of the same for 2012. Oil prices will continue to fluctuate based on all sorts of factors, but will ultimately end up in the same general vicinity we are in now. Natural gas prices will continue to fall as seemingly ever-increasing supplies continue to outpace demand. Say what you want about December 21^st, 2012 being the end of the world; I’ll bet we just keep on making hole.

Also, I would like to extend a hearty “Thank you!” on behalf of our membership to Al Berroteran (Geophysical) and Jason Wallgren (Geological) for putting together a wonderful evening at the annual DGGS Holiday Party… a great time was had by all!  Corporate sponsors for the event are listed at   http://www.dgsdallas.org/en/cev/300  

Finally, please join me at the EMGI on Thursday, January 19^th where Jamie Rich of Devon Energy will present “Unconventional Geophysics: Unique Approaches for Unique Problems.” This talk was given at the Houston GS in November and I understand that it was very well-received by a large crowd. We haven’t had a luncheon since November, so let’s fill the room for Jamie!  Registration is open at http://www.dgsdallas.org/en/cev/285 

Best wishes for a prosperous new year,