2001 Annul Report 2012 Annual Report
Total Page：16
File Type：pdf, Size：1020Kb
20122001 ANNUAL ANNUL REPORTREPORT —— ForFor thethe FiscalFiscal YearYear JulyJuly 1,1, 2011 2001 toto JuneJune 30,30, 2012 2001 —— The American Association of Petroleum Geologists The American Association of Petroleum The Association also publishes special • Disseminating information relating Geologists was founded in 1917 during scientific publications and research data, to the geology and associated the infancy of the petroleum industry. provides student scholarships, presents technology of petroleum, natural Today the Association has approximately highly regarded education programs and gas, other subsurface fluids, and 30,000 members worldwide. Through its schools for professional geologists, and mineral resources headquarters staff, AAPG provides many offers a program of distinguished lecturers • Inspiring and maintaining a high membership services and strives to to organizations and communities. standard of professional conduct on the facilitate advancement of knowledge in AAPG was founded, and continues, as part of its members petroleum geology through publications a scientific organization dedicated to • Providing the public with means and education programs. • Advancing the science of geology, of recognition of adequately trained The monthly AAPG Bulletin is widely especially as it relates to petroleum, and professionally responsible considered a leading scientific journal in natural gas, other subsurface fluids, and petroleum geologists petroleum geology. The AAPG Explorer, a mineral resources • Advancing the professional well-being monthly tabloid, is the Association’s • Promoting technology for exploring of its members vehicle for timely information and for, finding, and producing these materials AAPG does not “speak” for insights into the industry in general. The in an economically and environmentally the oil industry, but for its individual AAPG Web site, located at www.aapg.org, sound manner members—explorationists who provides association and professional • Fostering the spirit of scientific seek and find hydrocarbon information. research throughout its membership resources. Founders of AAPG William F. Absher E. DeGolyer L.L. Hutchison Forest R. Rees Walter J. Allen Alexander Deussen C.E. Hyde Robert J. Riggs J.M. Armstrong W.E. Dodge Harry R. Johnson Charles H. Row F.L. Aurin L.G. Donnelly William Kennedy Paul Ruedemann R.F. Baker N.F. Drake Grady Kirby J.M. Sands John G. Bartram H.D. Easton Charles T. Kirk E.W. Scudder Mowry Bates Charles R. Eckes William C. Kite C.L. Severy C. Max Bauer A.E. Fath Marvin Lee C.W. Shannon Albert L. Beekly Otto A. Fischer Raymond Leibensperger Walter M. Small Walter R. Berger F. Julius Fohs J. Whitney Lewis Carl D. Smith W. Grant Blanchard Thomas J. Galbraith Harve Loomis L.B. Snider Ed Bloesch James H. Gardner Hugh J. Mackay L.C. Snider James P. Bowen D.L. Garrett Alex W. McCoy W.C. Spooner Robert Wesley Brown Robert E. Garrett Edgar W. McCrary Dean M. Stacy Alan Bruyer H.B. Goodrich A. Stafford McCullough Charles H. Taylor Frank Bryan Charles N. Gould H. Harper McKee J. Elmer Thomas H.A. Buehler Frank C. Greene M.G. Mehl L.E. Trout George E. Burton Dorsey Hager George H. Meyers Johan A. Udden Frank Buttram Chester A. Hammil William J. Millard Herbert N. Uri W.R. Calvert Burton Hartley V.E. Monnett M.M. Valerius Everett Carpenter Huntsman Haworth Raymond C. Moore W.A.J.M. van Water Albert S. Clinkscales R.S. Hazeltine Francis P. Mulky schoot van der Gracht R.A. Conkling K.C. Heald M.J. Munn V.V. Waite Clifton S. Corbett Bryan Hendon Jerry B. Newby Lucian Walker G.H. Cox John M. Herald D.W. Ohern K.D. White E.J. Cragoe Earle P. Hindes E.C. Parker Earl V. Whitwell A.F. Crider Charles W. Honess Irving Perrine A.J. Williams C.L. Cumming Joseph S. Hook G.C. Potter E.G. Woodruf Edward Hardin Davis J.V. Howell Sidney Powers W.E. Wrather L.R. Dawson Richard Hughes Wallace E. Pratt Harry F. Wright Charles E. Decker V.H. Hughes Sylvan S. Price These names are taken from the bronze plaque in the AAPG Headquarters building, Tulsa, Oklahoma, dedicated on March 20, 1953, to the Founders of the Association—Lawrence Tenney Stevens, sculptor. AAPG BULLETIN, V. 96, NO. 12 (DECEMBER 2012), PP. 2321–2388 2321 Reports of the Officers, Advisory Council, and House of Delegates President information almost instantly around the our influence as a professional society My year as President began a little earlier world. This transformation in digital internationally. offerings will take 2–3 years, but I think than usual. Two events that occurred Reconsidering membership this is absolutely essential to our future during the previous president’s term requirements extended well into my term. ability to entice new members and retain current members. With these capabilities, The movement towards membership Executive Director Search we could reach the full potential of simplification that began several years First, the search for Rick Fritz’ replacement began in March 2011 and was completed in early August with the hiring of David Curtiss as Executive Statement of Income and Expenses Director and David Lange as the Deputy Executive Director. The ad hoc search General Fund General Fund Budget committee was chaired by David Rensink FY 2010–11 FY 2011–12 FY 2011–12 and comprised the 2010–2011 Operating Income Executive Committee (David Hawk, chair- HOD; Alfredo Guzman, VP regions; Dues $2,277,034.00 $2,253,988.00 $2,211,950.00 Bill Houston, secretary; Marv Brittenham, BULLETIN Subscriptions 261,975.00 253,634.00 236,400.00 VP sections; Jim McGhay, treasurer) and Advertising Income 1,576,026.00 1,818,429.00 1,538,562.00 Steve Laubach, elected editor). Bill Fisher, Sales of Publications 526,430.00 771,011.00 532,920.00 representing the AAPG Foundation, also Interest and Dividends 354,315.00 554,058.00 370,000.00 served on the search committee. I Investment Income from NAPE 540,626.00 594,139.00 543,000.00 Education and Misc. Service Fees 3,209,971.00 4,266,262.00 3,890,425.00 served as vice chair of the Search Conferences and Meetings 6,483,115.00 5,872,063.00 5,220,381.00 Committee. Page Contributions 4,820.00 8,061.00 5,400.00 Budget Gain (Loss) on Datapages 170,998.00 219,026.00 54,105.00 Second, at our preliminary budget Gain (Loss) on International Pavilion 35,400.00 77,962.00 48,000.00 meeting in May 25, 2011, the original Grant Income 1,030,385.00 1,140,313.00 1,076,352.00 estimate of the FY 2012 budget was Miscellaneous 804,003.00 364,525.00 470,960.00 about a $1.3 million deficit. Clearly we TOTAL OPERATING INCOME: 17,275,098.00 18,193,471.00 16,198,455.00 began the year with many serious Operating Expenses challenges. AAPG staff and Jim McGhay, treasurer, worked hard to reduce the Salaries $3,864,380.00 4,027,574.00 3,880,055.00 budget deficit to about $0.3 by end of Employee Benefits 1,655,516.00 1,636,726.00 1,417,683.00 fiscal year. That was a pretty stunning Publishing Cost of BULLETIN 218,993.00 155,408.00 228,000.00 accomplishment, and kudos to all of them. Publishing Cost of EXPLORER 198,438.00 216,292.00 230,800.00 Cost of Special Publications Sold 237,135.00 233,623.00 194,903.00 Strategic plan General Office Expense 1,032,947.00 942,681.00 1,117,267.00 The strategic plan was finished by the Postage and Shipping 642,718.00 708,330.00 688,060.00 AC for discussion in August; its major Building Expense 296,513.00 279,386.00 287,255.00 points were reviewed at the August Professional Fees 1,971,971.00 1,377,203.00 2,246,757.00 2011 Leadership Days Conference held Staff Travel 357,403.00 352,740.00 440,879.00 in Boulder. The entire document was Professional Travel 1,379,618.00 1,063,348.00 1,553,507.00 uploaded for membership review, and Conferences and Meetings 3,223,687.00 5,058,420.00 3,855,715.00 discussed in the November President’s Depreciation 167,062.00 197,650.00 172,292.00 column. Three key recurring themes AGI Dues 12,455.00 61,871.00 72,000.00 were discussed during the year by the Meeting Presence / Display 5,917.00 48.00 12,652.00 EC: (1) how do we best advance our Miscellaneous Grants and Awards 224,728.00 226,795.00 366,235.00 science, (2) how do we educate the Miscellaneous 492,869.00 411,209.00 580,949.00 public awareness and understanding; and TOTAL OPERATING EXPENSES: 15,982,350.00 16,949,304.00 17,345,009.00 (3) how do we grow our membership Income (loss) from Operations $1,292,748.00 $1,244,167.00 $(1,146,554).00 and improve our member services. BALANCE SHEET SUMMARY Digital offerings The EC spent considerable time Assets $17,158,053.00 $17,208,169.00 discussing all of AAPG’s digital offerings, Liabilities 4,835,049.00 7,164,719.00 and how we might improve our Fund Balance 12,323,004.00 10,043,450.00 offerings, including Bulletin, Website, Datapages and digital delivery, Search TOTAL LIABILITIES & FUND BALANCE $17,158,053.00 $17,208,169.00 and Discovery, and integrating GIS into all of our deliverables. We now have The figures reflected above in the FY 2011–2012 are preliminary, as the audit, and the audit of all the required affiliates and subsidiaries has not been completed at the time this statement went to print.