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September 2007 Explorer

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September 2007 Explorer Vol. 28, No. 9 September 2007 Synergy Our unique spectrum of superior geophysical technology now brings you the best insight. cggveritas.com SEPTEMBER 2007 3 On the cover: For our annual Geophysical Review, two photos that capture the world of today’s seismic crews. The camels standing in a line by their cables were snapped in Algeria; the vaguely similar trucks were on duty near Bakersfield, Calif. Photos by Global Geophysical Services. ‘Climate’ Cools With Revised Statements Think again: Starting your own successful company is rarely 6 By WILLARD “WILL”GREEN Environmental Geoscience journal and limited to having a good idea. Entrepreneurship requires more. What’s the easiest way to enter a possibly the EXPLORER. heated argument with your co-worker, Provide technical content in the Working for a living, big time: Geophysical crews all over 12 neighbor or perhaps even your spouse? forms of technical programs at meetings, the world are keeping real busy these days. Just start talking about the range of special publications and DEG journal possible reasons for the climate changes articles. we have recorded in the past century. Recommend Don’t feel bad if you haven’t grasped the uses and benefits 18 In my memory no subject has drawn updates for AAPG’s of – you’re not such heated discussion (e-mail, for position paper to geophysical tools in unconventional plays current times) since the long-settled the Executive alone. But here’s something you need to know. issue of continental drift. Committee. AAPG members debated the Monitor an Seismic. Cables. You can’t have one without the other, right? probable causes for climate changes by ongoing AAPG 24 e-mail and Web discussion for almost Web forum on Not exactly. Get ready for the “cableless world” – and realize two years. The Executive Committee global climate that seismic tools of the future are having an impact now. recognized that a number of members change and were not in agreement with our existing potential solutions. The considerable hype about the action climate change position paper. Then- Determine Canadian oil sands 30 president Lee Billingsley appointed a topics for FAQs and just keeps escalating – with good reason. very talented seven-member ad-hoc Green write the discussion committee chaired by Jay Gregg in with references. When is drilling for oil and finding water a good thing? If you January 2007 with the charge of writing a Members will be notified when the 34 proposed climate change statement. Web forum is open. said “never,” consider the Texas geologists who discovered We all owe that committee a vote of getting into hot water isn’t always bad. thanks for their many hours of *** deliberation. The proposed statement was posted The DPA Governmental Affairs AAPG’s Distinguished Lecture program wants to cover the 44 on our Web site and open for comments Committee has written and the Executive world with talks that are serious, challenging and, sometimes, for 30 days. We received 93 responses Committee has approved, with relatively just plain fun. that ranged from one end of the opinion minor editing, statements addressing 13 spectrum to the other, with a number in other issues. These statements are titled: the middle ground. Atlantic Outer Continental Shelf Sudden impact: The Barnett Shale play is generating wealth 46 With the member comments in mind, Resources that goes far beyond the immediate oil industry. the DPA Governmental Affairs Committee Hydraulic Fracturing (Carl Smith, chair) and Lee Billingsley Preservation of Geological and wrote a revised Climate Change Geophysical Data Meet America’s top geologist: AAPG member Mark Myers 50 Statement. This statement, with minor National Petroleum Reserve-Alaska talks about being director of the U.S. Geological Survey. changes by the EC, was approved in Access mid-July and posted on the Web site on Arctic National Wildlife Refuge July 20, and printed in the August Access EXPLORER. United States National Energy What a process! I invite each of you Supply to log on and read the statement. Tax Reform Geophysical Corner www.Update 54 64 Natural Gas Supply Concerns Washington Watch 55 Membership and Certification 67 *** Reformation of the Endangered Species Act Foundation Update 58 Readers’ Forum 68 But that’s not the end. Reformation of the Clean Water The EC also approved a new Act-Wetlands Access In Memory 59 Classified Ads 69 standing committee called the Global Offshore OCS Access Climate Change Solutions Committee. Research and Development Needs Regions and Sections 60 Director’s Corner 70 The committee will be composed of 12 Oil and Gas Workforce Needs in members recommended to the president the 21st Century Professional News Briefs DEG Column 63 70 – three from each of the three Divisions, – Meetings of Note 63 with the chair from the Division of All of these recently revised Environmental Geosciences – and three statements can` be found on the AAPG recommended by the EC. Web site. To access the statements, click The committee should be in place by on “AAPG Short Cuts” at the top of the the end of September. home page, then on “AAPG Statements” AAPG Headquarters – 1-800-364-2274 (U.S. & Canada only), others 1-918-584-2555 The committee’s main charge is to from the pull down menu. The Executive Communications Director Correspondents Advertising Coordinator promote and facilitate various fields of Committee will review all statements at Larry Nation David Brown Brenda Merideth geologic study that relate to global least every three years. e-mail: [email protected] Louise S. Durham P.O. Box 979 climate change and potential solutions. Barry Friedman Tulsa, Okla. 74101 Means of accomplishing the charge Buona sera. Managing Editor Ken Milam telephone: (918) 560-2647 (mission statement) are: Vern Stefanic (U.S. and Canada only: Communicate timely information on e-mail: [email protected] Graphics/Production 1-800-288-7636) the topic to members and the public. Rusty Johnson (Note:The above number is for The communication forums will ideally be Editorial Assistant e-mail: [email protected] advertising purposes only.) the AAPG Web site, DEG’s Susie Moore fax: (918) 560-2636 e-mail: [email protected] e-mail: [email protected] AAPG Eyes Cape Town in 2008 Vol. 28, No. 9 The AAPG EXPLORER (ISSN 0195-2986) is published monthly for members. Published at AAPG headquarters, 1444 S. Boulder Ave., P.O. Box 979, Tulsa, Okla. 74101, (918) 584-2555. e-mail address: [email protected] Periodicals postage paid at Tulsa, Okla., and at additional mailing offices. Printed in the U.S.A. AAPG will return to Africa for the 2008 Organizers are planning for a wide- Note to members: $6 of annual dues pays for one year’s subscription to the EXPLORER. Airmail service for members: International Conference and Exhibition, ranging technical program, field trips to $45. Subscription rates for non-members: $63 for 12 issues; add $67 for airmail service. Advertising rates: Contact Brenda Merideth, AAPG headquarters. Subscriptions: Contact Veta McCoy, AAPG headquarters. Unsolicited with the announcement of the Oct. 26-29 world-class deepwater sediment sites manuscripts, photographs and videos must be accompanied by a stamped, self-addressed envelope to ensure return. meeting in Cape Town, South Africa. and other activities that will take The American Association of Petroleum Geologists (AAPG) does not endorse or recommend any products or services The theme is “African Energy – advantage of South Africa’s culture and that may be cited, used or discussed in AAPG publications or in presentations at events associated with AAPG. Global Impact.” The general chair is geology. Copyright 2007 by the American Association of Petroleum Geologists. All rights reserved. Sipho Mkhize, and the vice chair is Jeff Other details – including abstract Aldrich. Both are with PetroSA. deadline information – will be highlighted POSTMASTER: Please send address changes to AAPG EXPLORER, P.O. Box 979, Tulsa, Okla. 74101. AAPG last held its international in an ad in the October EXPLORER, and Canada Publication Number 40046336. meeting in Africa in 2002, in Cairo, ongoing updates will be available on Canadian returns to: Station A, P.O. Box 54, Windsor, Ontario N9A 6J5 e-mail: [email protected] Egypt. www.aapg.org. J SEPTEMBER 2007 4 SEPTEMBER 2007 5 SEPTEMBER 2007 6 ‘Know Thyself’ – and Don’t Trip Stepping Out? Step Out Smartly By DAVID BROWN company is going to be built around a bottom line – and watching out for those EXPLORER Correspondent new technology. that could threaten it, he advised. You’ve finally decided to go Start-ups can become infatuated with “What are the new technologies out independent, to start your own a specific technology but lose sight of there that will impact my business? What business. profitable results. can help me or what can hurt me?” And the best thing is, you “At the end of the day, technology is Ireland said. have a great idea. nice – but it’s only important to the While investment money might be That could be your first degree it can create value,” Ireland bountiful today, the oil industry is famous mistake. warned. for its highly leveraged operations. “Evidence pretty strongly An entrepreneur will do Companies may take on far too much suggests that entrepreneurs will better to monitor emerging debt or financial obligation in good spot an idea and fail to test that technologies, choosing times, then struggle or fail in a downturn. idea. An idea is not the same as those that benefit the “The more leveraged you become, an opportunity,” said R. Duane the more constrained the firm is. That Ireland. can be a huge, gargantuan risk that can “That can really be an issue drag down a venture,” Ireland said.
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