Tuesday, January 19, 2016

How bad is it?

Updated through 8 Jan 2016


This graph captures the current deep decline in world oil price (WTI, but Brent would be similar), North American natural gas price and North American rig count. The rig count is a macro measure of economic activity in the hydrocarbon energy sector, the center of an ecosystem of exploration and production business activity. The rig count still falling after 12 months may indicate the quickest possible recovery could be 12-18 months away.

Friday, January 8, 2016

Infographics: Economic Oil Reserves

I am always on the lookout for excellent infographics that masterfully compress complex data into readily understandable displays. Came across one today in The Economist, an interactive graph showing oil reserves for each major producing country and how it varies with oil price. Here is a static screen shot at $40 Brent crude price, about 18% above current price of $33.75:

Wednesday, January 6, 2016

Carbonate Short Course

After teaching version 1.0 of this course last year in ChinaCarbonate Essentials is being significantly updated and expanded for presentation at SEG/AAPG ICE in Barcelona on Saturday April 2, 2016 and at the EAGE Annual Meeting in Vienna on Monday May 30, 2016. Over the holiday break I reviewed and marked up nearly 80 papers and books on carbonate topics and am working the best of this into the course material. A big shout out to Gerard Wieggerink who directed me to excellent case histories on the Laconia carbonates of Malaysia. 

The figure below shows overall scope of my Carbonate Essentials short course. It is 1 day for now, but I'll be adding 2 and 3 day versions by late 2016 or early 2017.