tag:blogger.com,1999:blog-54469624947994392592024-03-05T02:57:23.437-06:00Upstream Petroleum BlogThe official company blog for Subsurface Consultants & Associates, LLC (SCA), a worldwide leader in upstream petroleum consultancy and training services.SCAhttp://www.blogger.com/profile/11662740956641911432noreply@blogger.comBlogger19125tag:blogger.com,1999:blog-5446962494799439259.post-2297610457929093142013-05-20T13:15:00.002-05:002013-05-20T13:15:22.862-05:00We've moved!The Upstream Petroleum Blog has now moved to SCA's <a href="http://www.scacompanies.com/" target="_blank">company website</a>. Please continue to follow us at the new link:<br />
<br />
<a href="http://scacompanies.com/blog/">http://scacompanies.com/blog/</a>SCAhttp://www.blogger.com/profile/11662740956641911432noreply@blogger.com0tag:blogger.com,1999:blog-5446962494799439259.post-87832916062806403272013-03-07T08:54:00.000-06:002013-03-07T08:54:37.806-06:00More thoughts on the "Ten Habits"Our popular April 2012 blog entry, "<a href="http://scablogs.blogspot.com/2012/04/ten-habits-of-highly-successful-oil.html" target="_blank">The Ten Habits of Highly Successful Oil Finders</a>" has received some positive press lately. As the basis of a talk, the habits were presented at the AAPG Playmaker Forum in Houston this past January, and were also covered in the <a href="http://fuelfix.com/blog/2013/01/24/consultant-shares-tips-for-success-in-oil-field/" target="_blank">Houston Chronicle</a>. Now, we are honored to report that the habits, as conceived by Dan Tearpock and colleague Bob Shoup, are featured in the March 2013 edition of the<a href="http://www.aapg.org/explorer/2013/03mar/index.cfm" target="_blank"> AAPG Explorer</a>. <br />
<br />
In the article, SCA Founder and Chairman Emeritus Dan Tearpock delves further into the value and importance of what is also referred to as a "philosophical doctrine" guiding his and <a href="http://www.scacompanies.com/index.html" target="_blank">his company's</a> professional activities. We invite you to review some excerpts (please see the full article <a href="http://www.aapg.org/explorer/2013/03mar/spotlight0313.cfm?zbrandid=4051&zidType=CH&zid=15737958&zsubscriberId=1001008337&zbdom=http://aapg.informz.net" target="_blank">here</a>):<br />
<blockquote class="tr_bq">
"Developing a successful product, i.e. good prospect, is only part of the value of the 10 habits; they can be used in both directions. </blockquote>
<blockquote class="tr_bq">
'If you drill a dry hole, the company asks what went wrong and they may hire an expert to come in and reverse engineer the prospect, tear it apart to find where the mistakes were to cause a dry hole,' Tearpock noted.'We call this step forensic geology. </blockquote>
<blockquote class="tr_bq">
'They may find you didn’t use the 10 habits correctly, so you made a mistake in interpretation and drilled a dry hole. </blockquote>
<blockquote class="tr_bq">
'That’s the marvelous aspect of this philosophical doctrine and the habits in it,” he said. “It can be used both ways. </blockquote>
<blockquote class="tr_bq">
'What some people do is when they drill successful wells, they tear them apart and see what the team did to drill this successful well,” Tearpock said. 'They use the habits again to go in and see what they did and then find they pretty much followed a philosophy similar to these habits – and that’s why they had success.'</blockquote>
<blockquote class="tr_bq">
Tearpock is quick to note that this philosophical doctrine is not exclusive to SCA. </blockquote>
<blockquote class="tr_bq">
'Some people have come up with these habits on their own,” he said, “and I don’t know how many.' <br />
<h4>
</h4>
</blockquote>
He also cites a real-world example from his own experience leading SCA:<br />
<blockquote class="tr_bq">
"SCA sent out three teams for four months and evaluated a hundred proposed prospects, along with some of the dry holes from earlier. They determined what the explorationists were doing wrong. </blockquote>
<blockquote class="tr_bq">
'For the most part they weren’t using the habits at all, except for the European division working the North Sea, which was running at an 85 percent success rate on exploration prospects,” Tearpock said. </blockquote>
<blockquote class="tr_bq">
'This group had a 150-page manual that was literally like taking our 10 habits and expanding on them to a great degree. </blockquote>
<blockquote class="tr_bq">
'We found that the VP of exploration and several other explorationists there had come from the company that originally conducted the study of why certain people and teams are more successful than others,' he said. </blockquote>
<blockquote class="tr_bq">
'They brought that knowledge with them to their new company, put it into practice and showed the success it can provide' Tearpock noted."</blockquote>
We are pleased that the Ten Habits continue to inspire discussion. Are there examples you can share of when the application of the habits or philosophical doctrine has contributed to exploration success in your professional life? Or alternatively, when neglecting the habits has resulted in dry holes or less successful results?<br />
<blockquote class="tr_bq">
<br /></blockquote>
SCAhttp://www.blogger.com/profile/11662740956641911432noreply@blogger.com0tag:blogger.com,1999:blog-5446962494799439259.post-10595800334815128282013-01-09T09:38:00.000-06:002013-01-09T10:53:04.224-06:00Reducing Dry Holes<i>The following article is taken from SCA's 4th Quarter GeoLOGIC newsletter. Click <a href="http://www.scacompanies.com/publications/newsletters/archives/GeoLOGIC-2012-Q3Q4.pdf" target="_blank">here </a>for the full publication. </i><br />
<br />
<b>Reducing Dry Holes</b><br />
by Daniel J. Tearpock and Robert C. Shoup<br />
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Every year, our industry loses hundreds of millions
of dollars on dry holes. Many of those dry holes are the result of interpretations
and maps that are incorrect. As such, many of those dry holes could have been
avoided by critically reviewing the final prospect maps and data used, using
the “Quick Look Techniques” developed by <a href="http://www.scacompanies.com/" target="_blank">Subsurface Consultants & Associates, LLC</a>, before the wells were drilled. </div>
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One of the more common mistakes we see when
reviewing maps is two or more faults connected incorrectly as one. When this is
done, any traps associated with the fault pattern are incorrectly interpreted
and mapped; dry holes or uneconomic wells waiting to happen. There are several
Quick Look Techniques you can use to ensure that faults have been interpreted
and mapped correctly. In this article, we will discuss one of the more powerful
QLTs: <b>implied fault strike.<o:p></o:p></b></div>
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Before discussing implied fault strike, we first
need to review fault traces. </div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzCixfO_lKoGZIc3Td-sCtji9lXhn8ii9WuqOjPukM_-BpLMc2mGFT47kJzfh5Q92SeU5Os4hWVyAQGbultghDldduGuruVlG1OGmcPxsLMJipDd6RZKlPDg5LJFRTRK33dsz6Upvtbvqp/s1600/Reducing+Dry+Holes-1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzCixfO_lKoGZIc3Td-sCtji9lXhn8ii9WuqOjPukM_-BpLMc2mGFT47kJzfh5Q92SeU5Os4hWVyAQGbultghDldduGuruVlG1OGmcPxsLMJipDd6RZKlPDg5LJFRTRK33dsz6Upvtbvqp/s320/Reducing+Dry+Holes-1.jpg" width="233" /></a></div>
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Figure 1 (above) shows the fault surface map for Fault A.
Note that the strike of Fault A is north to south with a slight westward
curvature.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAerwTqICtt5CPV1_NJ71Z2ZSV_QFeKwg3kZxgOL9gHOSiKmnS4d_08hjbexH4T_p69Aa3V9kpuGXyBTzbJG27qIizqRBoJFFDl5aOjjWx5PUKKR_6RDwrohaaKTa5QJkJ5fHLMzlm-QjJ/s1600/Reducing+Dry+Holes-2.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="302" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAerwTqICtt5CPV1_NJ71Z2ZSV_QFeKwg3kZxgOL9gHOSiKmnS4d_08hjbexH4T_p69Aa3V9kpuGXyBTzbJG27qIizqRBoJFFDl5aOjjWx5PUKKR_6RDwrohaaKTa5QJkJ5fHLMzlm-QjJ/s320/Reducing+Dry+Holes-2.jpg" width="320" /></a></div>
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Figure 2 (above) shows a structure map of a producing reservoir. The map
surface and the fault surface have been integrated so that the trace of Fault A
on the final map has been positioned correctly and the width of the fault gap
has been properly defined. Note that the orientation of the fault trace of
Fault A is north to south with a slight eastward curvature. Since the fault
trace on the completed map is the intersection of the fault surface with the
horizon surface, the fault trace will not have the same orientation as the
fault surface. With steeply dipping beds, the orientation of the fault trace
can be almost ninety degrees to the strike of the fault surface.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiCIiccX7FZoiYImdKUBqTzzdVfbE2E8RzMFtxiKWy8aRZ86IiR1dmW4U6KkBdj7z9-GMdXoFl6Pt3Ofq1nFJTQyGEU29sGZVibiStjZY_LK8CTvOo9Zgx9Iv_dKT3e4BvLx1FIou0SQRRu/s1600/Reducing+Dry+Holes-3.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="238" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiCIiccX7FZoiYImdKUBqTzzdVfbE2E8RzMFtxiKWy8aRZ86IiR1dmW4U6KkBdj7z9-GMdXoFl6Pt3Ofq1nFJTQyGEU29sGZVibiStjZY_LK8CTvOo9Zgx9Iv_dKT3e4BvLx1FIou0SQRRu/s320/Reducing+Dry+Holes-3.jpg" width="320" /></a></div>
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Figure 3 shows a 3D perspective of the mapped
horizon shown in Figure 2. If you examine the figure you will see for example, that
the 8600’ contour for the upthrown (footwall) block of the horizon and the 8600’
contour of the downthrown (hanging wall) block of the horizon are connected by
the 8600’ contour on the fault surface. This should occur for all contours
mapped and if we connect all horizon contours of equal value, we should be able
to generate what the fault surface looks like based on the interpretation
(Figure 4, below).<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjoM1ZCSBo1Z79IOntrnUEbHdewkTy_cqIwjwqXvO1OwdaXDRth19DWi1CEUxu4zU1pXbZsdHst-8tJWu087PX40-S1cSuUSyH_uV9EBvcLlt7YggN-YiVzMSnUpy-tA_Boj5CVStjTSlXy/s1600/Reducing+Dry+Holes-4.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="248" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjoM1ZCSBo1Z79IOntrnUEbHdewkTy_cqIwjwqXvO1OwdaXDRth19DWi1CEUxu4zU1pXbZsdHst-8tJWu087PX40-S1cSuUSyH_uV9EBvcLlt7YggN-YiVzMSnUpy-tA_Boj5CVStjTSlXy/s320/Reducing+Dry+Holes-4.jpg" width="320" /></a></div>
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You see, unfortunately today
many interpreters do not interpret or map faults. This is a major flaw in their
training or education. In most interpretation work, the major and potential trapping
faults should be interpreted and mapped first before ever attempting to tackle
the horizons. This is a fundamental principle of basic geoscience
interpretation.</div>
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In the review of many prospects, the presenters
will often not have a fault surface map to review or have not even interpreted
the fault to such a degree that a map can be made. So they have not followed
the fundamental principles of good geoscience interpretation. Therefore it is
left up to the reviewer to <i>retrogeoscience</i>
the completed map to see if the fault picture being presented is reasonable or
even possible in our three dimensional world. And thus is the prospect
geologically valid in three dimensional space.</div>
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Looking at Figure 5a, we see a structure map of a
faulted horizon. </div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg0rgNKDL2I33U_MbyYArnJYuG5GvnGyvr8dRU_WAfbXniJRg5IJYyskzP53MCTQCk3_j83Aymtvm2keHLyMYnymcNZ7R_AvZCaZcnDvBgD-lrbCxHh7lKbtfh9nAu-vEC55XuP0U2_36XF/s1600/Reducing+Dry+Holes-5a.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="264" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg0rgNKDL2I33U_MbyYArnJYuG5GvnGyvr8dRU_WAfbXniJRg5IJYyskzP53MCTQCk3_j83Aymtvm2keHLyMYnymcNZ7R_AvZCaZcnDvBgD-lrbCxHh7lKbtfh9nAu-vEC55XuP0U2_36XF/s320/Reducing+Dry+Holes-5a.jpg" width="320" /></a></div>
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Note that the fault trace exhibits a strong bend. Is the fault
trace properly mapped, or have two faults been incorrectly mapped as one?
Applying the concept of implied strike, we can see when contours of equal value
are connected (red lines, Figure 5a). The implied strike of the fault surface
is east-west. So what we have done is to generate an implied fault surface from
the completed map. This is often very surprising to geoscientists that one’s
work can be checked or verified in this way. So without seeing the supposed
fault that was used for this map, we can generate an implied fault surface. In
this case, when we overlay the fault surface map with the horizon map (Figure
5b, below) we can see that the fault trace on the map fits fairly well with the
integration of the fault surface with the horizon surface and therefore we can
conclude that the map is reasonable in three dimensional space. <br />
<br /></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhXH6xBLRD4XPcTbUnK23VHQczESwEAyLIPPeOicQ5kIa8WhMi8oQIkCCE02bglliFy0b8id74mOFLiaWlOPxSqFywfbDhbu1I1ohuUdz30iMzOMcsz8t3PvC2N1R98gIYWSlj-QHgnNIbu/s1600/Reducing+Dry+Holes-5b.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="261" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhXH6xBLRD4XPcTbUnK23VHQczESwEAyLIPPeOicQ5kIa8WhMi8oQIkCCE02bglliFy0b8id74mOFLiaWlOPxSqFywfbDhbu1I1ohuUdz30iMzOMcsz8t3PvC2N1R98gIYWSlj-QHgnNIbu/s320/Reducing+Dry+Holes-5b.jpg" width="320" /></a></div>
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This is a quick method to evaluate one aspect of an
interpretation and map. If the fault interpretation is unreasonable or impossible
based on this “Quick Look Technique”, then there is significant question as to
the reliability of the interpreted structure map. Often there is limited time
to review a prospect, or a developed field map for that matter. Therefore such
“Quick Look Techniques” are very applicable in doing one’s forensic geoscience to
evaluate the validity of interpretations and maps. </div>
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<br /></div>
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Now take a moment to look at Figure 6a. </div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhIs_MNUPpH4yofR0qjSDlVtICeuXU5dtv2MddRbdrDwuOzHjZ3aEPasoE1hkn9TntFFBjakr6E6iWNpCynxcbwjpxLsVQnatSVg5BFzMl-rIW2MDI6nq9PQuC23ZkGGMdQPlM-Sl_6a4rM/s1600/Reducing+Dry+Holes-6a.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="263" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhIs_MNUPpH4yofR0qjSDlVtICeuXU5dtv2MddRbdrDwuOzHjZ3aEPasoE1hkn9TntFFBjakr6E6iWNpCynxcbwjpxLsVQnatSVg5BFzMl-rIW2MDI6nq9PQuC23ZkGGMdQPlM-Sl_6a4rM/s320/Reducing+Dry+Holes-6a.jpg" width="320" /></a></div>
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A well has
been proposed to test the downthrown trap which is downdip of a producing
field. The trapping fault has a pronounced bend. When major bends are seen on
fault traces on structure maps a <i>red flag</i>
should go up. The question that needs to be resolved is, ‘Has the interpreter
implied that the fault surface is making this major bend, or is the fault trace
making this bend due to the integration of the fault and the horizon?” There is
a significant difference in which of these is correct.</div>
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So our question is, “Is the trapping fault properly
mapped and it is the trace that is bending on this horizon or could two faults have
been interpreted incorrectly to connect as one and then mapped as one fault due
to the misinterpretation?” Let us apply the Implied Strike Technique to this
fault. Looking at Figure 6b (below), the two red lines are the implied strike of the
14,900’ contour that intersects the fault footwall and hanging wall traces.<br />
<br /></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbvVLxo5z2C3gaCxrRLE-gAjuOzup2Il8MpLROY4BXhDbnu4oBz0TCGBC7Dlx8Bf3lbNSkD1Qv9HBkFiC0LdiCYIoLy14z7PIoUSI8LbkRfxjr2OIiLAPrZA_r_QkzOO8tnbR5Dtxy4wEM/s1600/Reducing+Dry+Holes-6b.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="263" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbvVLxo5z2C3gaCxrRLE-gAjuOzup2Il8MpLROY4BXhDbnu4oBz0TCGBC7Dlx8Bf3lbNSkD1Qv9HBkFiC0LdiCYIoLy14z7PIoUSI8LbkRfxjr2OIiLAPrZA_r_QkzOO8tnbR5Dtxy4wEM/s320/Reducing+Dry+Holes-6b.jpg" width="320" /></a></div>
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The
sharp bend in the implied strike suggests that the trapping fault is interpreted
incorrectly as the 14,900’ contours cross at the * location. Most likely the
interpreter connected two faults incorrectly as one. This significantly
increases the risk of this prospect. In fact there may not be a prospect here at
all and instead <i>it is a dry hole waiting
to happen.<o:p></o:p></i></div>
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<br /></div>
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<b>The
application of the <i>implied strike
technique</i>, along with other QLTs applied prior to drilling, may save your
company millions of dollars of dry hole costs. <a href="http://www.blogger.com/blogger.g?blogID=5446962494799439259" name="_GoBack"></a><o:p></o:p></b></div>
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<br /></div>
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<b>Article
references:<o:p></o:p></b></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 3pt; text-align: justify;">
<span style="font-family: "Arial","sans-serif"; font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">Tearpock, D.J., Bischke, R.E., and
Brewton, J.L., 1994, <i>Quick Look
Techniques for Prospect Evaluation</i>, SOG Press La., 286 p. <o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">Tearpock, D.J., and Bischke, R.E.,
2003, <i>Applied Subsurface Geological
Mapping With Structural Methods, 2nd Edition,</i> Prentice-Hall, N.J., 822 p.<o:p></o:p></span></div>
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Course
materials for “<a href="http://www.scacompanies.com/training_services/CourseDetail.aspx?courseid=20" target="_blank">Applied Subsurface Geological Mapping</a>”, instructor D.J.
Tearpock, presenting organization Subsurface Consultants & Associates, LLC</div>
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Course
materials for “<a href="http://www.scacompanies.com/training_services/CourseDetail.aspx?courseid=94" target="_blank">QAQC Skills in Subsurface Mapping</a>”, instructor D.J. Tearpock,
presenting organization Subsurface Consultants & Associates, LLC</div>
SCAhttp://www.blogger.com/profile/11662740956641911432noreply@blogger.com0tag:blogger.com,1999:blog-5446962494799439259.post-15580489976034918582012-12-03T14:09:00.001-06:002012-12-03T14:09:24.990-06:00Resume Content for Oil and Gas Professionals - What Makes the Cut?<i>This is the second of a series on effective resume preparation by SCA's upstream oil and gas recruiter, <a href="mailto:mconnor@scacompanies.com" target="_blank">Mark Connor</a>. This and other timely articles pertinent to upstream professionals may be found in the latest issue of SCA's <a href="http://www.scacompanies.com/publications/newsletters/archives/GeoLOGIC-2012-Q3Q4.pdf" target="_blank">4th Qtr GeoLOGIC</a> newsletter. </i><br />
<br />
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3rMtZEpVvpSM6TxXn0Ot85VlmJhva05nF4AmHM7B6mCjtmO89kl1vF_uWQD0go456kKxmw46GzOazrGDNwzO_zThDkaN18obF8cTUJNse_zGvINKCwBEj0PC9yDHK8JPI9DbxgboQX0va/s1600/Connor,+Mark-DSC_4635_WEB.jpg" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3rMtZEpVvpSM6TxXn0Ot85VlmJhva05nF4AmHM7B6mCjtmO89kl1vF_uWQD0go456kKxmw46GzOazrGDNwzO_zThDkaN18obF8cTUJNse_zGvINKCwBEj0PC9yDHK8JPI9DbxgboQX0va/s200/Connor,+Mark-DSC_4635_WEB.jpg" width="142" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Mark Connor</td></tr>
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Resumes have evolved significantly over the past 20 years,
due in large part to the arrival of the Computer Age and, more recently, the
social media revolution. Gone are the days when a resume would be printed on parchment
quality paper and “snail mailed” to a prospective employer. In today’s job
market, a resume is a digital document, formatted as a Word or .pdf file and attached
to a “cover letter” email. In all probability, the resume itself will soon be a
thing of the past as companies begin to explore the potential of “Profile Pages”
offered by websites such as Linkedin, and even video resumes, giving applicants
a chance to sell themselves and their backgrounds in a short video clip.</div>
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But, for the time being, the resume still has its place in
the hiring process and the information it contains needs to be more concise and accessible
than ever before. As discussed in our <a href="http://scablogs.blogspot.com/2012/05/resume-as-glorified-business-card-tips.html" target="_blank">previous article</a>, it is important to keep
in mind that your resume is likely to be screened by several people before any
interview is arranged, so information should a resume include?</div>
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Traditionally, a resume can contain information that is unnecessary
and even detrimental to your chances of being selected for interview.
Information such as marital status, names and ages of your children, religious
or political groups, your hobbies or even the current status of your health are
facts that you may feel proud to disclose, but are of little interest to a
Recruiter trying to determine your technical abilities. Personal statements can
also be a minefield – your own opinion regarding your work ethic, mentioning
the fact you always give 110% and that you are “equally capable of working alone
or as part of a team” does little to separate you from other applicants making
the same claims. For consulting positions in the Geology, Geophysics and
Reservoir Engineering community, there are only three key pieces of information
that Recruiters are looking for:</div>
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<ul>
<li><span style="font-family: Symbol; text-indent: -0.25in;"><span style="font-family: 'Times New Roman'; font-size: 7pt;"> </span></span><span style="text-indent: -0.25in;">What are your areas of specialization with your
technical discipline?</span></li>
<li><span style="text-indent: -0.25in;">What areas of the world have you worked?</span></li>
<li><span style="text-indent: -0.25in;">What software are you capable of operating</span></li>
</ul>
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When companies request a consultant, they typically have a
specific problem that needs to be resolved. It is likely to be project specific
and have defined technical deliverables with the tasks performed on whichever
software the company uses. No learning curves, no training - Hiring Managers
need a fully qualified and uniquely experienced expert to “hit the ground
running." Managers approach specialist consulting companies to identify the
right person because they know that the Consultant will be screened, vetted,
interviewed, and referenced before a resume even reaches the hiring managers
desk.</div>
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A good resume containing the right information will allow a
Recruiter (and, later, a Hiring Manager) to identify your suitability for a
specific assignment almost immediately, so focus as much of your resume<a href="" name="_GoBack"></a> as you can on the three key areas above. Keep it factual,
objective and detailed enough to supply sufficient evidence that you can
provide the solution to the company's problem. Recruiters want to place consultants just as
much as consultants want to be placed, so make sure the information is easy to access
and Recruiters and Hiring Managers will be able to match you to your next
consulting assignment time and time again. </div>
SCAhttp://www.blogger.com/profile/11662740956641911432noreply@blogger.com0tag:blogger.com,1999:blog-5446962494799439259.post-86405713234476090322012-10-30T09:54:00.001-05:002012-11-19T15:19:26.477-06:00Exploring the Ten Habits - Habit Three: Managing Your Time<i>by Bob Shoup</i><br />
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<span style="font-family: 'Times New Roman', serif; font-size: 12pt;">In SCA’s ongoing blog
series highlighting, "</span><a href="http://scablogs.blogspot.com/2012/04/ten-habits-of-highly-successful-oil.html" target="_blank"><span style="color: blue; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The Ten Habits of Highly
Successful Oil Finders</span></a><span style="font-family: 'Times New Roman', serif; font-size: 12pt;">"
we are now featuring </span><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt;">Habit
Three:<b><o:p></o:p></b></span></div>
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<b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt;">Successful oil finders plan their time and their
work in order to ensure accurate interpretations and maps.<o:p></o:p></span></b></div>
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<span style="font-family: 'Times New Roman', serif; font-size: 12pt;">You may have heard the
quote “Poor planning on your part does not constitute an emergency on my part.”
Unfortunately, in our industry, poor planning does result in dry holes - lots
of them! One of the surest ways a company can drill a string of dry holes is to
enter a rig commitment before having a portfolio of prospects that have been
accurately mapped and approved for drilling. While your manager may be
responsible for poor planning, you are responsible for the accuracy and quality
of your maps. Rushed interpretations almost always result in poorly mapped
prospects. <i>And poorly mapped prospects
are poor prospects</i>. Your ability to deliver high quality interpretations
and maps will depend on your ability to plan and manage your time.<o:p></o:p></span></div>
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<span style="font-family: 'Times New Roman', serif; font-size: 12pt;">Generally speaking,
projects have deadlines. So when you begin a project you must first decide what
work is needed, and when that work is needed. To do that, you, or your manager,
must first begin with the end in mind. What decision is needed and what are the
costs of that decision? The decision to commit hundreds of millions of dollars
to a development project requires a different level of understanding than does
a decision to spend tens of millions of dollars to drill a well, or hundreds of
thousands of dollars to buy seismic.<o:p></o:p></span></div>
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<span style="font-family: 'Times New Roman', serif; font-size: 12pt;">As an oil finder, your responsibility is to
determine how much work is needed to ensure accurate interpretations and
maps. How many wells do you need to
correlate? How much seismic do you need to interpret? How much reservoir
engineering data do you need to integrate? How many maps do you need to make?
How complicated is the geology of the area you are working in? Are there legacy
interpretations you can build on? <o:p></o:p></span></div>
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<span style="font-family: 'Times New Roman', serif; font-size: 12pt;">Once you have determined how much work is needed
to make good quality interpretations you must then determine how much time is needed
to make those interpretations. Each of us work at a different pace, so know
your pace and set realistic time frames and goals. Once this is done, go back to
management and see if the time frame you need fits with the time frame that matches
the business needs. <o:p></o:p></span></div>
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<span style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 115%;">If your business
time frame doesn’t meet your workflow time frame, then the workflow must be
adjusted. Here the “Law of Diminishing Returns” can serve as a guideline in
adjusting the decision point and the workflow. </span><span class="s3"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">The Law of Diminishing returns states that the
continued application of effort or skill toward a particular project or goal
tends to decline in effectiveness after a certain level of result has been
achieved. </span></span><span style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 115%;">In other words, at a certain point, more effort does not yield
proportionately better results. </span><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
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<span style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 115%;">In our industry an optimal decision is made when all of the available
data has been integrated into a series of final maps that are the basis for
reserve estimation. Decisions made after this point are usually decisions that
managers are agonizing over, or are avoiding, and time spent after the optimal
decision point is usually not justified (see chart below). <o:p></o:p></span></div>
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<tr><td class="tr-caption" style="text-align: center;"><i>Click image to enlarge</i></td></tr>
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<span style="font-family: 'Times New Roman', serif; font-size: 12pt;">So begin with the end in mind and tailor your
activities to meet deadlines without compromising quality. So, looking at the graphic again, work with
your manager to determine what work is needed to reach a “good” decision
point? Or, alternatively what do you
need to do to get past the point of making a bad decision. </span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%;">One
thing that can improve your efficiency as well as the quality of your
interpretations is training. SCA has an exciting training line-up featuring
short courses tailored to the requirements of upstream professionals. Review our </span><a href="http://www.scacompanies.com/training_services/allpubliccourses.aspx"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%;">training
calendar</span></a><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%;"> and take the next step towards ensuring your oil
finding career is a successful one for many years to come. <o:p></o:p></span></div>
<br />SCAhttp://www.blogger.com/profile/11662740956641911432noreply@blogger.com1tag:blogger.com,1999:blog-5446962494799439259.post-30896883657883819112012-09-06T11:10:00.000-05:002012-09-06T11:10:53.831-05:00SCA Announces Changes in LeadershipSubsurface Consultants & Associates, LLC, (SCA) announced changes in leadership earlier this week:<br />
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<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3mxwy2gMJNnFuFgeLMYiScfayEb_77YKNb2AKNErENQIdX4Ur7A6djIFzQlC4vQlSzpOHWsxcPsyfvXq06JR0wzYEfYpbsmRlljUXDNADTEd2vcPnACGw_kYCMya4H5eaKmqm-Lg2STRL/s1600/Dan+3.JPG" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img alt="" border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3mxwy2gMJNnFuFgeLMYiScfayEb_77YKNb2AKNErENQIdX4Ur7A6djIFzQlC4vQlSzpOHWsxcPsyfvXq06JR0wzYEfYpbsmRlljUXDNADTEd2vcPnACGw_kYCMya4H5eaKmqm-Lg2STRL/s320/Dan+3.JPG" title="Daniel J. Tearpock, Chairman Emeritus of SCA" width="211" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Daniel J. Tearpock<br />
Chairman Emeritus</td></tr>
</tbody></table>
Effective September 1, 2012, Daniel J. Tearpock, Founder, Chairman, and CEO of Subsurface Consultants & Associates, LLC (SCA), assumes a new role as Chairman Emeritus.<br />
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<div style="text-align: left;">
</div>
Over the past two years, Mr. Tearpock has been working with the SCA management team to hand off operational responsibilities, paving the way for a seamless transition that will result in few outward changes from the perspective of SCA’s valued clients, consultants, training experts, and employees. Hal Miller, SCA’s Vice President of Operations since joining the company in 2004, will now serve as President.<br />
<br />
Mr. Tearpock will continue to represent SCA in various official capacities, including participation in company and industry events, meetings with clients of the company, and providing expertise and guidance supporting the continued growth and enhancement of SCA’s services.<br />
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From founding the company in 1988, Mr. Tearpock has built a strong foundation of successful operations, a highly-regarded geoscience education and mentoring program, quality consulting services, and an experienced leadership team. The employees of SCA congratulate him and look forward to continuing to work with Mr. Tearpock in his new role.<br />
<br />
See the full release on SCA's website <a href="http://www.scacompanies.com/pressreleases/PressReleaseDetail.aspx?articleid=95" target="_blank">here</a>.SCAhttp://www.blogger.com/profile/11662740956641911432noreply@blogger.com0tag:blogger.com,1999:blog-5446962494799439259.post-70556294903252606402012-08-03T12:08:00.000-05:002012-11-19T15:19:39.715-06:00Exploring the Ten Habits - Habit Two: Knowing the Tectonic and Depositional Environment<i>by Bob Shoup</i><br />
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<span style="font-family: 'Times New Roman', serif; font-size: 12pt;">In SCA’s ongoing blog series highlighting, "</span><a href="http://scablogs.blogspot.com/2012/04/ten-habits-of-highly-successful-oil.html" target="_blank"><span style="color: blue; font-family: 'Times New Roman', serif; font-size: 12pt;">The Ten Habits of Highly Successful Oil Finders</span></a><span style="font-family: 'Times New Roman', serif; font-size: 12pt;">" we are now featuring </span><span style="font-family: 'Times New Roman', serif; font-size: 12pt;">Habit Two<b>: <o:p></o:p></b></span></div>
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<b><span style="font-family: 'Times New Roman', serif; font-size: 12pt;">Successful oil finders have a strong background in geology, and have a thorough knowledge of the tectonic and depositional environments for the area in which they are working.<o:p></o:p></span></b></div>
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<span style="font-family: 'Times New Roman', serif; font-size: 12pt;">Just as a strong foundation is essential to a good house, a strong background in geology is essential to being a successful oil finder. For most geoscientists, that foundation is set in school and augmented in the early stages of their career with corporate training. Unfortunately, for all too many in the industry, this is the extent of their geologic training. <o:p></o:p></span></div>
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<span style="font-family: 'Times New Roman', serif; font-size: 12pt;">Just as a well built house requires periodic maintenance to stay structurally sound, a long-term successful career as an oil finder requires continuing education. Our industry is rapidly evolving, and it is essential to stay in the know on new trends and technology. After all, how much did the majority of us </span><span style="font-family: 'Times New Roman', serif; font-size: 12pt;">know about the potential for developing hydrocarbons from shale when first starting out? Additionally, continuing education is critical when moving from one geologic setting to another.<o:p></o:p></span></div>
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<span style="font-family: 'Times New Roman', serif; font-size: 12pt;">Take for example the case of an experienced geophysicist, who shall remain unnamed. He had almost 20 years experience </span><span style="font-family: 'Times New Roman', serif; font-size: 12pt;">exploring in and mapping growth fault-related plays and prospects in the Gulf of Mexico. He was known to be a successful oil finder. But then he was transferred to a position in the North American fold and thrust belt. His first assignment was to explore in a complex thrust belt known to have fault propagation folds as the main structural style. This geophysicist had little if any training in fold and thrust belts, but being known as an oil finder, he was expected to succeed in his new assignment. </span></div>
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<span style="font-family: 'Times New Roman', serif; font-size: 12pt;">In this assignment, the geophysicist analyzed the geology not from a fold and thrust perspective, but from the extensional perspective he was familiar with. </span><span style="background-color: white; font-family: 'Times New Roman', serif; font-size: 12pt;">He mapped the key faults with listric geometry with hanging wall rollovers that have insufficient normal displacement from the structure (Figure 1A). <span style="color: #0070c0; font-family: 'Times New Roman','serif'; font-size: 12pt; line-height: 115%; mso-fareast-font-family: 'Times New Roman';"><span style="color: black;">The vertical separation is too small to make a rollover with that much structural relief.<span style="mso-spacerun: yes;"> </span>In addition, the downthrown side is higher than the upthrown side.</span></span></span><br />
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<span style="background-color: white; font-family: 'Times New Roman', serif; font-size: 12pt;">Also note that the faults associated with this fold belt are fault propagation folds. Kinematically, they propagate upward from a decollement, causing the beds at the front of the fault tip to bend or kink forward. The fault has more of a planar shape ramping upwards, often from the flat of another major fault surface (Figure 1B).</span><br />
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<span style="font-family: 'Times New Roman', serif; font-size: 12pt;">Due to using an inappropriate structural model, the interpretation was incorrect and the prospective structures were in the wrong position: dry holes waiting to happen. His colleagues challenged the resulting interpretation and maps. An audit found over 100 mistakes and mis-ties. <o:p></o:p></span></div>
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<span style="font-family: 'Times New Roman', serif; font-size: 12pt;">These career-jeopardizing mistakes could have been avoided if the geophysicist had obtained additional training</span><span style="font-family: 'Times New Roman', serif; font-size: 12pt;">. Who should have been responsible: management or the geophysicist? One could argue that the company should have seen to it that their employees had the appropriate structural training for the area in which they were assigned. However, successful oil finders <i>should take it upon themselves</i> to ensure that they have the appropriate </span><span style="font-family: 'Times New Roman', serif; font-size: 12pt;">knowledge of the tectonic and depositional environments for the area in which they are working.</span><span style="font-family: 'Times New Roman', serif; font-size: 12pt;"> This may require several additional training courses, as well as some applied mentoring before the geoscientist goes off on his or her own. <o:p></o:p></span></div>
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<span style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 115%;">Are you seeking to learn more about specific geographic regions or deepwater reservoirs? Do you need to refine your knowledge of seismic sequence stratigraphy or structural styles? SCA has an exciting training line-up featuring short courses tailored to the requirements of upstream professionals. Review our </span><a href="http://www.scacompanies.com/training_services/allpubliccourses.aspx"><span style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 115%;">training calendar</span></a><span style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 115%;"> and take the next step towards ensuring your oil finding career is a successful one for many years to come. <o:p></o:p></span></div>
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<br />SCAhttp://www.blogger.com/profile/11662740956641911432noreply@blogger.com1tag:blogger.com,1999:blog-5446962494799439259.post-78203195006463293952012-06-01T11:26:00.000-05:002012-11-19T15:20:02.304-06:00Exploring the Ten Habits - Habit One: Ensuring Interpretations Are Reasonable and Validby Bob Shoup<br />
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<i>Bob Shoup's blog entry from earlier this year, "<a href="http://scablogs.blogspot.com/2012/04/ten-habits-of-highly-successful-oil.html" target="_blank">The Ten Habits of Highly Successful Oil Finders</a>" sparked a lot of interest and discussion. As promised, we are now delving further into each habit, and want to invite your participation. Read on to find out more...</i><br />
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<em><span style="font-family: Calibri, sans-serif;"><b>Habit #1: Successful oil finders ensure that their interpretations are geologically and geometrically valid in three dimensions. Here is an investigation as to why.</b></span></em></div>
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At SCA, we see many prospect maps that are geologically
unreasonable and often geometrically impossible. These unreasonable and
impossible maps have cost our industry billions of dollars in unnecessary dry
holes. These dry holes are all the more tragic when you consider
the fact that all of the wells drilled on the basis of these unreasonable maps could have been avoided with the use of proper techniques. </div>
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<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUu_jlLPGCqhuSj1A6edKtoaIEyusY9M4vdJqYCdjvslRskNuwwVL2u5LqB_N_8euJ9M6c21_AEAjRfP0pmfQegUfdII95ILD-vsd0zI0AQfJqOc3I5MAtjA68MmPmEHvFQ2N3H6Qe-9nP/s1600/POD+-+prospect+or+geometrically+impossible.jpg" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" height="297" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUu_jlLPGCqhuSj1A6edKtoaIEyusY9M4vdJqYCdjvslRskNuwwVL2u5LqB_N_8euJ9M6c21_AEAjRfP0pmfQegUfdII95ILD-vsd0zI0AQfJqOc3I5MAtjA68MmPmEHvFQ2N3H6Qe-9nP/s400/POD+-+prospect+or+geometrically+impossible.jpg" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Figure 1<br />
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<span style="font-size: small; text-align: -webkit-auto;">For example, one of the most common mistakes we see is the result of interpreters connecting two or more faults as one. (Figure 1)</span></td></tr>
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<tr><td class="tr-caption" style="text-align: center;">Figure 2</td></tr>
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Often
the two faults that are connected have throws in different directions, which we
call 'screw faults'. With the exception of strike-slip faults, screw faults are
a geometrically impossible interpretation. Yet we see them on many maps. They
are so common that a screw fault interpretation can be seen in the user manual
of one of our industry's leading 3D interpretation packages.</div>
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Any prospect that relies on a closure against a screw fault
is a dry hole waiting to happen. One way to mitigate this risk is through utilization of <a href="http://www.scacompanies.com/publications/quicklook/index.html" target="_blank">Quick Look Techniques</a> as developed and taught by SCA's leadership and training faculty, and also available as a printed<a href="http://www.scacompanies.com/publications/BandM/default.asp" target="_blank"> textbook</a>. A classic Quick Look Technique to avoid
drilling wells on prospects that rely on screw faults is to plot the vertical
separation along the trapping fault (Figure 2). </div>
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheanT2dqeWS7RId34syZeliFVwvnzW8LsgKIKTeGQtiv8knMc8v7cizpJQSXiDuNPN5WtygxF_Nt1Z1lu2xvyIOlI7_JFES5ZDMYKYEOIgy7LJfZRiosCgfb2jZuU-_Ovh4leE81fahYyB/s1600/POD+-+two+faults+no+trap.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="298" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheanT2dqeWS7RId34syZeliFVwvnzW8LsgKIKTeGQtiv8knMc8v7cizpJQSXiDuNPN5WtygxF_Nt1Z1lu2xvyIOlI7_JFES5ZDMYKYEOIgy7LJfZRiosCgfb2jZuU-_Ovh4leE81fahYyB/s400/POD+-+two+faults+no+trap.jpg" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Figure 3</td></tr>
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This technique takes less than an hour and can result in you saving your company the cost of a dry
hole (Figure 3). Overall, a pretty good investment of time.</div>
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So, now we would like to hear from you. Do you know of any dry holes
that were drilled on geometrically impossible interpretations? We encourage you to share your examples (redacted as necessary to prevent release of proprietary information), so that others may benefit from your experience. If the example you send is selected for inclusion in an upcoming SCA <a href="http://www.scacompanies.com/training_services/CourseDetail.aspx?courseid=94" target="_blank">Quick Look Techniques class</a>, you can attend that class (or any other scheduled QLT class) at no charge.</div>
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SCAhttp://www.blogger.com/profile/11662740956641911432noreply@blogger.com0tag:blogger.com,1999:blog-5446962494799439259.post-91703342330652510802012-05-15T10:49:00.000-05:002012-05-15T10:51:46.052-05:00The Resume as Glorified Business Card: Tips to Upstream Professionals on Landing an Interview<i>At <a href="http://www.scacompanies.com/the_company/index.html" target="_blank">SCA</a>, we not only provide consulting and training services to the upstream oil and gas industry, we also assist in screening and recruiting direct hire candidates. Recruiter <a href="mailto:mconnor@scacompanies.com" target="_blank">Mark Connor</a> has put together some tips for prospective candidates on landing an interview with your employer of choice. In this first installment of a two-part series, he describes the essence of an effective resume and the different audiences with whom you must be prepared to communicate. This article and more can be found in the latest <a href="http://www.scacompanies.com/publications/newsletters/index.html" target="_blank">GeoLOGIC Newslette</a>r, now available for download <a href="http://www.scacompanies.com/publications/newsletters/index.html" target="_blank">here</a>. </i><br />
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZlo2fhEix92laaJpcmkIVf9ZKf4ljC95nacFnEUNtZAR6x2Y_1ZQZJ4qpGIRk6gq2y12s8IBi5OY8_jIhuLeGGURkVlhuvJ8jForOq5E5G49zY6COEFqnf3JxQj7i6Hdvd0nE803D075K/s1600/Mark+Connor+1011.jpg" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZlo2fhEix92laaJpcmkIVf9ZKf4ljC95nacFnEUNtZAR6x2Y_1ZQZJ4qpGIRk6gq2y12s8IBi5OY8_jIhuLeGGURkVlhuvJ8jForOq5E5G49zY6COEFqnf3JxQj7i6Hdvd0nE803D075K/s200/Mark+Connor+1011.jpg" width="133" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">SCA's Mark Connor</td></tr>
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Drilling Engineers have a tendency to get straight to the
point, and it was a Drilling Engineer who summarized the essence of a resume to
me in four words – “A Glorified Business Card”. A business card is a few square
inches of space in which a professional is required to sum themselves up as
concisely as possible, so what information makes it on there? Your name, job
title, company and contact details. Nothing else makes the cut. A resume is
intended to relate the same core information, albeit in a little more detail -
but where a business card is an effective tool to use when making a new
business contact, what is the real purpose of a resume?</div>
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One vital misconception regarding the role of a resume is
that a resume will get you a job. In reality, your goal when writing a resume
should be to get an INTERVIEW. Your success in a job search will hinge on your
interview and a well written resume will get you that interview. With that in
mind, resumes should contain enough information to catch attention and get you
in front of a decision maker.</div>
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A second misconception regarding the resume is that it WILL
be evaluated by the hiring manager. In reality, the resume will more than
likely be assessed by at least three other people before it reaches the
decision maker, and those other people are unlikely to be from a technical
background. Consider the following scenarios.</div>
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<li><span style="font-family: Symbol; text-indent: -0.25in;"><span style="font-family: 'Times New Roman'; font-size: 7pt;"> </span></span><span style="text-indent: -0.25in;">You are acquainted with the hiring manager and
you send your resume directly to that person. In this case, the likelihood is
that the manager will already be aware your abilities and the resume acts
merely as a formality.</span></li>
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<li><span style="font-family: Symbol; text-indent: -0.25in;"><span style="font-family: 'Times New Roman'; font-size: 7pt;"> </span></span><span style="text-indent: -0.25in;">You deal with a specialized Recruiting/Consulting
firm. These companies deal with Hiring Managers day in, day out and they have a
deep understanding of the technical areas they deal with. A Professional Recruiter
may not be from a technical background, but they are able to look past “key
words” and understand the nuances of your technical abilities and how they
relate to their client’s needs. A recommendation from a specialist Recruiter
can be extremely effective in gaining an interview.</span></li>
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<li><span style="font-family: Symbol; text-indent: -0.25in;"><span style="font-family: 'Times New Roman'; font-size: 7pt;"> </span></span><span style="text-indent: -0.25in;">You deal with a generalist staffing company that
has international clientele but no true specialization. These companies often
have access to every vacancy that their client has open, so they work on many
unrelated job openings every day. The key word search becomes a factor in
resume selection and an understanding of technical suitability becomes limited.</span></li>
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<li><span style="font-family: Symbol; text-indent: -0.25in;"><span style="font-family: 'Times New Roman'; font-size: 7pt;"> </span></span><span style="text-indent: -0.25in;">You “apply online”. Regularly described as
“black holes”, web portals do an excellent job of tracking applications but it
is extremely difficult to influence the selection process.</span></li>
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So, considering the above scenarios, how should you approach
resume preparation? It needs to appeal to different audiences. A resume should
contain easily identifiable key words and a sufficiently simplistic breakdown
of your job role to be understood by a Recruiter. However, i<a href="http://www.blogger.com/blogger.g?blogID=5446962494799439259" name="_GoBack"></a>t
also needs to be detailed enough to inform a Hiring Manager that you are
capable of performing the duties required. It requires a delicate balance but
in order to be successful in a job search, your resume will need to convince
more than just the Hiring Manager that you are the right person to call in for
an interview.</div>SCAhttp://www.blogger.com/profile/11662740956641911432noreply@blogger.com6tag:blogger.com,1999:blog-5446962494799439259.post-15472441456999713052012-05-01T14:08:00.003-05:002012-05-01T14:11:20.927-05:00SCA Training Instructor John W. Snedden, Ph.D., featured in the AAPG Explorer<br />
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<span style="font-family: Arial, Helvetica, sans-serif;">Subsurface Consultants & Associates, LLC, (SCA) is pleased to
announce that John W. Snedden, Ph.D., project leader of the <a href="http://www.ig.utexas.edu/research/projects/gbds/gbds.htm" target="_blank">Gulf of Mexico Basin Depositional Synthesis Project </a>conducted by the <span style="background-attachment: initial; background-clip: initial; background-color: white; background-image: initial; background-origin: initial;">Institute for Geophysics at the Jackson School of
Geosciences, University of Texas at Austin (UTIG)</span>, has recently
joined SCA’s training faculty. Dr.
Snedden’s first scheduled course for SCA, <a href="http://www.scacompanies.com/training_services/CourseDetail.aspx?courseid=161" target="_blank">“Depositional Evolution of the Gulf of Mexico Sedimentary Basin”</a>, will take place at SCA’s Houston training facility August
6-7, 2012. </span></div>
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<a href="http://www.ig.utexas.edu/people/staff/jsnedden/" style="font-family: Arial, Helvetica, sans-serif; line-height: 115%;" target="_blank">Dr. Snedden</a><span style="font-family: Arial, Helvetica, sans-serif; line-height: 115%;"> has over 25 years of industry
experience with Mobil and ExxonMobil, and his specialties include sequence and
seismic stratigraphy, sedimentology, reservoir characterization, reservoir
connectivity analysis, and unconventional resource evaluation.</span><span style="font-family: Arial, Helvetica, sans-serif; line-height: 115%;"> </span><span style="font-family: Arial, Helvetica, sans-serif; line-height: 115%;">Observations drawn from his experience
working on the GBDS project are featured in the May 2012 edition of the </span><a href="http://www.aapg.org/explorer/2012/05may/gom0512.cfm" style="font-family: Arial, Helvetica, sans-serif; line-height: 115%;" target="_blank">AAPG Explorer</a><span style="font-family: Arial, Helvetica, sans-serif; line-height: 115%;">.</span><span style="font-family: Arial, Helvetica, sans-serif; line-height: 115%;"> </span></div>SCAhttp://www.blogger.com/profile/11662740956641911432noreply@blogger.com0tag:blogger.com,1999:blog-5446962494799439259.post-38844361486810509462012-04-17T13:07:00.000-05:002013-03-08T10:10:34.113-06:00The Ten Habits of Highly Successful Oil Finders<i>by Dan Tearpock and Bob Shoup</i><br />
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SCA's CEO Dan Tearpock is fond of saying that it is highly trained people, not workstations, who find oil and gas. But what specific knowledge and habits do those successful oil finders possess? <a href="http://scablogs.blogspot.com/2012/03/sca-welcomes-bob-shoup.html" target="_blank">Bob Shoup</a>, who recently joined SCA's Consulting Division, has put together a list of the <b>Ten Habits of Highly Successful Oil Finders</b>. We'll be going into more in-depth discussions of the "Habits" over the next few months, but in the meantime, here is the full list to start your wheels turning. After you have a look, please return to the following questions:<br />
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If you had to choose one as being more important, which would it be and why?</div>
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Can you recall a real life situation where any of these habits informed a business-critical decision?</div>
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<b>The Ten Habits of Highly Successful Oil Finders </b></div>
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<b><i>Successful Oil Finders: </i></b></div>
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1. Ensure that their interpretations are geologically and geometrically valid in three dimensions. </div>
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2. Have a strong background in geology, and a thorough knowledge of the tectonic setting and depositional environments for the area in which they are working. </div>
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3. Plan their time and work in order to ensure accurate interpretations and maps. </div>
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4. Use all of the data to ensure that they have a reasonable and accurate subsurface interpretation. </div>
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5. Ensure that their seismic and well correlations are accurate and loop-tied. </div>
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6. Know which methods, tools, and techniques are needed to define and understand the subsurface.</div>
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7. Map all relevant geological surfaces. </div>
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8. Map multiple horizons to develop reasonably correct, three-dimensional interpretations.</div>
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9. Document their work. </div>
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10. Seek out mentors and experienced individuals with knowledge and expertise; and serve as mentors to those seeking experience. </div>
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Update 3/8/13 - for more thoughts on the Ten Habits, see our recent<a href="http://scablogs.blogspot.com/2013/03/more-thoughts-on-ten-habits.html" target="_blank"> follow-up blog post</a>. </div>
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SCAhttp://www.blogger.com/profile/11662740956641911432noreply@blogger.com4tag:blogger.com,1999:blog-5446962494799439259.post-86147744139236343472012-03-29T13:57:00.000-05:002012-03-30T13:07:37.243-05:00SCA Welcomes Bob Shoup<br />
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgSVMa5U8LGsb42o-keByeoI4eubtNJ23u1AhwVngXpkIQ5bQ2kJ4P6mWylJdJmwPMZR9_2QOTmuvYvxzbd17BewYY1nlPQjAY1BD0i6DA17WeO6R6lixKE70HloIzEGAeMh8Lmsmr0EIdg/s1600/Thailand+09+167.jpg" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img alt="" border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgSVMa5U8LGsb42o-keByeoI4eubtNJ23u1AhwVngXpkIQ5bQ2kJ4P6mWylJdJmwPMZR9_2QOTmuvYvxzbd17BewYY1nlPQjAY1BD0i6DA17WeO6R6lixKE70HloIzEGAeMh8Lmsmr0EIdg/s320/Thailand+09+167.jpg" title="Dan Tearpock and Bob Shoup" width="213" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">(From left to right) Dan Tearpock & Bob Shoup <br />
in Thailand, 2009</td></tr>
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<span style="font-family: Arial, Helvetica, sans-serif;">Subsurface Consultants & Associates, LLC (SCA) welcomes Robert “Bob” Shoup to its consulting division, in addition to his existing role as a member of SCA's training faculty. Bob is a Board Certified
Petroleum Geologist with over 30 years experience in basin analysis, regional
studies, new play generation, prospect evaluation, field studies and
development planning, drilling operations, and project management.</span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">Bob and SCA’s CEO Dan Tearpock, longtime
friends and colleagues, plan to leverage their combined expertise and Bob’s
extensive network in Southeast Asia to grow SCA’s presence in that region.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Bob began his career at Shell Oil in 1980, followed by four
years working for private oil companies before becoming an independent
consultant in 2003; consulting in Thailand, Malaysia, Vietnam, and New Zealand.
Bob is a proven oil finder with a 46% exploration success rate and over 100
MMBOE discovered resources.<br />
<br />
Bob is a recognized expert in clastic depositional environments, rift basins,
and syndepositional structural systems. <span style="line-height: 115%;">He
has served in leadership capacities and on numerous committees with the AAPG and
is a past president of the Division of Professional Affairs, organizations from
which he has also received multiple awards and professional distinctions. </span>Not only does he excel in the oil and gas
industry, he is also a recognized author: in 1994 Bob was a nominee for
the Pulitzer Prize in drama for his play, <em>Second Alarm</em>.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">In March, Bob
presented SCA’s first ever “Applied Problems in Interpreting Clastic
Depositional Systems” course to much success at SCA's Houston, TX training
facility. The course is scheduled to be repeated in Perth, Australia this
coming December 10-14, and is available to bring in-house on demand. Bob is
also slated to teach upcoming sessions of one of SCA’s most popular courses:
Applied Subsurface Geological Mapping. See SCA's <a href="http://www.scacompanies.com/training_services/allpubliccourses.aspxhttp:/www.scacompanies.com/training_services/allpubliccourses.aspx">2012
Training Calendar</a> for more details. </span></div>SCAhttp://www.blogger.com/profile/11662740956641911432noreply@blogger.com1tag:blogger.com,1999:blog-5446962494799439259.post-20445593603066033492012-03-13T09:34:00.000-05:002012-04-02T12:56:40.919-05:00Dan Tearpock honored with DPA Heritage Award<br />
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<span style="font-family: Arial, sans-serif; text-align: justify;">Daniel J. Tearpock, Chairman/CEO of Subsurface Consultants &
Associates, LLC (SCA), was recently honored by the AAPG </span><a href="http://dpa.aapg.org/" style="font-family: Arial, sans-serif; text-align: justify;" target="_blank">Division of Professional Affairs</a><span style="font-family: Arial, sans-serif; text-align: justify;"> as the latest recipient of the
Heritage Award.</span><span style="font-family: Arial, sans-serif; text-align: justify;"> </span><span style="font-family: Arial, sans-serif; text-align: justify;">The announcement was
made at an awards luncheon on February 29, 2012 at Del Frisco’s Restaurant in
Houston, Texas.</span><span style="font-family: Arial, sans-serif; text-align: justify;"> </span><span style="font-family: Arial, sans-serif; text-align: justify;">The DPA Heritage Award
honors an individual in the oil and gas industry who is generally known for
substantial industry contributions, including significant discoveries, business
accomplishments, and/or work in academia and publishing. Award recipients are selected
based on having built a reputation for success in the industry, and having
taken a proactive role in passing on their knowledge and experiences to the
next generation.</span></div>
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<span style="font-family: Arial, sans-serif;">The
Heritage Award was first given to <a href="http://en.wikipedia.org/wiki/Michel_T._Halbouty" target="_blank">Michael T. Halbouty</a> (deceased) in 2004. Other
past recipients include such industry luminaries as <a href="http://www.timesrecordnews.com/news/2008/jun/01/petroleum/" target="_blank">Robert D. Gunn</a> (2005), <a href="http://www.beg.utexas.edu/100/db_fisher.htm" target="_blank">William L. Fisher</a> (2006), <a href="http://www.tpaexpl.com/about_us/biographies/thomasson_mr.html" target="_blank">M. Ray Thomasson</a> (2008), and <a href="http://www.aapg.org/explorer/2009/02feb/amorusoConcept.cfm" target="_blank">John J. Amoruso</a> (2009). This
year’s award was based in large part on the achievements of the company founded
by Mr. Tearpock in 1988, <a href="http://www.scacompanies.com/" target="_blank">Subsurface Consultants & Associates, LLC</a> (SCA).
SCA’s record of industry success includes consulting assignments with over 350
companies across the world resulting in the discovery and/or development of
over six billion barrels of oil equivalent. SCA has also trained tens of
thousands of students in a wide variety of upstream course offerings. Further
signaling his commitment to training and education, Mr. Tearpock’s numerous articles and <a href="http://www.scacompanies.com/publications/BandM/default.asp" target="_blank">published works</a>, including <i>Applied Subsurface Geological Mapping</i> (1991), <i>Applied Subsurface
Geological Mapping with Structural Methods </i>(2003), and <i>Quick Look Techniques for Prospect Evaluation </i>(1994), are widely-used
and respected industry references. <o:p></o:p></span></div>
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<tr><td class="tr-caption" style="text-align: center;"><span style="font-family: Arial, Helvetica, sans-serif;">From left to right: Daniel J. Tearpock and Marty Hewitt</span></td></tr>
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<span style="font-family: Arial, sans-serif;">Upon
bestowing the 2012 Heritage Award, current DPA President Marty Hewitt remarked,
“Your business not only with SCA, but your leadership with the DPA and AAPG has
taken this award to a whole new level.”<o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif;">Reflecting
on this honor, Mr. Tearpock commented to the assembly, “One of my goals was to
do something significant for the world.
At first I thought I could find that billion barrel field, or find some
new energy technology to help people…It ended up being training and
consulting. We’re now at over 23,000
people that we’ve trained, and the people we’ve trained are all over the world
finding oil and gas. Our consulting
company has helped people find and develop over 6 billion barrels of oil
equivalent. So in a roundabout way, I
was able to accomplish what I set out to accomplish in life…I could not find a
better group of friends and associates than I have found working in the oil and
gas industry.”<o:p></o:p></span></div>
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<b><span style="font-family: Arial, sans-serif;">More
about Daniel J. Tearpock:<o:p></o:p></span></b></div>
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<span style="font-family: Arial, sans-serif;">As a working geoscientist, Mr.
Tearpock has generated numerous exploration and exploitation prospects, either
as the sole generator or as part of an organized multidisciplinary team. Mr.
Tearpock was a finalist in 1996 and 1998 for the Ernst & Young Entrepreneur
of the Year program and in 1998 received the <i>Distinguished Service Award </i>from Bloomsburg University, Bloomsburg,
PA. He holds a Bachelor’s degree in Geology from Bloomsburg University, 1970;
and a Masters in Geology from Temple University, 1977. He is a (AAPG/DPA)
Certified Petroleum Geologist No. 4114, State of Texas Licensed Geologist No.
2660 and (SIPES) Certified Earth Scientist No. 3015. <o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif;">Mr. Tearpock is a member of numerous
associations including the <a href="http://www.aapg.org/search/index.cfm?q=tearpocl&oq=tearpocl&aq=f&gs_sm=3&gs_upl=5659l7676l0l7940l0l0l0l0l0l0l0l0ll0l0&gs_l=partner.3...5659l7676l0l7940l0l0l0l0l0l0l0l0ll0l0.gsnos%2Cn%3D13" target="_blank">AAPG</a>, <a href="http://www.spe.org/index.php" target="_blank">SPE</a>, <a href="http://old.sipes.org/" target="_blank">SIPES</a>, <st1:stockticker w:st="on"><a href="http://www.seg.org/seg" target="_blank">SEG</a></st1:stockticker>,
<a href="http://www.geosociety.org/" target="_blank">GSA</a>, <a href="http://www.hgs.org/" target="_blank">HGS</a>, <a href="http://www.eage.org/" target="_blank">EAGE</a>, <a href="http://www.nogs.org/" target="_blank">NOGS</a>, <a href="http://www.lgs.lsu.edu/" target="_blank">LGS</a>,<a href="http://www.ipa.or.id/" target="_blank"> IPA</a>, <a href="http://www.seapex.org/" target="_blank">SEAPEX</a> & <a href="http://www.pesgb.org.uk/pages/home/" target="_blank">PESGB</a>. He is the past President of
the AAPG’s Division of Professional Affairs (2011-2012). He is a founding
member and current Chairman (2011-2012) of the intersociety “<a href="http://www.jcoret.org/" target="_blank">Joint Committee on Reserves Evaluator Training</a>” (JCORET). The member societies represented on
JCORET include the AAPG, SPE, SPEE, SEG and WPC.<o:p></o:p></span></div>
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<b><span style="font-family: Arial, sans-serif;">About SCA<o:p></o:p></span></b></div>
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<span style="font-family: Arial, sans-serif;">Subsurface
Consultants & Associates, LLC (SCA) provides superior upstream consulting,
direct hire recruitment, and geoscience and engineering training to
stakeholders in the oil and gas industry.
Find out more at </span><a href="http://www.scacompanies.com/"><span style="font-family: Arial, sans-serif;">www.scacompanies.com</span></a><span style="font-family: Arial, sans-serif;"> <o:p></o:p></span></div>
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<span style="font-family: Arial, sans-serif;">To view a
video of the DPA Heritage award presentation, please visit SCA’s </span><a href="http://www.youtube.com/watch?v=mWZj_7fDeSg&list=PLB5574AAAD18A1EB0&index=2&feature=plpp_video"><span style="font-family: Arial, sans-serif;">Upstream Petroleum YouTube Channel</span></a><span style="font-family: Arial, sans-serif;">. <o:p></o:p></span></div>SCAhttp://www.blogger.com/profile/11662740956641911432noreply@blogger.com0tag:blogger.com,1999:blog-5446962494799439259.post-34937631050128529702012-02-27T09:58:00.002-06:002012-02-27T09:59:42.657-06:00Some perspective on the relative cost of gasAs <a href="http://fuelfix.com/blog/2012/02/24/gas-prices-got-you-down-look-at-these-prices/" target="_blank">reports on the rising cost of gas</a> once again capture news headlines and ignite debate, it's a good time to take a closer look at gas price relative to other products in common use. Even if prices reach $4 a gallon, gas is a bargain compared to most other consumer products. See the graphic below for a powerful visual. What other products do you think it would be fun or interesting to compare?<br />
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Hat tip to <a href="http://www.ritholtz.com/blog/2011/03/gallons-vs-gallons/" target="_blank">The Big Picture</a> and <a href="http://flowingdata.com/2011/03/22/gallons-of-stuff-that-cost-more-than-gasoline/" target="_blank">Flowing Data</a>.<br />
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<br />SCAhttp://www.blogger.com/profile/11662740956641911432noreply@blogger.com2tag:blogger.com,1999:blog-5446962494799439259.post-38977547852900149782012-02-15T14:41:00.000-06:002012-02-16T10:12:57.996-06:00It's People, Not Workstations<br />
The following article by Daniel J. Tearpock was initially published in the GeoLOGIC, a quarterly publication of Subsurface Consultants and Associates, LLC.<br />
<br />
We invite you to give it a read, and then return to these questions: <span style="text-align: left;">What steps does your organization take to mitigate the risks of relying too heavily on workstation technology? How do you bring freshly graduated geoscientists and engineers up to speed on tried and true best practices?</span><br />
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“IT'S PEOPLE NOT WORKSTATIONS” </blockquote>
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It is a known fact that “People – Not Workstations” find oil and gas. However, there is no doubt that today's workstations and computers are powerful tools for use in our quest for finding and developing oil and gas resources. Workstation technology allows: </blockquote>
<blockquote class="tr_bq">
1. Effective integration and analysis of available data;<br />
2. Fast application of alternate ideas;<br />
3. Global or remote site integration;<br />
4. Multidisciplinary integration. </blockquote>
<blockquote class="tr_bq">
While acknowledging the benefits of workstation technology, do not overlook the danger of relying too heavily on these tools. In the hands of an interpreter inadequately trained in the fundamentals of geoscience and engineering, who is unfamiliar with the application of long-standing industry accepted practices, one can arrive at a wrong and very costly conclusion at the push of a button, resulting in another dry hole or even worse. </blockquote>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHlqqzaqqIHozxoI0wmKY0vhBxXk2n6gLCLaSP96eQbc55krdaPoxUrShjiq9GQfs7zpTsG54ksQxF3fp5zD6Wbi3D2z_jUAZfFl1jtVCH9sgLTXCiSYUNJ0sqSyxOXnRsvSDbMas2SgOP/s1600/rig+on+fire+no+border.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="295" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHlqqzaqqIHozxoI0wmKY0vhBxXk2n6gLCLaSP96eQbc55krdaPoxUrShjiq9GQfs7zpTsG54ksQxF3fp5zD6Wbi3D2z_jUAZfFl1jtVCH9sgLTXCiSYUNJ0sqSyxOXnRsvSDbMas2SgOP/s400/rig+on+fire+no+border.jpg" width="400" /></a>Have we learned from the past? A successful oil and gas exploration and development program cannot exist in the long-term on luck and serendipity. There are many factors that underlie success. However, I don't think there would be too much disagreement that long-term success is the result of the application of sound geoscience principles by knowledgeable, well trained interpreters. Interpreters must have a sound background in structural geology, stratigraphy, sedimentology and other related disciplines for the tectonic setting being worked. After all, the interpreter must know when a computer-generated map makes geologic sense and when the result is garbage!!!</blockquote>
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<br /></div>SCAhttp://www.blogger.com/profile/11662740956641911432noreply@blogger.com1tag:blogger.com,1999:blog-5446962494799439259.post-14489108540322997502012-02-09T14:25:00.000-06:002012-02-09T14:25:08.559-06:00The Great Crew Change in the Oil and Gas Industry<span style="font-family: inherit;"><i>The following post is taken from an article by Subsurface Consultants & Associates' Senior V.P. of Operations, Hal Miller. It was originally published in The Correlator, a publication of the Division of Professional Affairs of the American Association of Petroleum Geologists, and later in SCA's GeoLOGIC Q3 2011 newsletter.</i><br /></span><br />
With recent reports that the economy is back on the upswing, how do you see that affecting both the availability of experienced, senior-level geoscientists and the demand for their consulting services? <br /><br />How is your business preparing for the Great Crew Change?<br /><br /><b>Changing Crews in the Middle of the Global Recession</b><br /><i>By Hal Miller</i><br /><br />The oil and gas industry has been fretting about the imminent loss of oil finding and producing talent for years now. The generally acknowledged passage of the baby boom demographic bubble, those of us born from 1945 to 1964, into the retirement window is impacting all industries but is especially exaggerated in the oil and gas business due to slow hiring in the <span style="font-family: inherit;">1990s. The resulting dearth of mid-career, up-and-comers available to replace
the retiring management teams and to ease the loss of oil finding experience is
a continuing source of conversation and concern. Geoscience and engineering
consulting service providers are well positioned to be a “finger-on-the-pulse”
of the demand for and supply of these skills. Indications are that the current
environment has softened the blow that could have occurred had the mass exodus
of experience actually occurred as predicted.</span><br />
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<span style="font-family: inherit;">Many geoscientists who have recently taken advantage of
retirement opportunities remain in the workforce, some entering the consulting
ranks for the first time. One could argue that in some respects the global
recession came at a good time, as the dramatic shrinkage of retirement accounts
has caused many geoscientists to alter or postpone their retirement plans. The
reality of full or even semi-retirement at age 55 or 60 does not seem like such
a good idea for many when there is a reasonable probability that their suddenly
diminished retirement nest-egg will need to last for another 25 years or more.
Perhaps those of us now facing the prospect of having to work a little longer
should have saved (or lived) a little harder, but from an industry perspective
this appears to be a good thing. Beyond the revised retirement plan factor,
most geoscientists with oil finding in their blood are not happy sitting on the
sidelines for long, especially when the demand for their skills and experience
remains reasonably strong. Not as strong as it was in 2006 perhaps but
companies are still hiring more than firing. Even the demand for entry level
staff appears to continue at a moderate pace; hopefully a sign that the
industry and academia are finally approaching the steady state equilibrium that
allows geoscience departments to provide an optimal pool of new grads to supply
the industry’s needs. At the very least it appears that employment prospects
for oil and gas geoscientists are more optimistic than for the US national
workforce in general. <o:p></o:p></span></div>
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<span style="font-family: inherit;">In the consulting business, demand for senior geoscientists
with specific skills and geographic experience to supplement in-house teams and
mentor new employees has remained steady. The positive oil price environment is
attracting large amounts of investment funding from within and outside the US,
stimulating development of many new start ups and expansion of existing
players, all in need of experienced staff. Seasoned consultants who have seen
the globe and know where and where not to find hydrocarbons fit nicely into
roles with these companies. Many of the majors and large independents
significantly reduced or eliminated their consulting staff during 2009-2010
while attempting to preserve and reallocate their internal geoscience
resources. The continuing regulatory uncertainties surrounding deepwater
exploration in the Gulf of Mexico has resulted in many deepwater exploration
teams being sidelined or redirected. But indications are surfacing of
resurgence in 2011 as even large companies find the need to plug gaps in their
skill base, caused in many cases buy ongoing retirements and repatriations.
Additionally, there are clear indications of growth in many non-US companies
trying to build their national staff organizations as governments around the world
encourage the search for and securing of energy resources for their growing
economies (a novel concept!). These companies often have experienced staff
concentrated in the management ranks, and an abundance of bright and capable
geoscientists in the earlier stages of their careers needing senior, hands-on
geoscience consultants for technical guidance and mentoring. <o:p></o:p></span></div>
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<span style="font-family: inherit;">It also appears that the unconventional revolution is having
a significant impact on geoscience careers. As advances in horizontal drilling
and multi-stage frac technology enhance our ability to make reservoirs out of
what were once seals, virtually every source rock in basins around the world is
now a candidate for exploration and development. Success has impacted the
supply and suppressed the price on the gas side, but the hunt for these plays
continues to be aggressive with an emphasis on finding the “sweet spots” and
reducing costs to enhance the economics.<o:p></o:p></span></div>
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<span style="font-family: inherit;">All of these factors—heavy investment funding, new company
growth, expansion of international players outside the US, bottoming out of
large company hiring slumps, and growth of the unconventional resource
plays—have steadied the demand for late career geoscientists. The good news for
companies large and small is that the supply of well qualified and experienced
geoscientists is relatively high. The opportunity to work for a more diverse
spectrum of companies, in an expanding array of plays and geographic areas, and
under more flexible working arrangements (plus the need to reinforce retirement
portfolios) is motivating many to work longer. A large pool of broadly
experienced consultants means that companies can find specific skills and
knowledge of plays or even specific fields to supplement their internal
knowledge bases. There is increasing flexibility in the working relationships
between individuals and companies, ranging from short term “quick hit”
assignments to long term consulting relationships with the potential to evolve
into full time employment. This model is well suited to the handoff from the
baby boomers to subsequent generations of oil finders with less likelihood of
any significant fumbles. The great crew change is developing into a more
traditional transition from one generation to the next. </span><span style="font-family: 'Times New Roman', serif; font-size: 12pt;"><o:p></o:p></span></div>SCAhttp://www.blogger.com/profile/11662740956641911432noreply@blogger.com0tag:blogger.com,1999:blog-5446962494799439259.post-74281884488744027872012-01-31T12:05:00.000-06:002012-03-29T11:35:41.891-05:00Oil & Gas Deals and the Risk/Reward Trade-Off<span style="font-family: Arial, Helvetica, sans-serif;">When evaluating an oil and gas opportunity, what key factors should be reviewed and understood prior to making the deal? Consider that a niche-oriented, smaller consulting company can provide a thorough, specialized, and hands-on assessment that results in a better informed decision versus going through a large investment house.</span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;"><em>The following is taken from the Q3 2011 issue of SCA's GeoLOGIC newsletter. For access to downloadable back issues of GeoLOGIC, click </em><a href="http://www.scacompanies.com/publications/newsletters/index.html" target="_blank"><em>here</em></a><em>. Subscribe to the Upstream Petroleum Blog to receive links to future editions and other unique industry news and perspectives. </em></span><br />
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<strong><span style="font-family: Arial, Helvetica, sans-serif;">Oil and Gas Opportunities (Deals)</span></strong><br />
<strong><span style="font-family: Arial, Helvetica, sans-serif;">by Jeff Lund and Daniel Tearpock</span></strong><br />
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<span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">Oil and gas “opportunities" or "deals” are the heartbeat of the upstream industry. Almost every well that is drilled, almost every acreage block that is leased, almost every oil or gas field that produces, has or has had a history of ownership change and often phases of technology application. It's common to hear the terms “brown field” projects and “green field” projects referring to old projects being renovated or receiving a new round of activity (“brown”) and new or start up ( “green”) projects.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="font-size: small;">Deals involve individuals, small companies, huge companies, independent and so-called major companies, national companies, foreign governments, naive investors and thieves. They can range from exploratory prospects looking for undiscovered resources, development of discovered but incompletely exploited fields, application of new technologies (water flooding for example) to force out additional oil and simply reselling of producing properties as companies rebalance investment portfolios or have differing opinions of the </span><span style="font-size: small;">future of commodity prices.</span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">There are many opportunities that are done, not through large“brand name” investment houses, but through individuals and small consulting companies having sound personal contacts from decades of working in the industry. They can identify and evaluate some of the best opportunities. The key ingredients are: 1) personal contacts; 2) extensive industry experience; 3) the technical ability to separate the wheat from the chaff (to be able to define what is of good quality over what <span lang="JA" style="color: #231f20;"><span lang="JA" style="color: #231f20;"><span lang="JA" style="color: #231f20;">is of poor or lower quality) and 4) to find these opportunities often without the potential buyers having to go through competitive bidding processes.</span></span></span></span></div>
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<span lang="JA" style="color: #231f20;"><span lang="JA" style="color: #231f20;"><span lang="JA" style="color: #231f20; font-family: Arial, Helvetica, sans-serif;"></span></span></span><br />
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<span lang="JA" style="color: #231f20;"><span lang="JA" style="color: #231f20;"><span lang="JA" style="color: #231f20; font-family: Arial, Helvetica, sans-serif;"><span style="font-size: small;">Small entrepreneurial consulting companies often have the edge over the larger investment houses due to their ability to personally identify and evaluate opportunities including the financial, economic and perhaps the most important part of the equation, the technical merits of the opportunity (the geology, geophysics, petroleum engineering, and other technical areas behind the discounted cash flow numbers). Opportunities span a huge range of values. We at SCA have seen </span><span style="font-size: small;">investments ranging from a few ten's of thousands to several billion dollars.</span></span></span></span></div>
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<span lang="JA" style="color: #231f20;"><span lang="JA" style="color: #231f20;"><span lang="JA" style="color: #231f20;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></span></span></div>
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<span lang="JA" style="color: #231f20;"><span lang="JA" style="color: #231f20;"><span lang="JA" style="color: #231f20;"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="font-size: small;">There is also a large range of risk and reward available in the oil and gas deal market place. The graph below shows a </span><span style="font-size: small;">relationship of increasing risk of economic failure (such as drilling dry holes) to potential reward. The general rule is that </span><span style="font-size: small;">increasing reward almost always involves being exposed to greater risk. The various types of oil and gas deals ranging from buying proven producing properties up to frontier or high risk exploration, systematically expose the investor to greater potential reward but also greater chance of failure. One issue on which many companies and individuals need advice is quantifying this trade off.</span></span></span></span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">Sometimes an enthusiastic seller has become so excited about the deal he is proposing he forgets to explain the risk element to buyers. That's one good example where expert technical advice is critical. </span></div>
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<span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">Interested in reading some examples of real-life prospect evaluations? See SCA's collection of <a href="http://www.scacompanies.com/the_company/case_studies.html" target="_blank">case studies</a>. </span><span style="font-family: Arial, Helvetica, sans-serif;">In addition, if </span><span style="font-family: Arial, Helvetica, sans-serif;">you're looking to develop your knowledge in this area, SCA offers training courses specific to economic evaluation of petroleum opportunities. </span><a href="http://www.scacompanies.com/training_services/CourseDetail.aspx?courseid=156" style="font-family: Arial, Helvetica, sans-serif;" target="_blank">Click here</a><span style="font-family: Arial, Helvetica, sans-serif;"> to find out more. </span></div>
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<br /></div>SCAhttp://www.blogger.com/profile/11662740956641911432noreply@blogger.com0tag:blogger.com,1999:blog-5446962494799439259.post-86225395464157655282012-01-26T14:18:00.000-06:002012-01-26T14:50:02.781-06:00The Demise of the Age of Petroleum: Fact v. Fiction<span style="font-family: Arial, Helvetica, sans-serif;">The following is excerpted from SCA's quarterly newsletter, the GeoLOGIC. For access to the full publication, please click </span><a href="http://www.scacompanies.com/publications/newsletters/index.html" target="_blank"><span style="font-family: Arial, Helvetica, sans-serif;">here</span></a><span style="font-family: Arial, Helvetica, sans-serif;">. </span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">We're interested in your comments. How do you see the petroleum industry evolving over the next 20 years? Is it realistic to think that existing alternatives can replace petroleum?</span><br />
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<strong><span style="font-family: Arial, Helvetica, sans-serif;">"The Age of Petroleum is Over!"</span></strong><br />
<strong><span style="font-family: Arial, Helvetica, sans-serif;">Dan J. Tearpock, Chairman/CEO of Subsurface Consultants & Associates, LLC</span></strong><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYsufn9zjRNPLOLTfM80L5m794Z9vbtbeotbJbw_KLHbUAQoHOAUmyMDQCLqc_1IYRb7VwxzZYAK78RX8bi5jpltARAp4y97R6OHXuIwTyPcZeXdvrIhllT0F5pY0qlLIb9mV3nnGqsY_e/s1600/Dan+1-cropped+1106.jpg" imageanchor="1" style="clear: left; cssfloat: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" gda="true" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYsufn9zjRNPLOLTfM80L5m794Z9vbtbeotbJbw_KLHbUAQoHOAUmyMDQCLqc_1IYRb7VwxzZYAK78RX8bi5jpltARAp4y97R6OHXuIwTyPcZeXdvrIhllT0F5pY0qlLIb9mV3nnGqsY_e/s200/Dan+1-cropped+1106.jpg" width="193" /></a></div>
<span style="font-family: Arial, Helvetica, sans-serif;"><strong>HEADLINE NEWS</strong></span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">"<i><strong>In the past 6 months over 25% of the giant oil </strong><strong>fields that provide the world with significant </strong><strong>volumes of crude oil and gas have begun to </strong><strong>rapidly deplete. Oil futures have soared to </strong><strong>over $250 dollars per barrel, around the world; </strong><strong>the stock markets are crashing and life as we </strong><strong>have known it is coming to an end.</strong>”</i></span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">Wow, what a headline. But don't worry, YET! It is not real, but someday such a headline may be real and with it will come an end to life as we have known it on planet Earth for the past 100 years. Nearly every day we see various radical groups protesting and demanding an end to the use of petroleum or crude oil and a push to turn to green products like ethanol, made from corn, to replace petroleum.</span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">Have you ever wondered just how much does the average person on the street understand about the story of petroleum and petroleum products and its importance to our daily lives? A survey quickly indicates that most people relate petroleum to a few important products, namely gasoline, diesel, jet fuel, engine oil, home heating oil and maybe a few other products. But in reality the population depends on petroleum for thousands of products that we use each and every day in our modern world.</span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">Petroleum is feedstock for just about everything under the sun. Petroleum, also called crude oil, is refined into numerous chemical parts and separated into gasoline, lubricants, asphalt, yep –asphalt and into so many other products, it could take weeks to discuss them all.</span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">One 42-gallon barrel of oil creates only 19.4 gallons of gasoline; 49% of the barrel of oil becomes gasoline. The remainder of the crude oil, slightly over half, is turned into over 6,000 different items. I'll bet your jaw just hit the floor – 6,000 different items!!!! Before you read this article any further, see if you can name 25 different petroleum based items that are in common use on a daily basis?</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Once petroleum is produced from reservoirs several thousand feet below the earth's surface, at a cost of millions of dollars, it is refined into thousands of different products. I am confident that most of you never realized how much of your everyday life depends on that dirty, polluting product known as crude oil. Yes, most of us relate crude oil to the gasoline that we use to fuel our automobiles, but that is only part, a very small part of the petroleum story. Without crude oil our world, as we know it, simply would not exist.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">One of the major products made from crude oil is “Plastic”. In fact, based on the amount of plastic we use, we could say that we live in the “Age of Plastic” as well as the “Age of Petroleum”. In 1951 <a href="http://www.conocophillips.com/EN/about/who_we_are/history/phillips/Pages/index.aspx#1932" target="_blank">Phillips Petroleum</a> research chemicals radically changed the world by revolutionizing the world of plastics. Prior to their discovery, plastic was made in small quantities and came from gutta-percha, shellac and the horns of animals, yes, the horns of animals. Then came the first synthetic plastic made from the plant material cellulose. Plastic was considered cheap and was used to make a lot of toys, eyeglass frames, combs, buttons, dentures, etc.</span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">With the discovery of polypropylene and polyethylene, the two plastics discovered by Phillips Petroleum, the world of plastic exploded. And the source of today's worldwide use of plastics is "Crude oil or petroleum”; you know that dirty, polluting hydrocarbon that some people want banned from use.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">We could talk about a number of stories of the importance of crude oil in today's world, but for simplicity, let's just stick with one product– plastic. Imagine what our world would be like without the plastic we use each and every day. If we could go back 100 years we would immediately realize what that world would be like. There would be no cars, telephones, televisions, computers, airplanes and literally thousands of other items that we are accustomed to using every day </span><span style="font-family: Arial, Helvetica, sans-serif;">would not exist.</span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">What about the thousands of other products you and I depend on each day to live in this modern world? How would you go about your day without such items as cell phones, dresses, CD players,shampoo, tires, paint, sweaters, cortisones, antihistamines, food preservatives, dishwashers, vitamin capsules, electricians tape, epoxy glue, insect repellent and literally thousands of other products used every day? </span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Let us not forget about “Fashion and Beauty Products” that are made from guess what? Yep, crude oil. These products include clothing, nylon, polyester, socks, buttons, underwear, jeans, earrings, bracelets, necklaces, sunscreen, body lotion, shampoo, hair conditioner, face powder, lipstick, breath mints, eyeliner, hair gel, perfume, face powder, foundation and even tampons. Wow, what a list, and we have not even gotten warm. Remember, earlier in the article I mentioned that over 6,000 products use crude oil, in one way or another, in their production. See this </span><a href="http://wiki.answers.com/Q/What_products_are_derived_from_crude_oil#ixzz1eBKeGOlj" target="_blank"><span style="font-family: Arial, Helvetica, sans-serif;">link </span></a><span style="font-family: Arial, Helvetica, sans-serif;">for additional listings. </span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">Can you now imagine what our world would be like without petroleum? As the headline in the beginning of this article indicated, we will some day run out of significant volumes of petroleum. We need to be working furiously to identify replacement products. But until then, petroleum is here to stay. I guess that we will have a significant dependency on crude oil for at least the next 100 years. So for the young scientists around the world, there are endless opportunities to work on finding the replacements for the products we use today that are dependent upon crude oil<strong>.</strong></span></div>
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<strong><br /></strong></div>SCAhttp://www.blogger.com/profile/11662740956641911432noreply@blogger.com0tag:blogger.com,1999:blog-5446962494799439259.post-496260795072624812012-01-12T13:57:00.001-06:002012-01-12T14:13:48.056-06:00Petroleum Engineer Kirk E. Boatright Joins SCA Training Team<br />
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<span class="LabelText" style="font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px;"><span style="font-family: Arial, sans-serif;"><span style="font-size: small;">(Houston, TX, USA) Subsurface Consultants & Associates, LLC (SCA), a Houston-based worldwide leader in upstream petroleum consultancy and training, is proud to announce the addition of Kirk E. Boatright, Ph.D., P.E., to their training faculty. Dr. Boatright’s first publically-offered course through SCA, “Basic Petroleum Engineering Practices”, is scheduled for February 13-17, 2012, at their Houston training facility. </span></span><span style="font-family: Arial, sans-serif;"><span style="font-size: small;"> </span></span><span style="font-family: Arial, sans-serif;"><span style="font-size: small;">Dr. Boatright’s broad past experience includes positions as a drilling research engineer with Exxon, petroleum engineer with Amoco, roustabout with Cities Service (OXY), and Dean of the College of Arts and Sciences at Northeastern Oklahoma State University. Dr. Boatright is a Registered Professional Engineer, holding a B.S. and M.S. in Mechanical Engineering from Oklahoma State University, and a Ph.D. in Engineering Science from the University of Arkansas. As a highly sought-after educator, Dr. Boatright has taught over 13,000 participants across his portfolio of training courses. </span></span><span style="font-family: Arial, sans-serif;"><span style="font-size: small;"> </span></span></span><br />
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<span class="LabelText" style="font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px;"><span style="font-family: Arial, sans-serif;"><span style="font-size: small;">“We are very pleased that Dr. Boatright has agreed to join our training team,” said Daniel J.Tearpock, Chairman, CEO, and Founder of SCA. He continued, “SCA strives to provide the highest quality instruction to upstream petroleum professionals. We anticipate Dr. Boatright’s courses will surpass expectations as SCA continues to develop offerings that appeal to stakeholders on the petroleum engineering side of our business.” </span></span></span><br />
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<span class="LabelText" style="font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px;"><span style="font-size: small;"><span style="font-family: Arial, sans-serif;">From its founding in 1988, SCA has provided leading edge, technical training services around the world to over 22,000 petroleum industry professionals of all experience levels.</span><span style="font-family: Calibri;"> </span><span style="font-family: Arial, sans-serif;">Interested parties may review additional information about SCA’s training courses and schedules, and register online at </span></span><a href="http://www.scacompanies.com//" style="color: #0000ef; font-weight: bold; text-decoration: none;"><span style="font-family: Arial, sans-serif;"><span style="font-size: small;">www.scacompanies.com</span></span></a><span style="font-family: Arial, sans-serif;"><span style="font-size: small;">. </span></span><span style="font-family: Arial, sans-serif;"><span style="font-size: small;"> </span></span><span style="font-family: Arial, sans-serif;"><span style="font-size: small;"> </span></span></span><br />
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<span class="LabelText" style="font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px;"><span style="font-family: Arial, sans-serif;"><span style="font-size: small;">Please direct press inquiries to Alison Greene, Marketing and Communications Advisor, at 713.789.2444 extension 235, or via email at </span></span><a href="mailto:agreene@scacompanies.com" style="color: #0000ef; font-weight: bold; text-decoration: none;"><span style="font-family: Arial, sans-serif;"><span style="color: blue; font-size: small;">agreene@scacompanies.com</span></span></a><span style="font-family: Arial, sans-serif;"><span style="font-size: small;">.</span></span></span></div>
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<span class="Label" style="font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; font-weight: bold;">References:</span> <span class="LabelText" style="font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px;"> January 12, 2012 Subsurface Consultants & Associates, LLC Houston, Texas USA</span></div>SCAhttp://www.blogger.com/profile/11662740956641911432noreply@blogger.com3