The Three R’s: Resource Plays, Risk, and the Role of the Geoscientist
Monday, 8 June 2020, 11:30 a.m.–1:15 p.m. | Houston, Texas
During the past 15 years, the onshore U.S. exploration and production
business has undergone a remarkable transition with the development
of resource plays. Along the way, our industry changed from one in
which geologic risk was the dominant controlling factor to one in
which operational risk, cost, and reserve risk have become controlling
factors. Many of the advances that have driven resource play
innovation have been empirical, wherein trial and error have taken the
place of geoscience driven concept tests. Consequently, a generation
of geoscientists are unfamiliar with geologic risk analysis and its
implications to risk economics.
In resource play development, the role of the geoscientist has
evolved commensurately with the diminished role of geologic risk.
Geoscientists have oftentimes found their role to be one that attempts
to explain operational results rather than leading the charge. Where
once, geoscience was the leading discipline, in many resource plays
the geoscientist plays a supporting role to engineers and landmen.
Team dynamics have been rewritten, and geoscientists struggle to find
their place in a realigned professional hierarchy.
The geoscientist has a special challenge in adapting to this new
resource era. Geoscientists’ unique education and appreciation for
the interpretive ambiguity that comes with conflicting or missing
information makes the geoscientist uniquely qualified to regain a
leading role in the resource era. Our industry needs leaders, and
geoscientists can and must regain a leading role.
The AAPG Foundation’s Teacher of the Year Award will be presented
during the All-Convention Luncheon. The annual Teacher of the Year
award of $6,000 is given to a K-12 teacher for excellence in the teaching
of natural resources in the earth sciences. The award includes $3,000
to the recipient’s school and $3,000 for the recipient’s personal use.
In addition, the recipient receives an expense-paid trip to the Annual
Convention and Exhibition (ACE) to receive the award. Nominations for
the award are submitted by the AAPG sections and the winner is chosen
by AAPG Foundation’s Teacher of the Year Judges. Each section winner
receives a $500 cash award.
Thomas E. Jorden was named President and Chief Executive Officer
of Cimarex in September 2011 and Chairman of the Board in August
2012. Mr. Jorden previously served as Executive Vice President of
Exploration since the formation of Cimarex in December 2003 and
held that same position at Key Production Company, Inc., Cimarex’s
predecessor. Prior to joining Key, Mr. Jorden was with Union
Pacific Resources and Superior Oil Company. He is a graduate
of the Colorado School of Mines where he earned B.S. and M.S.
degrees in Geophysics. Mr. Jorden serves as Chairman of the Board
of Trustees for the Colorado School of Mines. He also serves on
several industry and charitable boards, including the American
Petroleum Institute and the American Exploration and Production
Council. Tom enjoys travel, scuba diving, and history.
Thomas E. Jorden, President and Chief Executive Officer, Cimarex
George R. Brown Convention Center
1001 Avenida De Las Americas