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January 2000

Table of Contents

AAPG To Honor 35 Geologists

AAPG awards are presented to individuals recognizing their service to the profession, the science, the Association and the public. Heading the list is Gerald M. Friedman who has been named to receive the Sidney Powers Memorial Award, AAPG's highest honor.

Creation Debate Evolves Into Politics

Science groups across the U.S. expressed concern after the Kansas State Board of Education adopted new science standards. Many worry that evolution (science) would not be taught, but creation (a doctrine) may be substituted. Must one choose between religion and science?

Congress Paid Attention in 1999

Low oil prices combine with job losses in the industry catch the attention of the 106th Congress. Legislation was enacted to create a loan guarantee program for independent producers, extend tax credits for marginal wells, resolve oil royalty issues and increase research funding. However, progress remains elusive.

Emphasis: World Developments

Discoveries Are Getting Smaller

Oil and gas discoveries of the 90s were significant in location but less so in size. How does this impact the future? "To meet the current annual demand ... and the demand ... in 2010, new production must originate from a variety of sources...," says Robert Esser, director of Global Oil and Gas Resources with Cambridge Energy Research Associates.

In Like a Lamb, Out Like a Lion

1999 opened with West Texas crude at $12.33 per barrel but closed with the price staying above $20. Average price for the year was $18.74. Approvals of mergers added uncertainty to the business climate. Review this list of discoveries throughout the world.

West Africa's Dreams Come True

Excitement grows as international companies jockey for position in the world's hottest play -- West Africa's deep water field.

Standing Columns

Geophysical Corner

VSP Links Geology, Geophysics

Geophysicists interpret surface seismic reflection data presented in time. Geologists construct models, drill wells and acquire well logs in depth. The two types of data (time and depth) are linked in a velocity model of the subsurface. Vertical seismic profile (VSP) data acquisition and interpretation is reviewed.

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