Time to retool

John H. Bradford

doi:10.1190/tle34111304.1

Time to retool

John H. Bradford

Geosciences Department

Research output: Contribution to journal › Review article › peer-review

Abstract

Times have certainly changed since I agreed to run for SEG president. Eighteen months ago, we were looking at $100 per barrel of oil, and as I look at the ticker at the time of this writing, it is running at just under $45 per barrel. This is up from a six-year low of less than $40 per barrel in August. The sudden drop in prices and the unexpected volatility in the market over the past year have the industry reeling, and many of our corporate and individual members are suffering. According to an August article in The Houston Chronicle, more than 146,000 energy-industry jobs have been cut in the past year worldwide. Many who have lost their jobs or taken pay cuts are SEG members.

Original language	English
Pages (from-to)	1304
Number of pages	1
Journal	Leading Edge (Tulsa, OK)
Volume	34
Issue number	11
DOIs	https://doi.org/10.1190/tle34111304.1
State	Published - 1 Nov 2015

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abstract = "Times have certainly changed since I agreed to run for SEG president. Eighteen months ago, we were looking at \$100 per barrel of oil, and as I look at the ticker at the time of this writing, it is running at just under \$45 per barrel. This is up from a six-year low of less than \$40 per barrel in August. The sudden drop in prices and the unexpected volatility in the market over the past year have the industry reeling, and many of our corporate and individual members are suffering. According to an August article in The Houston Chronicle, more than 146,000 energy-industry jobs have been cut in the past year worldwide. Many who have lost their jobs or taken pay cuts are SEG members.",

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AB - Times have certainly changed since I agreed to run for SEG president. Eighteen months ago, we were looking at $100 per barrel of oil, and as I look at the ticker at the time of this writing, it is running at just under $45 per barrel. This is up from a six-year low of less than $40 per barrel in August. The sudden drop in prices and the unexpected volatility in the market over the past year have the industry reeling, and many of our corporate and individual members are suffering. According to an August article in The Houston Chronicle, more than 146,000 energy-industry jobs have been cut in the past year worldwide. Many who have lost their jobs or taken pay cuts are SEG members.

UR - https://www.scopus.com/pages/publications/84955110137

U2 - 10.1190/tle34111304.1

DO - 10.1190/tle34111304.1

M3 - Review article

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JO - Leading Edge (Tulsa, OK)

JF - Leading Edge (Tulsa, OK)

IS - 11

ER -

Time to retool

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