January 2018 Outcrop by The Rocky Mountain Association of Geologists

OUTCROP Newsletter of the Rocky Mountain Association of Geologists

Volume 67 • No. 1 • January 2018

OUTCROP | January 2018

Vol. 67, No. 1 | www.rmag.org

OUTCROP The Rocky Mountain Association of Geologists

910 16th Street • Suite 1214 • Denver, CO 80202 • 303-573-8621 The Rocky Mountain Association of Geologists (RMAG) is a nonprofit organization whose purposes are to promote interest in geology and allied sciences and their practical application, to foster scientific research and to encourage fellowship and cooperation among its members. The Outcrop is a monthly publication of the RMAG.

2018 OFFICERS AND BOARD OF DIRECTORS PRESIDENT

2st VICE PRESIDENT-ELECT

Terri Olson tmolson8550@gmail.com

Sophie Berglund sberglund@raisaenergy.com

PRESIDENT-ELECT

TREASURER

Tom Sperr tsperr@bayless-cos.com

Robin Swank robin.swank@gmail.com

1st VICE PRESIDENT

TREASURER-ELECT

David Katz davidkatz76@gmail.com

Eryn Bergin eryn.bergin@aec-denver.com

1st VICE PRESIDENT-ELECT

SECRETARY

Heather LaReau heatherthegeologist@gmail.com

Anna Phelps aphelps@sm-energy.com

2nd VICE PRESIDENT

COUNSELOR

Tracy Lombardi tracy.lombardi@inflectionenergy.com

Jim Emme jim_emme@yahoo.com

RMAG STAFF EXECUTIVE DIRECTOR

Barbara Kuzmic bkuzmic@rmag.org MEMBERSHIP & EVENTS MANAGER

Hannah Rogers hrogers@rmag.org ACCOUNTANT

Carol Dalton cdalton@rmag.org PROJECTS SPECIALIST

Kathy Mitchell-Garton kmitchellgarton@rmag.org LEAD EDITOR

Cheryl Fountain cwhitney@alumni.nmt.edu ASSOCIATE EDITORS

ADVERTISING INFORMATION

Rates and sizes can be found on page 32. Advertising rates apply to either black and white or color ads. Submit color ads in RGB color to be compatible with web format. Borders are recommended for advertisements that comprise less than one half page. Digital files must be PC compatible submitted in png, jpg, tif, pdf or eps formats at a minimum of 300 dpi. If you have any questions, please call the RMAG office at 303-573-8621. Ad copy, signed contract and payment must be received before advertising insertion. Contact the RMAG office for details. DEADLINES: Ad submissions are the 1st of every month for the following month’s publication.

Holly Sell holly.sell@yahoo.com Greg Guyer Greg.Guyer@halliburton.com Ron Parker ron@bhigeo.com DESIGN/LAYOUT

Nate Silva www.nate-silva.com

WEDNESDAY NOON LUNCHEON RESERVATIONS

RMAG Office: 303-573-8621 | Fax: 808-389-4090 | staff@rmag.org or www.rmag.org The Outcrop is a monthly publication of the Rocky Mountain Association of Geologists

Vol. 67, No. 1 | www.rmag.org

3 3

Outcrop | January 2018 OUTCROP

RMAG February 2018

Short Course At

the

Denver

Place

999 Eighteenth Street, Denver, Colorado 80202

Registration opens 12/11/17. Register at www.rmag.org. Members: $175 Non-Member: $225 Student: $50

February 8, 2018 Edwin Moritz Valuing Upstream Oil & Gas Properties Course is a short primer that provides a practical understanding of appraisal methods and techniques applied by the market for acquisition of oil and gas interests. The course includes a discussion of standard appraisal concepts, value patterns in the market, commodity price analysis and consideration of risks. Course includes a practical case history. Attendees are introduced to methods that are commonly used by market participants to value upstream oil and gas properties. The course includes an overview of upstream oil and gas activities and the range of possible oil and gas rights, such as royalties and working interests. The cost approach, comparable sales and income methods of valuation are presented. Various methods for adjusting value based on risk are covered. Course participants will increase their understanding of how market participants value upstream oil and gas property rights.

email: staďŹ&#x20AC;@rmag.org

phone: 303.573.8621

910 16th Street #1214, Denver, CO, 80202

OUTCROP | January 2018

fax: 888.389.4090 4

follow: @rmagdenver

web: www.rmag.org

Vol. 67, No. 1 | www.rmag.org

OUTCROP Newsletter of the Rocky Mountain Association of Geologists

CONTENTS FEATURES

DEPARTMENTS

28 Lead Story: Powell Power

14 RMAG October 2017 Board of Directors Meeting 16 Presidentâ&#x20AC;&#x2122;s Letter

ASSOCIATION NEWS 2 RMAG 2017 Summit Sponsors 4 RMAG February 2018 Short Course

20 RMAG Luncheon Programs: Alexei V. Milkov 24 RMAG Luncheon Programs: John A. Morel 26 Welcome New RMAG Members!

6 RMAG Summit Sponsorship

26 In The Pipeline

11 Become a 2018 RMAG Summit Sponsor

32 Outcrop Advertising Rates

12 RMAG/DAPL Geoland Ski Day 19 RMAG April 2018 Short Course

35 Advertiser Index 35 Calendar

21 Geo Train Trip to AAPG Ace, Salt Lake City 23 2018 RMAG Golf Tournament 25 2018 Sporting Clay Tournament 34 RMAG Fiscal Review 2017

Vol. 67, No. 1 | www.rmag.org

COVER PHOTO The Paint Mines Interpretive Park located in Calhan, Colorado features a 30-foot-thick sequence pastelcolored clay beds in between white sandstones of the Dawson Arkose. The lower D1 sequence of rocks dates to the CretaceousCenozoic boundary and the overlying D2 sequence of rocks that was deposited in the latest Paleocene and earliest Eocene. Photo by Stephen Sturm.

OUTCROP | January 2018

2018 RMAG Summit Sponsorship

OUTCROP | January 2018

Vol. 67, No. 1 | www.rmag.org

The Rocky Mountain Association of Geologists 910 16th Street, Suite 1214, Denver, CO, 80202 phone: 303.573.8621 | fax: 888.389.4090| email: staff@rmag.org

November 7, 2017

Dear Partners, First, for those of you have been faithful Summit Sponsors, we want you to know your contributions have made it possible to provide quality educational programming, and assist with overall operations throughout 2017. On behalf of the 2017 RMAG Board of Directors, our fabulous RMAG office staff, and myself, a sincere thank you! The 2018 Summit Sponsorship package has changed some from 2017, and previous years. We have reduced the number of levels to three, and renamed them as Platinum, Gold and Silver. We are now giving you the option to choose the events you wish to attend, as well as purchase additional Â˝ price registrations at the Platinum and Gold levels. As always, you are welcome to register anyone of your choosing, or give the registrations as gifts. For those of you who have been Student level sponsors in the past, know that a portion of all Summit Sponsorship contributions in 2018 will go directly towards deeply discounted student registrations. Another benefit we are pleased to offer in 2018 is a full 12 months of advertising in The Outcrop, at RMAG Luncheons, and at all other RMAG events, provided we have your materials at the office by January 31, 2018. By meeting the deadline, your advertising will run through January 31, 2019. If your company hasnâ&#x20AC;&#x2122;t previously been an RMAG Summit Sponsor, please consider becoming an RMAG Summit Sponsor in 2018. RMAG has a membership base of over 1800 members, the largest membership base of any geological-based association in the Rocky Mountain region, which grows monthly, assuring your company broad exposure. We also like to have fun, with our annual Golf Tournament, Sporting Clay Shoot, and various social activities throughout the year. In addition, your company will also have exposure at the RMAG booth during the AAPG-ACE conference in May 2018 with Summit Sponsor advertising materials. Again, a sincere thank you to everyone who has supported RMAG throughout 2017! We are looking forward to continued partnership, and making new ones in 2018. Please contact me directly at bkuzmic@rmag.org, or 303-573-8621 x 2, if you or your company have any questions.

Best Regards,

Barbara Kuzmic Executive Director Rocky Mountain Association of Geologists Vol. 67, No. 1 | www.rmag.org

OUTCROP | January 2018

2018 RMAG Summit Sponsorship Platinum, Gold, Silver Sponsorship Level Contribution Level

Platinum

Gold

Silver

(formerly Gold)

(formerly student)

(same as 2017)

$10,000

$5,000

$2,500

$9,500 for returning 2017 sponsors

$4,500 for returning 2017 sponsors

RMAG Website Benefits Company logo on 2018 Summit Sponsorship page on www.rmag.org

üLarge Logo & Link

üMedium Logo

The Outcrop (receive benefits for 12 issues, monthly online publication)*

ü Full page ad

ü 2/3 page ad

ü 1/2 page ad

Company logo listed as a 2018 annual sponsor in the Outcrop

üLarge Logo

üMedium Logo

Company logo looping in PowerPoint presentation

Company logo placed on 2018 Summit Sponsor signage at all monthly luncheons

üLarge Logo

üMedium Logo

Opportunity to offer RMAG approved promotional items at luncheons

Publications

Monthly Luncheons

2018 Continuing Education Event Tickets

Platinum

Gold

Silver

Choice of two events. Please make your selections below. Selections are due by January 31, 2018.

4 Core Workshop Tickets - including Hot Plays Core Workshop without Fall Symposium Tickets

2 Core Workshop Tickets - including Hot Plays Core Workshop without Fall Symposium

2 Short Course Tickets

1 Short Course Ticket

2 Fall SymposiumTickets

2 Fall Symposium Tickets

1 Fall Symposium Ticket

2 Fall Symposium Tickets - including Hot Plays Core Workshop (counts as two selections)

1 Fall Symposium Ticket - including Hot Plays Core Workshop (counts as two selections)

2 half price Tickets to the Fall Symposium and Hot Plays Core Workshop

* 12 months of Outcrop Advertising: Company logos and advertising information must be received no later than January 31st, 2018 to receive 12 total months. 12 total months includes January 2019. If received between January 31st and February 28th will receive 11 total months. All logos and advertising information must be received no later than January 31, 2018 to be included on Summit Sponsor Signage. Previous Summit Sponsors only need to submit advertising information.

OUTCROP | January 2018

Vol. 67, No. 1 | www.rmag.org

2018 RMAG Summit Sponsorship Platinum, Gold, Silver RMAG 2017 Events

Platinum

Gold

Silver

Buy Additional Tickets

Purchase additional 1/2 Price Continuing Education Event Tickets

ü3 total tickets for any event ü2 total tickets for any event

except a combo purchase for except a combo purchase for No half price tickets at this level Fall Symposium and Hot Plays Fall Symposium and Hot Plays Core Workshop Core Workshop

RMAG Luncheons

ü 4 Total Tickets through

ü 2 Total Tickets through

ü 1 Total Tickets through

Player tickets

ü 2 Teams of Four Players

ü 1 Team of Four Players

ü 2 Individual Players

Company logo placed in Golf Tournament PowerPoint

üLarge Logo

üMedium Logo

Company logo placed on 2018 Summit Sponsor signage

üLarge Logo

üMedium Logo

Player tickets

ü 2 Teams of Five Players

ü 1 Team of 5 Players

ü 2 individual players

Company logo placed in Sporting Clay Tournament PowerPoint

üLarge Logo

üMedium Logo

Company logo placed on 2018 Summit Sponsor signage

üLarge Logo

üMedium Logo

Event tickets

ü 4 Tickets

ü 2 Tickets

Company logo placed on 2018 Summit Sponsor signage

üLarge Logo

üMedium Logo

Company logo looping in PowerPoint presentation

üLarge Logo

üMedium Logo

Event Tickets

2018

Golf Tournament

Sporting Clay Tournament

Rockbusters Bash

Vol. 67, No. 1 | www.rmag.org

OUTCROP | January 2018

2018 RMAG Summit Sponsorship All sponsor benefit event tickets must meet RMAG event registration deadlines. All benefits end January 31, 2019. Discount to returning 2017 Summit Sponsors for 2018 Summit Sponsors only.

RMAG 2018 Summit Sponsorship Opportunities Platinum Sponsor Gold Sponsor Silver Sponsor

Deadline for sponsorship: January 31, 2018. Specify type of payment on signed form, and send logo to staff@rmag.org by 1/31/18. No benefits will be provided without payment. Company: Company Representative: Address: City/State/Zip: Phone:

Email:

Payment by Credit Card Select a card: Amex M/C VISA Discover Name as it appears on Credit Card:____________________________________________________ Credit Card #: Exp. Date: _________________ Security #: Signature: Payment by Check Mail checks payable to RMAG: Rocky Mountain Association of Geologists (RMAG) 910 16th Street Mall, Suite 1214 Denver, CO, 80202

RMAG events are subject to change. Cancellation or rescheduling of events does not give sponsor right to refund. Summit Sponsors will receive benefits at any new events added into the RMAG schedule for 2018.

Thank you for your generous support!

email: staff@rmag.org

phone: 303.573.8621

OUTCROP | January 910 16th Street #1214,2018 Denver, CO, 80202

fax: 888.389.4090 web: www.rmag.org Vol. 67, No. 1 | www.rmag.org follow: @rmagdenver

Consider becoming a 2018 Summit Sponsor and help RMAG provide the very best in symposia, short courses, social events and much more. Summit Sponsors not only support professional exchange and education, but also gain visibility in the Rocky Mountain Oil & Gas, and Geoscience Community.

Visit www.rmag.org for more information and to join the 2018 Summit Sponsorship team.

email: staďŹ&#x20AC;@rmag.org

phone: 303.573.8621

Vol. 67, No. 1 | www.rmag.org

910 16th Street #1214, Denver, CO, 80202

fax: 888.389.4090

web: www.rmag.org

OUTCROP | January 2018

follow: @rmagdenver

RMAG ♦♦ DAPL

GeoLand Ski Day

Friday, March 2, 2018

More Event Details:

https://dapldenver.org/event/dapl-rmag-geoland-ski-day-2018/ Ticket Type

Price

Party Bus & Party Bus & Lift ticket Lift ticket & Party WHOLE PACKAGE!

$65 $95 $100 $140 $160

*Double the Door Prizes* Now accepting sponsors - Submit Sponsorship: https://dapldenver.org/product/event-sponsorship/

Sponsorship Levels

Bus

$1,500+

Extreme Terrain

$1,000+

Double Black Diamond

$750+

Black Diamond

$500+

Nastar

$500+

Blue

$250+

Green

$100+

For 2018 sponsorship opportunities, contact one of the committee chairs:

DAPL Chairs ♦♦ Meg Gibson ♦ meg@majorsgibson.com ♦♦ Patsy Botts ♦ 303-925-0696 RMAG Chairs ♦♦ Tom Sperr ♦ tsperr@bayless-cos.com OUTCROP | January 2018

Vol. 67, No. 1 | www.rmag.org

RMAG ♦♦ DAPL

GeoLand Ski Day

Thanks, Extreme Terrain 2017 sponsors!

[YOUR COMPANY HERE] For 2018 sponsorship opportunities, contact one of the committee chairs:

DAPL Chairs ♦♦ Meg Gibson ♦ meg@majorsgibson.com ♦♦ Patsy Botts ♦ 303-925-0696 RMAG Chairs ♦♦ Tom Sperr ♦ tsperr@bayless-cos.com Vol. 67, No. 1 | www.rmag.org

OUTCROP | January 2018

RMAG OCTOBER 2017 BOARD OF DIRECTORS MEETING By Jennifer Jones, Secretary jaseitzjones@gmail.com

Marty Hall

Program Development Manager Multi-Client Services

reported that membership is up slightly, with a new total of 1,817. The Rockbusterâ&#x20AC;&#x2122;s Bash was held November 9, and feedback was positive. The sequence stratigraphy course was in progress with very positive feedback as well. There are already eight exciting luncheon speakers booked for 2018. The Outcrop and Mountain Geologist expect some great upcoming technical articles and exciting topics. The Membership committee is brainstorming some fun events coming up soon, and applications for the Mentorship program are currently being accepted. The 2018 RMAG budget was adjusted and approved by the board at this meeting. The discussion was productive, and the board feels positive about the structure heading into the new year. As always, please check the RMAG website often for the exciting events and opportunities coming up soon. We look forward to seeing you!

The November meeting of the RMAG Board of Directors was held November 15, 2017 at 4 PM. All board members except Rob Diedrich and Jennifer Jones were present. Treasurer-Elect Robin Swank reported that the RMAG financials are continuing well, and the accounts are in good shape compared to the budget. Executive Director Barbara Kuzmic 7765 Windwood Way P.O. Box 549 Parker, CO 80134 USA P: 720.851.6152 C: 303.885.8860

geokinetics.com marty.hall@geokinetics.com

SINCLAIR

PETROLEUM

ENGINEERING,INC.

www.sinclairengineering.com

- Well and Field Simulation - Production Data Analysis - Shale, Tight Gas, CBM, Conventional, EOR - Reserve Determinations, Property Valuation - General Reservoir Engineeing TM

John Sinclair, Ph.D.,P.E.

geokinetics.com

Licensed in CO, UT, MT, & WY

307-587-5502 (o) 307-431-6382 (c) Cody, Wyoming

john@sinclairengineering.com

OUTCROP | January 2018

Vol. 67, No. 1 | www.rmag.org

Come in out of the Cold! Log Interpretation of Clastic Depositional Environments Wednesday-Thursday, January 24-25, 2018, 8:30am-5:00pm Colorado School of Mines, Parker Student Center, Ballroom C Fee: $500, Class notes, snacks and PDH certificate included. Instructor: Dr. Ali Jaffri, Applied Stratigraphix

Being able to interpret environments of deposition using open-hole logs is a skill most geologists and engineers desire. As important as this skill is, not many publications and industry courses address this issue. The purpose of this course is to use a systematic approach that uses the process of elimination to diagnose common fluvial, shallow marine and deepwater depositional environments in well log suites such as Gamma Ray, Resistivity and Porosity and in Borehole Image and Dipmeter Logs. Borehole image logs are commonly acquired but are often under-utilized when it comes to interpreting environments of deposition. Most geoscientists and engineers are somewhat familiar with picking faults and fractures on image logs, but the same professionals will often rely on reports provided by the logging company for sedimentology and stratigraphy. This 2-day course is taught in a workshop format and after a morning lecture session, afternoons are devoted to interpretation of logs provided by the instructor. Participants are also encouraged to bring their own logs to work on (these will not be shared with other participants and will only be reviewed by the instructor).

Petroleum Geology for Non-Geologists

Tuesday, February 6, 2018, 8:30 am – 5 pm, Colorado School of Mines, Ben Parker Student Center, Ballroom E Fee: $250, includes food at breaks, class notes, and PDH certificate Instructor: Laura Wray

In this one-day course, lectures, discussions, and exercises will focus on the manner in which geologic concepts are woven together both factually and creatively in the search for accumulations of petroleum. More specifically, the class is designed to provide an overarching summary of basic petroleum topics and how they are used in the search for oil and gas. Topics to be covered include: • Reviewing the origin, formation, migration, properties, and emplacement of hydrocarbons • Understanding porosity and permeability for hydrocarbon migration and trapping • Reviewing basic logs used to identify reservoirs and the fluids within them • Previewing the role of creativity in correlating and mapping reservoirs in both structural and stratigraphic traps • Identifying rock types and depositional facies and how they are used to explore for hydrocarbon accumulations • Examining unconventional reservoirs – what are they, how do they differ from convention ones, and why have they become so important for the US production of both oil and gas • Summarizing the role of 2D and 3D seismic and microseismic information and the value of geosteering

Petroleum Engineering for Non-Engineers

Wednesday, February 7, 2018, 8:30 am – 5 pm, Colorado School of Mines, Ben Parker Student Center, Ballroom E Fee: $250, includes food at breaks, class notes, and PDH certificate Instructor: Dr. Jennifer Miskimins, Colorado School of Mines PE

This one-day short course provides a broad, basic understanding of various petroleum engineering topics for non-engineers. The focus of the course is placed on the design, construction, stimulation, and production of wells. Specific topics discussed include the drilling of wells, rig types, wellbore integrity and design, completion types, casing and tubing definitions, downhole tools such as packers, formation damage, and stimulation including hydraulic fracturing. As the title implies, the course is designed for those who work in the oil and gas industry but do not have a technical background in subsurface topics. Previous attendees that have found the course useful include landmen, technicians, accountants, financiers, and field personnel.

Class Descriptions and Register Online: www.pttcrockies.org

For more information, contact Mary Carr, 303.273.3107, mcarr@mines.edu 15 OUTCROP | January 2018

Vol. 67, No. 1 | www.rmag.org

PRESIDENT’S LETTER By Terri Olson

In my first column as President of RMAG, it seems appropriate to give some context to set the stage for the next year of our professional society. While our industry is still in a downturn that started in October of 2014 (the month I left EOG), there are some indications that oil prices in the $50 range or lower will not last forever. Last week, OPEC agreed to maintain oil-output cuts through 2018. As I write this, oil (WTI) is $58/barrel, the highest it’s been all year. Many oil company budgets are going up next year compared to this year. Pete Stark will give some perspective on the industry for 2018 and beyond at the January luncheon, but it sounds like demand will surge beyond what US tight oil is likely to produce in the not-too-distant future. And a study reported by Bloomberg this week suggests there is a flaw in the EIA production forecasts, with the headline “U.S. Vastly Overstates Oil Output Forecasts, MIT Study Suggests.” Basically the article says that the Energy Information Administration assumed better technology has been behind all the recent output gains, while in actuality the shift in focus to drilling sweet spots has accounted for Terri at the annual AAPG convention in Houston in April, in front of a poster much of those gains. So while the RMAG depicting Ninetta Davis, the first woman president of RMAG. Photo by John Board of Directors has begun to operate Robinson (another past RMAG president). under the assumption that low oil pricfrom year to year. (See the masthead of the Outcrop es (as a result of high supply) are “the new normal,” I for a list of board members and contact information.) am hopeful that industry will pick up steam in comThis will be our second year on the board for three of ing months. As the backdrop for much of what we us: Jim Emme (Counselor) and Robin Swank (Treasurdo, and what we can expect regarding sponsorships, er) plus me. Seven of the ten are female, only the secmeeting attendance and publication sales, this is relond time (after 2017) that women outnumber men on evant to the direction that the board tries to provide. the BOD. This is somewhat surprising, given the deAbout the new RMAG Board of Directors (BOD), mographics of the organization: as Larry pointed out there are some changes this year. We now have ten in his November column, women apparently comprise members, including the new positions of First VPCONTINUED ON PAGE 17 Elect and Second VP-Elect, to provide more continuity

»»

OUTCROP | January 2018

Vol. 67, No. 1 | www.rmag.org

PRESIDENT’S LETTER

Lario Oil & Gas Company Established 1927

»»CONTINUED FROM PAGE 16

only 14% of RMAG members (based on the membership survey). Of the ten, only two have never been laid off (two of the younger ones), while most of us have lost a job to layoffs or company moves out of state in the last two years. We all have degrees in geology/earth science (2 PhD’s, 6 MS’s, 1 MA, 1 BS). Our experience levels range from less than 3 to over 35 years in industry. We are politically diverse, with a mix of Republicans, Democrats, and Independents. Such attributes allow us to relate to our membership while bringing multiple perspectives to the issues the organization will face this year. Our membership is also more diverse than I realized. Based on the member directory, 25% of RMAG members live outside Colorado. Even within Colorado, a fair number are not located along the Front Range. We even have 20 international members; 12 of those are from Canada, with China, Norway, England, and Australia also represented. Services for our remote members will be a topic for discussion by the BOD this year. As a woman president of RMAG, I am happy to join the ranks of five female predecessors, starting with Ninetta Davis in 1941(!) (see photo). Ninetta was followed by Susan Landon in 2001, Donna Anderson in 2004, Jewel Wellborn in 2007, and Debra Higley in 2013. My background includes an undergraduate degree in geology from Colorado College and a master’s degree in earth science from Dartmouth College. I have worked for a major oil

WWW.LARIOOIL.COM

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Headquartered in Denver, Colorado, QEP is an S&P MidCap 400 Index member company (NYSE: QEP). Learn more at www.qepres.com.

»»CONTINUED ON PAGE 18

Vol. 67, No. 1 | www.rmag.org

OUTCROP | January 2018

PRESIDENT’S LETTER

»»CONTINUED FROM PAGE 17

LEADERS IN PETROLEUM GEOCHEMISTRY ROCKY MOUNTAINS

KEY Source Rock Oil Gas PVT

REGIONAL INTERPRETIVE STUDIES

GEOCHEMICAL DATABASES

ANALYTICAL SERVICES WWW.GEOMARKRESEARCH.COM IN DENVER CONTACT DR. JOHN CURTIS (303) 619-0372

OUTCROP | January 2018

company (Amoco, then BP), a small independent (Tom Brown Inc.), two large independents (Encana and EOG), and a technology company (FEI) before becoming a petrophysics consultant in 2016. Most of my clients are private-equity-backed exploration companies, a growing arena in recent years. In addition to petrophysics, specialties represented on the 2018 BOD include play scale mapping/basin analysis/regional studies, unconventional gas reservoir evaluation, clastics, mineralogy, diagenesis, pore scale imaging/petrography, sequence strat, sed/strat, petroleum systems, geochemistry, project management, and exploration management. We also have among us one MBA, a master’s in Global Energy Management, and a BA in History. All this education and experience should give us a good basis for leading RMAG this year! We welcome questions, comments, and concerns from members—please contact us about any issues you want to discuss. In closing, I would like to thank Larry Rasmussen for his guidance during my apprentice year as President-Elect. He has been generous with his time, sharing his experience and providing thoughtful consideration of the issues we deal with. Other past presidents have also been helpful in a mentoring capacity, both informally and through the Strategic Planning Committee, especially Matt Silverman and John Ladd. Thanks, and keep up the good work—I still have a lot to learn!

Vol. 67, No. 1 | www.rmag.org

April 2018 Short Course

Oil and Gas Law for Geologists A t

t h e

D e n v e r

P l a c e

999 Eighteenth Street, Denver, Colorado 80202

Registration opens on 1/15/18 at 8:00am. Register at www.rmag.org. Member: $300 | Non-Member: $350 | Student: $150

April 11-12, 2018 Ralph A. Cantaﬁo - Partner and Attorney

Abstract Petroleum geologists play a vital role in oil discovery, and a diverse cross-section of upstream activities, but often possess only a dim understanding of the often parallel legal process that is advancing simultaneously with the work being done by their professional counterparts. This short-course aims to provide a sound legal foundation to these scientists focusing on the issues that arise impacting the oil and gas industry. Oil and Gas Law for Geologists will address essential factual, legal, regulatory, political and legislative issues to provide a more broad-based appreciation and awareness of these issues to equip the learner and his or her organization for more efficient business and work product management in light of the significant legal challenges that arise in the exploration and production of oil and gas. An objective of this class is to not make petroleum geologists into lawyers, but to provide a broader understanding of how the legal process impacts the identification and development of oil and gas assets. This course will examine the legal theories upon what the oil and gas industry has utilized and applied, methods for acquiring developmental rights, review basic contracts and agreements customarily used in the oil and gas industry, analyze the fundamentals of oil and gas permitting, and examine the subtleties of property and mineral ownership. There will be considerable attention dedicated to reviewing and understanding legal theory, contracts, deeds, and a wide array of agreements typically used in permitting, the entitlement process, and development of oil and gas assets. Students will be exposed to the essentials necessary for organizations to draft, negotiate, implement, and secure land-use approvals, lending the petroleum geologist a better appreciation as to how their discipline works into the greater scheme of the oil and gas industry. The instructor will provide case studies, use PowerPoint presentations, and allow for open discussion as learning tools used in this course. Biography With an extensive history in law and knowledge of the Oil and Gas industry, Ralph practices oil and gas law in Alaska, Colorado, North Dakota, Texas, Utah, and Wyoming. Not only is Ralph a shareholder of a law firm, with offices located in Denver and Steamboat Springs, Colorado, that emphasizes oil and gas law, but he is also an adjunct professor teaching oil and gas related classes. Ralph currently teaches in the Global Energy Management Program at the University of Colorado Denver. Mr. Cantafio has also lectured foreign professionals, primarily from Nigeria and China, focusing on international oil and gas law, industry, as well as international natural resources law. His education includes not only a Juris Doctorate from the University of Colorado School of Law, but a Master of Science in Mineral Economics from the prestigious Colorado School of Mines and a Master of Science in Global Energy Management from the University of Colorado-Denver, where he now teaches. With two professional oil and gas certificates in Petroleum Land Management and Energy Finance from the University of Denver, numerous professional affiliations and publications as well as numerous industry presentations, Ralph’s knowledge of the oil and gas industry is extensive.

email:Vol. staﬀ@rmag.org | phone: 303.573.8621 67, No. 1 | www.rmag.org 910 16th Street #1214, Denver, CO, 80202

fax: 888.389.4090 | | web: www.rmag.org OUTCROP January 2018 follow: @rmagdenver

RMAG LUNCHEON PROGRAMS Speaker: Alexei V. Milkov — January 3, 2018

Shale Gas Dominates U.S. Gas Resources Results From 2016 Assessment of the Future Gas Supply by the Potential Gas Committee Alexei V. Milkov, Potential Gas Agency, Colorado School of Mines

OUTCROP | January 2018

Utica and Rogersville shale plays in the Appalachian basin. Mid-Continent assessments rose by 73 Tcf (25%), reflecting intensive developments of the Woodford shale in the Anadarko basin, the Barnett shale in the Fort Worth basin, as well as expansion of the Woodford and Mississippian shale development in the Permian basin. Gas resources in the Rocky Mountain area increased by 6 Tcf (1.4%). This resource growth reflects developments in the Mancos and the Niobrara plays in the Piceance basin. Although the Gulf Coast area had a modest overall increase of only 1.5 Tcf (0.3%), the PGC made significant adjustments for specific provinces and plays in the current assessment. New geotechnical data obtained for the Eagle Ford play, and better well performance in the Haynesville and Bossier plays, resulted in a significant growth of shale resources. On the other hand, most likely resources for some of the conventional reservoirs such as the Wilcox, Cotton Valley and Bossier sands were reduced. The growing importance of shale gas in the U.S. is evidenced by the fact that the PGC’s mean total assessed shale gas resource of 1,797 Tcf for 2016 accounts for approximately 64% of the country’s total potential resources.

The latest biennial assessment of the U.S. natural gas resources by the Potential Gas Committee (PGC) indicates that the country possesses a total technically recoverable resource base of 2,817 trillion cubic feet (Tcf) as of year-end 2016. This is the highest resource evaluation in the PGC’s 52-year history, exceeding the previous high assessment (from 2014) by 302 Tcf (increase of 12%). When the PGC’s assessmen wwts of technically recoverable resources are combined with EIA’s latest determination of proved reserves (324 Tcf of natural gas as of year-end 2015), the U.S. future supply of natural gas stands at a record 3,141 Tcf, an increase of 288 Tcf (10%) over the previous evaluation. The increase resulted mainly from reassessments of shale gas resources in the Atlantic, Gulf Coast, Mid-Continent and Rocky Mountain areas. The Atlantic area ranks as the country’s richest resource area with 39% of total U.S. traditional resources, followed by the Gulf Coast (including the Gulf of Mexico) with 20%, Rocky Mountains with 17%, and the Mid-Continent with 14%. The largest volumetric gains from 2014 assessment to 2016 assessment (214 Tcf or 26%) were reported in the Atlantic area. The major reason for the increase is new drilling and production results from Marcellus,

Vol. 67, No. 1 | www.rmag.org

Geo Train Trip to AAPG Ace, Salt Lake City F r o m

D e n v e r

May 2018

Departs at 8:05am Arrives at 11:05 pm

Travel to AAPG Ace 2018 in style! Join RMAG members on a train trip from Denver to Salt Lake City. As the train passes through the Piceane Basin, the Uintah Basin, the edge of the Paradox Basin, and the Utah Thrust Belt, short geo talks will be given throughout the day.

Ticket Price - $115 Register at www.rmag.org This is a one-way ticket. Passengers will be responsible for planning travel back to Denver after AAPG ACE.

Sponsored By:

email: staďŹ&#x20AC;@rmag.org | phone: 303.573.8621 #1214, Denver, CO, 80202 Vol. 67,910 No.16th 1 | Street www.rmag.org

fax: 888.389.4090 | web: www.rmag.org follow: @rmagdenver OUTCROP | January 2018

The soluHon for unique and valuable geological informaHon for prospect generaHon

Well Site Geology Remote Geosteering Petrographic Analysis Field Geologic Studies

phone 406. 259. 4124 sunburstconsulting.com

730 17th Street, Unit B-‐1 Denver, CO 80202 303.825.5614 derlibrary@gmail.com derlibrary.com

CALL FOR PAPERS: THE RMAG MOUNTAIN GEOLOGIST

OUTCROP | January 2018

Vol. 67, No. 1 | www.rmag.org

May 30, 2018

2018

RMAG Golf Tournament

1:30pm Shotgun At Arrowhead Golf Club Registration includes entry, 18-holes of golf, cart, dinner, & entry to win great door prizes.

Registration opens 1/8/2018!

Teams of 4 and Individuals are welcome to register. Member Individual: $150 Non-Member Individual: $175

Member Team: $600 Non-Member Team: $700

email: staďŹ&#x20AC;@rmag.org

phone: 303.573.8621

Vol. 67, No. 1 | www.rmag.org

910 16th Street #1214, Denver, CO, 80202

fax: 888.389.4090

web: www.rmag.org

OUTCROP | January 2018

follow: @rmagdenver

RMAG LUNCHEON PROGRAMS Speaker: John A. Morel— February 7, 2018

The Johnson County Hydrocarbon Generation Cell, Powder River Basin, Wyoming A case history of Black Hills Exploration & Production’s exploration program in the western Powder River Basin By John A. Morel, Ph.D., Oil & Gas Explorationist, foxpark@pcisys.net over-pressured and hydrocarbon-saturated interval. BHEP logged the entire Cretaceous section and cored 4 formations. Mud logs, open hole logs, and core analyses confirmed the presence of hydrocarbons in a 4000’ thick active generation cell with at least 6 conventional and unconventional reservoir targets. Four of them were drilled horizontally and all four are producing hydrocarbons. Other targets within and above the generation cell remain to be tested. This talk presents log, core, and production data demonstrating the presence of the generation cell and multiple reservoirs.

Between 2012 and 2016 Black Hills Exploration & Production (BHEP) drilled 7 wells to evaluate conventional and unconventional reservoirs in an active hydrocarbon generation cell in Johnson County, Wyoming. The program included 2 pilot wells with cores and full logging suites plus 6 lateral boreholes in 4 different formations. There are currently 5 horizontal wells producing from 4 formations. The presence of an active hydrocarbon generation cell in Johnson County, Wyoming was postulated from several lines of evidence by various investigators including the USGS. BHEP’s concept was to verify the active generation cell and target conventional and unconventional reservoirs within the

gas, and horizontal resource plays. Companies: Black Hills Corp, Davis Petroleum Corp, Gustavson Assoc, Ventero Expl, Lexam Expl, Basin Expl, Timberline Energy, Independent Deal Generator, Foxpark Oil & Gas, 24

Gary-Williams Oil Prod, Davis Oil Co, and Amoco Production Co

OUTCROP | January 2018

Currently generating conventional, tight

JOHN A. MOREL, PH.D.: Forty-three years of exploration and development in the Rocky Mountain region incorporating geology, geophysics, engineering, economics, and creative deal structures. Also experienced in project evaluation, partner acquisition, acquisition/divestiture, and management.

Education: Ph.D. Geology, Univ Wyo; M.S. Physics, Univ Wyo; B.S. Physics, Ill Inst of Tech Amoco’s research and training center; DAPL lease, contract, and deal program Vol. 67, No. 1 | www.rmag.org

The Rocky Mountain Association of Geologists

2018 Sporting Clay Tournament

Registration opens 1/22/18 at 8:00am www.rmag.org

September

Kiowa Creek Sporting Club • Prizes for individual high score and team 1st, 2nd and 3rd ﬂights. • Includes one round of 100 sporting clays, lunch, and door prizes. • Does not include ammunition (please bring enough ammo for 100 clays or you may purchase ammo at Kiowa Creek). • You may also rent a gun for $20 onsite. • Carts are limited and on a first-come, first-serve basis. Please contact Kiowa Creek to reserve one

5 Person Team (member): $425 5 Person Team (non-member): $500 Individual (member): $85 Individual (non-member): $100

email: phone: 303.573.8621 Vol.staﬀ@rmag.org 67, No. 1 | www.rmag.org 910 16th Street #1214, Denver, CO, 80202

fax: 888.389.4090 www.rmag.org OUTCROP |web: January 2018 follow: @rmagdenver

Neil H. Whitehead, III Consulting Geologist PhD

CPG-AIPG

WELCOME NEW RMAG MEMBERS!

PG WY

Information about PetroFecta ® and other FIT services, callCentennial, 918.461.8984 Colorado. lives in or visit www.fittulsa.com

Jeneane Barber

Rocky Mountain Basins Wellsite to Petroleum Systems ArcGIS 303-679-8573

fax 303-679-8574

31634 Black Widow Way

neil3@q.com

Conifer, CO

Jennifer Graf

80433-9610

OUTCROP

is a Sr. Geologist at SM Energy in Denver, Colorado. www.rmag.org

James Kaltenback

is an Operations Geologist at Centennial Resource Development in Littleton, Colorado.

Jon Kell

works at USGS in Denver, Colorado.

IN THE PIPELINE Formation Evaluation • Petra® Projects Reserve Reports • Drilling Engineering • Well Plans

Bill Donovan

Geologist • Petroleum Engineer • PE

(720) 351-7470 donovan@petroleum-eng.com www.petroleum-eng.com

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VOLUNTER!

If you would like to volunteer for any of our committees or events, please contact the RMAG office at (303) 573-8621 or staff@rmag.org OUTCROP | January 2018

JANUARY 3, 2018 RMAG Luncheon. Speaker: Pete Stark. “Petroleum Industry Perspective 2018.” Maggiano’s Little Italy in Denver. Contact: staff@ rmag.org JANUARY 12, 2018 DIPS Luncheon. Speaker David Allard. “A World of Culture, Oil and Golf.” Members $20 and Non-members $25. For more information or to RSVP via email to kurt.reisser@ gmail.com. JANUARY 16, 2018 DWLS Luncheon. Speaker: TBA. 11:30 am. Cost: $20. Wynkoop Brewing Company, Denver. RSVP to Jennifer Bartell at 303-7704235 or visit dwls.spwla.org to pay via PayPal link. JANUARY 24-25, 2018 PTTC Rockies Short Course. Instructor: Dr. Ali Jaffri. “Log Interpretation of Clastic Depositional Environments.” Lakewood, CO. For more information contact Mary Carr(mcarr@mines. edu)303.273.3107 26

Vol. 67, No. 1 | www.rmag.org

OUTCROP | January 2018

Vol. 67, No. 1 | www.rmag.org

SHUTTERSTOCK

OUTCROP | January 2018

LEAD STORY

POWELL POWER Originally published by the Bureau of Reclamation massive with pronounced crossbedding and commonly indistinct horizontal bedding. The sandstone is moderately porous and highly absorptive, owing to the high capillarity created by the small size of intergrain pore spaces. Glen Canyon Dam is the second highest concrete-arch dam in the United States, second only to Hoover Dam which stands at 726 feet. The 26.2 million acre-feet of water storage capacity in Lake Powell, created by Glen Canyon Dam, serves as a ‘bank account’ of water that is drawn on in times of drought. This stored water has made it possible to successfully weather extended dry periods by sustaining the needs of cities, industries,

GLEN CANYON DAM Glen Canyon Dam, rising 710 feet above bedrock within the steep, rust-colored sandstone walls of Glen Canyon, was constructed to harness the power of the Colorado River in order to provide for the water and power needs of millions of people in the West. Navajo sandstone forms the canyon walls at the damsite and throughout most of the reservoir basin. The sandstone is remarkably uniform and homogeneous over wide areas and nearly identical samples can be obtained from areas separated by many miles. The Navajo sandstone is buff to reddish, medium to fine-grained, and moderately hard to soft. It is

Vol. 67, No. 1 | www.rmag.org

»»CONTINUED ON PAGE 31

OUTCROP | January 2018

LEAD STORY

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and agriculture throughout the West. Hydroelectric power produced by the dam’s eight generators helps meet the electrical needs of the West’s rapidly growing population. With a total capacity of 1,320 megawatts, Glen Canyon Powerplant produces around five billion kilowatt-hours of hydroelectric power annually which is distributed by the Western Area Power Administration to Wyoming, Utah, Colorado, New Mexico, Arizona, Nevada, and Nebraska. In addition, revenues from production of hydropower help fund many important environmental programs associated with Glen and Grand canyons. The designation of Glen Canyon National Recreation Area in 1972, underscores the value and importance of the recreation benefits associated

Vol. 67, No. 1 | www.rmag.org

with Lake Powell and the Colorado River downstream of the dam. The NRA is managed by the National Park Service. Glen Canyon Dam is the key water storage unit of the Colorado River Storage Project (CRSP), one of the most complex and extensive river resource developments in the world. Without it, development of the Upper Colorado River Basin states’ portion of the Colorado River would not have been possible.

»»CONTINUED FROM PAGE 29

• Russia, Kazakhstan & Indonesia

UPPER COLORADO RIVER BASIN HYDROLOGY The Upper Colorado River Basin regularly experiences significant year to year hydrologic variability. During the 18-year period 2000 to 2017, however, the unregulated inflow to Lake Powell, which is a good measure of hydrologic conditions in

»»

CONTINUED ON PAGE 32

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OUTCROP | January 2018

LEAD STORY beginning of water year 2000, total Colorado Basin

»»CONTINUED FROM PAGE 31

the Colorado River Basin, was above average in only 4 out of the past 18 years. The period 2000-2017 is the lowest 18-year period since the closure of Glen Canyon Dam in 1963, with an average unregulated inflow of 8.76 maf, or 81% of the 30-year average (1981-2010). (For comparison, the 1981-2010 total water year average is 10.83 maf.) The unregulated inflow during the 2000-2017 period has ranged from a low of 2.64 maf (24% of average) in water year 2002 to a high of 15.97 maf (147% of average) in water year 2011. In water year 2017 unregulated inflow volume to Lake Powell was 11.9 maf (110% of average), the fourth year to be above average. Under the current most probable forecast, the total water year 2018 unregulated inflow to Lake Powell is projected to be 7.64 maf (71% of average). At the beginning of water year 2018, total system storage in the Colorado River Basin was 32.9 maf (55% of 59.6 maf total system capacity). This is an increase of 2.7 maf over the total storage at the beginning of water year 2017 when total system storage was 30.2 maf (51%). Since the

storage has experienced year to year increases and decreases in response to wet and dry hydrology,

ranging from a high of 94% of capacity at the be-

ginning of 2000 to a low of 50% of capacity at the beginning of water year 2005. One wet year can

significantly increase total system reservoir stor-

age, just as persistent dry years can draw down the system storage. Based on current inflow forecasts, the current projected end of water year total Col-

orado Basin reservoir storage for water year 2018

is approximately 30.7 maf (52% of total system capacity). The actual end of water year 2018 system storage may vary from this projection, primarily

due to uncertainty regarding this season’s runoff

and reservoir inflow. Based on the October mini-

mum and maximum probable inflow forecasts and

modeling, the range of end of water year 2018 total system capacity is approximately 30.06 maf (50%) to 35.47 maf (59%), respectively.

OUTCROP ADVERTISING RATES 1 Time

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Visit www.rmag.org for more information and to join the 2018 Summit Sponsorship team.

email: staďŹ&#x20AC;@rmag.org

phone: 303.573.8621

Vol. 67, No. 1 | www.rmag.org

910 16th Street #1214, Denver, CO, 80202

fax: 888.389.4090

web: www.rmag.org

OUTCROP | January 2018

follow: @rmagdenver

RMAG FISCAL REVIEW 2017 By Karen Dean, 2017 Treasurer

offset the effects of the downturn across all aspects of RMAG operations; and careful planning by our Executive Director kept expenses under budget. Just like our members, RMAG staff and volunteers are doing their best to weather the latest downturn in commodity prices and employment levels. In 2017 the fiscal year was changed to reflect a calendar year, January 1st through December 31st. The change was made to a calendar year for accounting purposes, audit efficiency, and to reflect the Board of Directors terms. Prior to the change, the RMAG fiscal year ran from December 1st through November 30th. As a result of the fiscal year changing to a calendar year, RMAG membership will now be on a calendar year as well. In summary, 2017 was a rainy financial year for RMAG, but we’re weathering the storm!

Overall, revenue in 2017 was slightly lower than 2016 and much lower than 2015. This was to be expected, considering the downturn. As a result, our Summit Sponsorship was down a bit from previous years. RMAG did not host any AAPG events in 2017. Historically, hosting AAPG conventions has been an important source of revenue. We last hosted the national meeting in 2015 and will not host another Rocky Mountain Section Meeting until 2020. There was also lower attendance at RMAG events than in years past, which was also to be expected with the downturn. RMAG maintains a “rainy-day” investment portfolio to help RMAG manage swings in income and expenses from year to year. The upsides of 2017 are that the RMAG investment portfolio was well managed by the RMAG Financial Committee making it possible to

Are You a Photographer?

Rocky Mountain Association of Geologists would like to invite you to submit your digital images that capture the geology of the Rocky Mountain region. Pore Throat to Outcrop, Modern Analogs, Oilfield Activity (Rigs), Dinosaur Trackways. These images will be used on the cover of the Outcrop and a select number will be used in a forthcoming RMAG Calendar.

• All images will be accredited to the photographer • A brief description of the image (location, formation, significance) • The file size must be 300dpi or greater and be in TIFF or JPEG format. • Limit 10 images/person

Submit images to: Cheryl Fountain, cwhitney@alumni.nmt.edu

OUTCROP | January 2018

Vol. 67, No. 1 | www.rmag.org

ADVERTISER INDEX

• Crown Geochemistry �� 14

• Neil H. Whitehead, III �� 26

• Daub & Associates, Inc. �� 14

• PTTC �� 15

• Denver Earth Resources Library �� 22

• QEP Resources �� 17

• Discovery Group (The), Inc. �� 31

• Sinclair Petroleum �� 14

• Donovan Brothers Inc. �� 26

• SM Energy �� 27

• Geokinetics �� 14

• Spancers & Associates �� 26

• Geomark �� 18 • Geostar Solutions �� 26

• Stoner Engineering (SES) �� 27

• Laramide Geosciences �� 14

• Sunburst Consulting �� 22

• Lario Oil & Gas Company �� 17

• Tracker Resources �� 18

CALENDAR | JANUARY 2018 1

RMAG Luncheon.

NEW YEARS DAY

DIPS Luncheon.

MARTIN LUTHER KING DAY

DWLS Luncheon.

PTTC Rockies Short Course.

Vol. 67, No. 1 | www.rmag.org

OUTCROP | January 2018