Abstract
Historically, a gross revenue of $3 million (constant 1992 dollars) has been needed for each U.S. member of the Society of Petroleum Engineers (SPE) and the American Association of Petroleum Geologists (AAPG). This revenue per member is used with projected U.S. oil and gas production and price estimates to predict future U.S. SPE and AAPG membership levels, and hence, future demand for petroleum engineers and geologists. A large short-term membership decline of as much as 25% followed by a long-term decline of between 1 and 10% per year is projected. Remaining oil and natural gas production is projected to be between 30 and 118 billion barrels and 232 and 647 Tcf respectively. Price, new technology, access restrictions, environmental regulations, and premature abandonment of fields were considered in these projections.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
