Surviving the '80s panel discussion

On Wednesday December 2, 2015 the AAPG Student Chapter in the Geosciences Department of the University of Arkansas convened a panel discussion on Surviving the '80s. Chapter President Abram Barker chaired the session and panelists were:

1. Christopher Liner (professor of geosciences, U of Arkansas)
2. Mac MacGilvery (ConocoPhillips, retired)
3. Robert Liner (Stephens Prod. Co., geological manager)
4. Gerry Lundy (Hogback Exploration, owner)
5. Steve Milligan (Lawco Energy, geophysicist)
6. Philip Shelby (Lawco Energy, geologist)

The discussion centers around experiences and advice from the panel about how they made it through the 1985-8 severe oil & gas industry downturn, the best good analogy for the situation today. For a graphical representation of the current downturn, see this page on Prof. Liner's Seisms Blog. Based on analysis of the north america rig count, it seems the current downturn is just as deep (70% drop) as the 1980's, but has taken half the time to get there. Prevailing opinion has any kind of oil price recovery 12-24 months away.

The panel discussion audio file is available here (80MB, m4a format).

The AAPG Student Chapter expresses deep appreciation for the panelists who participated in this event.