American Oil and Gas Reporter - April 2018 - 18

service would send Aunt Betty a letter for $0.04, and one
form an oil and gas magazine amid the 1958 recession? That
could munch on celery all day, since it was sold at the
would have been a sudden onslaught of punitive
corner grocery for the same amount. Coveted Kraft
regulations that were haunting a newly formed Eastern
caramel candy demanded a king's ransom at $0.37 a
Kansas Oil & Gas Association, as well as the Kansas
pound, and for those so inclined to get a college degree at
Independent Oil & Gas Association. It was a harbinger of
one of the nation's finest universities, tuition at Harvard
things to come from federal and state regulatory entities,
was $1,250 a year.
including agencies charged with managing public onshore
and offshore lands.
Domestic natural gas was plentiful, but one could argue it
hadn't quite come into its own, at least in terms of its
Indeed, ill-advised legislative, regulatory and taxing
importance today. Its price would yo-yo around Mother
jurisdictional problems would be the impetus over the years
Nature's proclivities, much as it still dances around weather
for the formation of each of the 29 producer/operator
demand cycles today, despite the ongoing growth in base
associations The American Oil & Gas Reporter now serves as
load demand.
Official Publication. Even in the Republican Trump
After all, it was only a few years ago that natural gas
administration, where some of the more onerous regulations
passed coal as the largest energy source for U.S. power
are being postponed or repealed, there is more than enough
generation. Increased industrial demand continues, too, and
trouble at all levels of government to go around.
domestic LNG export facilities are only now coming on to
Oil and natural gas as we
send America's natural gas
know it, with its base
bounty to countries that
characteristics for
The American Oil & Gas Reporter serves as the
need it all around the globe.
everything from the food we
Official Publication for 29 state and regional oil and
Exports from the first
eat to raw manufacturing
gas producer and operator associations, providing a
trains at Cheniere's Sabine
materials to transportation,
unique communications network with respect to
Pass LNG export facilities
is mankind's fuel for
national, state and local legislative, regulatory and
coincided with another
sustenance. It's no wonder
legal matters. AOGR provides the associations' Official
industry "near 60-year
how essential it is to
Convention News, including business, financial and
milestone." The U.S. Energy
maintain a fair environment
technical proceedings, as well as their public outreach
Information Administration
programs, from elementary, junior and high schools
for the necessary growth in
notes that about this time
to area town halls. A list of the associations, complete
its supply.
last year, the United States
with their current elected officers and chief
And that brings us to the
became a net exporter of
executives, follows this introduction.
increasingly
sophisticated
natural gas for the first time
technology needed to
since 1958. That is
produce it economically,
something to give one
even more so during times like today, when the
pause. Indeed, it is but one of the leading indicators that
foretell of better days to come for all involved in the
difference between profitable developments and losses
upstream oil and gas industry.
is precarious, at best. Hence, AOGR's long-standing
relationship with all of the industry's technical societies,
That accomplishment may be coincidental, but
academia and "think tanks."
interesting factoids run like a river throughout this month's
Vision2020 special reports. Why not have some fun with the
Make no bones about it, this industry's game-changing
potential for a three-year-and-then-some run after the last
technology can emanate from bright minds at the micro
three years of rough and tumble?
level of privately owned oil and gas companies to giant,
publicly owned independent producers and major
In other news, data provider Preqin estimates that private
integrated oil companies, and to all of the state-of-the-art
equity firms today are sitting on more than a $1 trillion
R&D centers coming on stream at the industry's big service
"problem" of uninvested capital that needs a home for the
healthy investment gains that private equity requires. One of
and supply companies.
the oil and gas industry's private equity managers puts that
Speaking of new technology, it is interesting to note that
figure at a mind-bending $9 trillion.
one of the guest authors in the inaugural 1958 issue
Had that grand pile of cash been around in dad's days, I
doubt the fund managers would have glanced at AOGR's fourdigit startup costs. Yet in the early years, dad was grateful his
pal George Angle, president of Frontier Oil Company and Red
Tiger Drilling Company, also owned a bank.
What possessed my dad, a previous globetrotter who had
promoted the Wichita-based National Baseball Congress, to
18 THE AMERICAN OIL & GAS REPORTER

addressed the promises of directional drilling and hydraulic
well fracturing. While that was a long time before horizontal
drilling and pad lease developments were on the
technology radar screen, it is an enlightening observation to
share with those who do not have a clue that the industry
has been conducting safe and responsible well fracturing
operations for 60 years!



American Oil and Gas Reporter - April 2018

Table of Contents for the Digital Edition of American Oil and Gas Reporter - April 2018

Contents
American Oil and Gas Reporter - April 2018 - 1
American Oil and Gas Reporter - April 2018 - 1
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American Oil and Gas Reporter - April 2018 - Contents
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