Word From the Board - October 2016
Dennis Sump - 2nd Vice President
Greetings from the newly elected Board of Directors of the Geophysical Society of Houston. As we head into the 4th quarter of 2016, it is time we examine the status of our industry. The Oil and Gas industry has continued to step-back and recharge due the lower energy prices. This has been a very painful and stressful time for companies and our professionals and their families. However, since the first of year we are starting to see glimpses of industry recovery. The price of WTI at the end of 2015 was hovering around $30 per barrel. The price on August 12 was just south of $45 per barrel. A 50% increase over 8 months ...
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