SEG-EEGS Merger Negotiations Have Been Terminated
On May 9, 2014, the SEG Board unanimously reversed a decision of the previous SEG Board regarding formation of a Near Surface subsidiary, thereby effectively terminating the merger plan because that was one of the key points that EEGS would have required in any signed agreement.
Against the larger backdrop of being fiscally strong and a persistence to explore all options, we simply could not agree that a subsidiary structure was the only option that should be provided. We’ve been working on this together with the Environmental and Engineering Geophysical Society for over 3 years and as we came up to the time to decide this, it was clear a tough call had to be made.
As a society that essentially serves some 32,000 stakeholder members such as yourself, we have to apply the most stringent degree of analysis to any new effort and in doing so, decided to not pursue a subsidiary organizational structure. The choice to pursue other organizational structures will open up different ways for the SEG’s growing community of near-surface volunteers to continue to increase and enhance events, publications and professional development activities. Indeed, the portfolio of choices for those with near-surface interests has never been stronger with the SEG.
In response to this decision by the SEG Board, on May 21, 2014, the Environmental and Engineering Geophysical Society (EEGS) informed the SEG that effective immediately, the EEGS Board of Directors had opted to discontinue merger discussions with SEG. While we, as your SEG Board of Directors, were disappointed by this decision, we understand and respect their choice to do so.
SEG has a long history of providing world renowned programs that serve the members and the geophysical industry at large. Our commitment and resolve to provide a equally strong near-surface program will be no different. As I have stated on many occasions as recently as 2014 SAGEEP, “If SEG doesn’t embrace the near-surface, SEG as an entity will sooner or later go away. Near-surface geophysics is going to continue to grow.” We are committed to this endeavor, as an organization and as your board, for this to not just thrive but be propelled forward.
While disappointed in this turn of events, together with efforts of many within the SEG, we will continue to contribute and serve this vibrant near-surface community. Of particular note, I wish to thank the task force members who put in significant effort to explore this possibility. They did so to both serve this community and many of us within the SEG who have near-surface interests.
We greatly thank EEGS for their contribution to this discovery process as well as our volunteers who have served us well in shaping this path. We applaud their efforts and will continue to collaborate with EEGS on other joint activites in the future.