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Jan 1, 1931

By F. L. Wolf, G. E. Alderson

The reclaiming of nietallics from slag and sweepings is of vital interest to every brass-foundry man, but the first cost and interest on the investment often make it prohibitive for the small foundry to enjoy the benefits of a complete concentrating unit. However, the cost of such an installation and the cost of operation are often exaggerated to such an extent that foundries dispose of their copper-bearing refuse at a great loss. This paper gives the actual costs and the returns obtained in the reclaiming plant used at the Ohio Brass Co. This plant is divided into two sections—the preliminary treatment and concentrating departments. In the former occur the screening, crushing, and hand-picking operations whereby rnost of the non-valuable and heavy metallic constituents are removed. The concentrating equipment consists of an elevator, bins, jigs, ball-mill, arid table. Preliminary Treatment The preliminary treatment varies, depending on whether the material is slag, foundry-floor sweepings, or brass casting-floor sweepings. Material of the first class is produced from the operation of six Steele-Harvey and six Schwartz furnaces; the second class represents sweepings from an average of thirty-five. molding floors per day: and the last is collected around the sprue cutters and knockout bench. Treatment of Slag The slag, analyzing 30 to 40 per cent. copper, is passed over a 3-mesh yard screen (Tyler standard mesh) stretched on an inclined rectangular frame supported by adjustable legs and equipped with a hopper which directs the undersize into a barrow. The fine product, running about 20 per cent. copper and representing 20 to 25 per cent. of the total slag, goes direct to a storage bin for concentrator frrd. The oversize is charged into a No. 2 Hill cinder crusher, which takes 175 to 200 11,. to a charge and crushes two charges per hour through 'a No. 4 riddle. It

Jan 1, 1921

President MRS. HARRISON SOUDER south Paramus Road Ridgewood, N. J. First Vice-president MRS. ROBERT HURSH New York N. Y. Second Vice-president MRS. RICHARD LLEWELLYN LLOYD Great Neck, L. I'. N. Y. Third Vice-president MRS. PERCY E. BARBOUR New York N. Y. Fourth Vice-president MRS. E. P. MATHEWSON Tucson Ariz.

Jan 1, 1937

By Norman L. Wimmler, H. G. Iverson, S. Ricker, P. E. Oscarson, S. H. Lorain

THIS paper has been prepared with the principal objective of recording the results of the Bureau of Mines exploration of five major clay deposits in the Western Region. It is based mainly on data contained in unpublished Bureau of Mines reports. Acknowledgment is made to the Federal Geological Survey for its cooperative work with the Bureau of Mines, to the various State geological and mining departments, and other State and local agencies. CLAY EXPLORATION BY THE BUREAU OF MINES Much has been written and published on clays and clay deposits relating to their refractory, ceramic, and other qualities but such literature is lacking in analyses of the available alumina content of the clays and provides little indication of their possibilities as a source of alumina. With this new objective in view, a great many of the known clay deposits were reexamined and new ones discovered. The Bureau of Mines made preliminary examination of numerous areas in the western United States. Five of those most favorably indicated were systematically drilled, and in each a large amount of high-alumina clay has been found. These five major projects are Molalla and Hobart Butte, in western Oregon; Cowlitz-Castle Rock, in southwestern Washington; Lone, in California; and the Olson-Troy area in Idaho (Fig. I). Preliminary scout drilling was done in the Stockton deposit at Coeur d'Alene, Idaho; the Whiteware deposit near Lewistown, Mont.; and 13 areas in the Spokane or eastern Washington region, where the most favorably indicated area, known as the Excelsior, is now being drilled more systematically. Preliminary drilling was undertaken in numerous areas adjacent to the major deposits and others more remote. As a result, large additional clay possibilities were found. THE CLAY DEPOSITS The clay deposits under consideration are of the sedimentary or transported types, parts of which have been altered further by the agencies of weathering, ground water, or hydrothermal action. There are extensive deposits of residual clays in northern Idaho and in eastern Washington, but they have been found to be low in the available alumina and to contain much free quartz, mica, and unaltered feldspar. To be of value, they must first be subjected to beneficiation to remove these gangue minerals. The sedimentary clays have been derived largely from the decomposition, erosion, and transportation of granites, gneisses, schists, and basalts. At Molalla, some

Jan 1, 1944

By Thomas E. Ban, Charles D. Thompson, Charles A. Czako

Continuous sintering-a metallurgical process for more than 50 years-has broadened from its origin in nonferrous metallurgy to present-day applications in ferrous, chemical, and nonmetallic fields. During the past year, self-fluxing sinter production has been a subject of active interest to iron metallurgists in North America. Accomplishments however, have come predominantly from Europe and proper interpretation of these reports requires an understanding of European raw materials and European economics. The technology, of course, can be applied universally.

Jan 10, 1959

By A. H. Larson, T. P. McNulty

RECENTLY, an investigation of the absorption of sulfur dioxide gas in molten binary copper alloys was conducted. A Sieverts-type apparatus, consisting of a mercury-filled gas dispensing buret and a mercury manometer, was used initially for determining the volume of gas absorbed as a function of pressure. The equilibration behavior of the alloys studied indicated that the mercury in the gas measuring system was absorbing sulfur dioxide. Owing to the widespread use of mercury as a displacement medium in absorption studies, an investigation was made to determine the nature and magnitude of the mercury - sulfur dioxide absorption effect. The gas measuring system was modified by substituting a Worden Quartz Products Type PDHV fused-quartz-spiral pressure gage for the mercury-filled dispenser and manometer. The dispensed gas volume at known temperature and atmospheric pressure was measured by evacuating a Pyrex vessel of known volume and by admitting sulfur dioxide into the vessel until the attached quartz pressure gage registered atmospheric pressure. Atmospheric pressure was measured concurrently with a separate mercury barometer. The volume of the empty sample chamber and its attendant apparatus was determined by measuring the equilibrium pressure accompanying the addition of a measured volume of sulfur dioxide into the initially evacuated system. The volume of the mercury sample was calculated from the density of mercury at the temperature of the study (25°C). Measured volumes of sulfur dioxide were then dispensed into the system and the equilibrium pressure accompanying each gas addition was determined. From the difference between the system volume and the mercury volume, the number of moles of gaseous sulfur dioxide remaining in the system at each pressure was calculated. The difference between the number of moles of gas dispensed into the system, denoted Enso2: and the number of moles of gas remaining in the system after absorption equilibrium had been attained, denoted nso2(g), was equal to the number of moles of absorbed gas, denoted nSO2. The number of moles of absorbed gas was then converted to absorbed volume, denoted VSo2, in cu cm at stp conditions of (PC and 760 mm Hg. Table I contains calculated values of Snso2, nSo2(g), and VSo2 for different sulfur dioxide pressures. In the original system, denoted Run I, volume limitations of the gas dispensing system prevented absorption studies at equilibrium pressures near atmospheric pressure, so a different gas dispensing system, denoted Run 11, was used for determining the last pressure reading in Table I. The data in Table I are expressed in terms of the absorption of sulfur dioxide in 49.68 cu cm of mercury. In Fig. 1, these data are expressed in terms of the absorption of sulfur dioxide in 100 cu cm of mercury. Since the absorption data plotted in Fig. 1 show a linear relationship, the volume of sulfur dioxide absorbed in mercury is a function of the first power of pressure. The absorption reaction is So2(gas) = SO2 (in Hg) The first-power pressure dependence, coupled with the fact that the sulfur dioxide could be removed from the mercury by applying vacuum, indicated reversible

Jan 1, 1967

By J. E. Kirby, L. B. Schnitz, H. E. Stamm III

The production history of a gas-cap-drive reservoir was reproduced by calculations, and predictions were made for operations under primary depletion, pressure maintenance by gas injection, and pressure maintenance by water injection. Although the general equations used in this analysis have been available to the industry for a number of years, the procedure has not had extensive use because of the unusually large time requirements for developing numerical results. The use of digital computing equipment for processing the calculation work generally reduced the time usually required for an extensive analysis of this type. Calculation techniques were developed that were equally applicable for solving the gar-cap-drive problem, whether digital computing equipment or desk calculators are used. These techniques are outlined and the procedures are illustrated by the field problem. INTRODUCTION The analysis of a gas-cap-drive res-ervoir requires the simultaneous solution of the volumetric balance1 and displacement2 equations. Equations for the analysis of combination drive reservoirs were presented by Wooddy and Moscrip in a previous paper." These equations permit the evaluation of possible operating processes in order that the optimum method of pro- ducing the reservoir may be determined. Although these equations represent the basic technique known for the detailed analysis of gas-capdrive reservoirs, the calculation processes are quite complex and time consuming; hence, the procedure has not had extensive use. Recently, these equations were satisfactorily applied with the aid of a digital computer to investigate the completion history of a gas-cap-drive reservoir under the following operating methods: primary depletion, depletion under full pressure maintenance by gas injection, and depletion under full pressure maintenance by water injection. The use of digital computing equipment substantially reduced the time necessary for making the computations and permitted a more concise investigation of the reservoir's depletion history than was possible when the desk calculator was used. This more rigorous investigation also permitted a detailed analysis of the calculation procedures necessary in the solution of the gas-cap-drive problem. This paper outlines the procedure of analyzing a gas-cap-drive reservoir and illustrates the process with an actual field problem. CHARACTERISTICS OF THE RESERVOIR ANALYZED Production in the field under consideration is obtained from a Frio formation of Oligocene age at a depth of approximately 5,740 ft sub-sea. The accumulation, which is bounded on the flanks by strand lines, is semirectangular in shape with gentle narrowing toward the base of the structure as shown by the sand limits and completion map in Fig. 1. The reservoir development indicates an oil column of 319 ft that is defined by gas-oil and oil-water contacts. Basic data relative to the characteristics of the formation and the formation fluids are shown in Table 1. The formation exhibits considerable shaliaess and thinning near the oil-water contact indicating that little or no benefit will be received from natural water influx. This is substantiated by the fact that wells completed near the original oil-water contact have not produced water. A sizeable gas cap is present; however, considerable faulting is in evidence, and it is believed that only a limited portion of the gas cap will aid in oil displacement and pressure maintenance. Although the reservoir was in an initial stage of depletion, it was believed that as soon as the equilibrium gas saturation in the oil zone was exceeded and a number of upstructure wells were invaded by the expanding gas cap, the resulting high gas-oil ratio production would rapidly dissipate the natural drive and lead to limited oil recoveries and inefficient reservoir operation. This analysis evaluated the effectiveness of the primary displacement mechanism and

Jan 1, 1958

By R. V. Norris

In a former paper on this subject,' I summarized Murgue's theory and experiments, and presented a large number of tests of mine-fans, stating some conclusions, " more or less warranted by the evidence," as to design, capacity and efficiency. Since that time the very valuable report of Mr. M. Walton Brown: Committee on Mechanical Ventikators, Institution of Mining Engineers, has appeared, and I have made additional experiments which tend to clear up some points in connection with this subject. Design and Tests of the Luke-Fidlbr Colliery Fan. The Luke-Fidler fan (see Figs. 1, 2 and 3), built to replace an old wooden fan at a very fiery colliery, presents some pecu-

Jan 1, 1905

By C. G. Dunn

With respect to theories of recrystalliza-tion in metals plastically deformed. it has been said that the present status of this subject is far from satisfactory.1 It may also be said that before any mechanism of recrystallization for metals and alloys can be set forth in a satisfactory manner, there must be made available considerable data on orientation changes that occur during the deformation and recrystallization processes. Although extensive data have been published on recrystallization in single crystals and in poly-crystalline specimens, more results of a type that can be classified according to simple orientation changes would be desirable in this complex field. It might even be said that before classifications are made according to types of orientation changes, it may be possible to classify a considerable amount of data into certain kinds of orientation states if groups of common or nearly common orientation occur. Methods for computing the probability of occurrence for various types of groups have been published2 and it has been pointed out in particular that it should be possible to analyze orientation data for high-order twin relationships between old and new grains even when agreement is not at all exact. In this connection, work on recrystallization in silicon ferrite reported in a paper concerned with complex groups of annealing twins3 indicated that some data were consistent with primary nucleation OCcurring according to a second-order or a third-order twin transformation. However, further work in this latter direction was definitely needed. It is, therefore, the purpose of the present paper to report data and analyses for primary nucleation in silicon ferrite following small deformations that have been carried Out at the Pittsfield Works' Laboratory of the General Electric Co. Analyses have been made with the aid of standard groups of twins that are reported elsewhere.4 PReparation oF Specimens and Experimental Procedure The material used in the present investigation was taken from the same heat of steel as that .used in a prior report.3 The finished strip in both cases was made by the Allegheny-Ludlum Steel Corporation according to methods that produce a high degree of preferred crystal orientation. Samples with large grains had the following composition: 3.45 per cent Si, 0.003 C, 0.008 P, 0.020 S, 0,075 Mn, 0.03I A1 and 0.072 Cu. Thickness of specimens was 0.012 inches. Plastic deformation was produced by cold-rolling the samples on a mill with 8-in. diameter rolls, the plane of the sample in each case coinciding with an XY plane (the plane of projection for the stereo-graphic plots) and the elongation occurring in the X direction. In general, elongations were held to about 3 or 4 per cent.

Jan 1, 1945

By George Rice

THE A.I.M.E. Ground Movement and Subsidence Committee, pro-posed in 1920, held its first technical meeting in February 1923, under the able chairmanship of Mr. H. G. Moulton. The following list of papers and discussions, indicating the scope of the problems and relation to various conditions and method of mining, were given at that meeting by the distinguished mining engineers: J. Parke Channing, on Subsidence at Miami, Arizona; Howard N. Eavenson, on Mining an Upper Bitu-minous Seam after a Lower Seam Has Been Extracted; J. J. Rutledge, on Subsidence in Two Oklahoma Coal Mines; Benjamin F. Tillson, on Caving Cracks at the Franklin Mine, New Jersey; Dr. F. W. McNair, on the Dome Theory; William Kelly, on disadvantageous effects in Mining and Back-filling Working Upward a Steep-Pitching Iron-ore Bed; Eli T. Conner, on the good results of Back-Filling by Hydraulic Means in Preventing Destructive Subsidence in the Anthracite District; Thomas H. Claggett, on the merit of Systematic Pillar Drawing in Preventing Cracks in an Upper Seam; Henry H. Otto, successful results in the anthracite district in Mining Lower Seams before Upper Seams; Douglas Bunting, on Leading Factors Incident to Successful Mining of an Overlying Seam; Edwin Ludlow, on there being "less damage to buildings when there was complete removal of coal with complete packing than when room and pillar is used without extracting the pillars"; Edward O'Toole on "bumps" in eastern Kentucky mines, which he thought were the result of geologic stresses: H. A. Buehler, on Upheaval of Surface in an Illinois Case in Advance of the Face; and R. Dawson Hall, on The Mechanics of Subsidence from Mining. The author of this paper discussed various Winds of problems of ground movement and subsidence in both metal mining and coal mining; the production of great landslides by workings near an outcrop, as at Turtle Mountain, Alberta, Canada; and general

Jan 1, 1939

By Thomas Read

PERSONNEL work is a term recently introduced to cover the great variety of activities in industrial work that deal with the human factor. Much attention has been focussed upon individual phases of personnel work, such as accident prevention, sanitation, "welfare" work, reducing labor' turnover, and so on. In most cases these activities have been carried on as though they were distinct and separate fields; as a matter of fact, they are only different phases of the single problem of human engineering, and each has important and fundamental relations with the others. Thus, for example, high labor turnover is one of the most .important causes of a high accident rate, and unsatisfactory housing conditions are an important cause of labor turnover. In the early stages of the study of these problems, it was necessary to take them up separately; the time has now arrived at which it is desirable to consider them as a whole in order to bring them into the right relation to each other. When thus considered as phases of an interrelated whole, they may be grouped as personnel work. A discussion of the importance of personnel work as a means of in creasing dividends in industry may be objected to by some as a too materialistic way of looking upon work that is humanitarian. Nothing could he more mistaken than such an opinion. Humanitarianism, per se, has no place in industry, and nothing is gained and much is lost in pre tending that it has. The only reason why a corporation engages in business is to make profits, and any activity of the corporation that does not tend either directly or indirectly toward that end is poor business. It is equally poor business to overlook any activities that do tend indirectly to the making of profits. On this basis, personnel work can be justified as a corporate activity; there is no justification whatever for abstract humanitarianism from the business standpoint. One characteristic of the American workman is a general high level of intelligence, and it is an insult to intelligence to ask a man to believe that anything so impersonal as a corporation is really desirous of benefiting

Jan 10, 1917

Shoemaker: We've all heard a lot about epoxy liner backings. This brings up the question-do zinc furnaces still have a place in a new plant? Meaders: I would, you must understand, be prejudiced in this question because we introduced epoxy backing into the industry. Naturally, we wouldn't have done so if we didn't think it should be done. With that background maybe I could give a little more information on this particular subject than some of the others, because we now have been in this business for some three or four years.

Jan 11, 1967

By Ingvar Janelid

DURING the last ten years, in the effort to save manpower and costs, methods of drilling and blasting in Sweden have changed and developed in a revolutionary manner. These developments have been accompanied by extensive alterations in methods of tunneling and in mining technique. Since the end of the 1940's there has been a 100 pct change-over in Sweden to the use of tungsten carbide tipped drill steel. Both investigations and practical results have shown clearly that a tungsten carbide chisel bit fastened directly on the drill steel is the most economical for Swedish conditions. This applies to drill steel up to the longest size it is practical to handle. In terms of drilling footage, durability of the drill steel and the tungsten carbide bit is generally the same. In this respect, therefore, a detachable bit offers no advantage over integral steel. Transportation of integral steel to the grinding plant, instead of detachable bits only, involves heavier work, but this is counteracted by placing grinding plants closer together or by grinding at the working place itself. The drilling rate with integral steel is higher, the trouble of changing bits is avoided, and the difficulties which always arise with joints are eliminated.

Jan 6, 1954

By Marcel Daly

THE writer has devoted a number of years to practical operations and to the study of geology in the oil fields. In consequence, he has been brought to investigate the theories advanced to account for the accumulation of oil and gas in commercial deposits. It is the result of these investigations and his personal conclusions that he wishes to sum up in this paper. The writer is an advocate of the organic origin of petroleum found in pools. He has been led to believe that the present theories of oil and gas accumulations are incomplete and, in certain respects, incorrect, although they may embody certain elements of truth; that the forces that are called upon to explain the movement are only secondary forces in the process, and insufficient, by themselves, to cause this movement; and that the phenomenon of accumulation is of much larger order than heretofore admitted and bears an intimate relation with the general as well as with the local deformations of the crust and is a direct consequence and a mechanical effect of these deformations to which the term "diastrophic" has been applied. As a complement to this theory, the writer offers a new interpretation of the "rock pressure" and of the mechanism of the "sealing up" of this pressure in oil and gas pools.

Jan 7, 1916

By W. T. Thom

Interest naturally attaches to fissuring and subsidence of the earth's surface, whatever the cause may be, and the induced movement and fissuring of the impervious strata overlying an oil sand is of even greater practical importance because of its bearing upon the recoverability of the portion of the oil not already extracted or extractable by ordinary production methods. It is probably true that significant ground movement induced by oil production occurs only in oil fields in relatively young formations, where the oil comes from incoherent or only slightly cemented sands and oil-soaked clays, but inasmuch as a great proportion of our "gusher" wells produce from "running" sands and yield a large part of the total oil output, it seems worth while to make an effort to inspire the collection and recording of data indicating the nature and magnitude of oil-field subsidence, both surface and subsurface. Goose Creek Field The single known instance in which the nature and magnitude of the surface subsidence incident to petroleum withdrawal has been accurately ascertained is that in the Goose Creek oil field of Texas, described by Pratt and Johnson.' There subsidence caused the submergence of a considerable area within the oil field, and, because the title to the naturally submerged lands of Texas rests in the State, it became necessary to determine whether the submergence was due to natural or artificial causes. A detailed study revealed that the sunken area conformed very closely to the limits of the productive oil field and that the cumulative depression over an eight-year period ranged from zero at the margin to 3.25 ft. at the center. This depression was accompanied by the development of local marginal surface fractures along which the subsiding ares

Jan 1, 1927

By D. M. Wade, F. F. Redfield

PRODUCTION at Aguilar started in 1936 and by 1942 the mine had reached a peak of 25,000 tons a month. Present production is only about 60 per cent of this capacity because of difficulties in railroad transportation and the rationing of fuel oil brought about by the war. In the early years, cut-and-fill stopes were tried, but square sets were found to be the most practical method in the southern section of the mine, where blocky, treacherous ground and greater mining widths are prevalent. Square sets and opencut mining were the rule until 1942, when it became increasingly difficult to get mine timber. The ore beds in the northern section of the mine were found amenable to cut-and-fill stoping as the rock was firmer and the veins narrower. At present 69 per cent of the ore comes from cut-and-fill stopes, 27 per cent from opencut, and only 4 per cent from square-set stopes. Massive galena and sphalerite with comparatively little quartzitic gangue constitutes the higher-grade ore. The gangue minerals that can be detected by eye in low-grade ore are rhodonite, wollastonite, and pyrrhotite. Wall rocks range from shale to quartzite, with occasionally a little limestone.

Jan 1, 1947

By Courtenay de Kalb

REVISION of the United States mining law is needed. chiefly because of the following reasons: 1. The conceptions as to the characteristics of orebodies that were held at the time the statute of 1872 was enacted have since proved to be in many respects erroneous. 2. The operation of the existing law has been found to work unnecessary hardship upon many claimants to mineral land. 3. The existing statute fails in large degree to encourage development of mineral resources. 4. The existing law often produces conflict between placer and lode-claim rights, working unnecessary injustice to placer claimants. 5. The methods of establishing the rights of locators on United States mineral land are defective, and are not uniform throughout the States within which such lands exist. LAW OF THE APEX The objections to the so-called "law of the apex" are so well known as to require no detailed statement. It is sufficient to point out that the apex rule was based upon the notion that ore deposits consisted of well-formed veins included between definite walls, like the slice of ham in a sandwich. The fact is that veins conforming to that simple type are rare. Irregularity is the rule, and the chief metal production of the United States comes from masses which bear no resemblance to the tabular form of vein. Manifestly the law of the apex fails completely in such cases. Moreover, the tendency is constantly toward the exploitation of ores of lower grade than could formerly be worked, and such deposits exist mainly in the form of large irregular impregnated zones and masses, so that the future. development of our mineral resources would be continuously embarrassed by shadowy claims to extra-lateral rights by the locators of so-called apexes

Jan 2, 1915

By William E. Schoeneck

This paper presents the problem of oil-well abandonment as a group of studies involving the compilation of physical well data, the use of special curves, maps, and interpretative Procedures, in order that operations can be analyzed and means for reducing costs can be effected. Methods for the calculation of the economic limit of production and resultant oil reserves are suggested in order that profitable production may be continued and premature abandonment prevented. INTRODUCTION Purpose Extensive studies have been made and much has been written on the procedures for prospecting, drilling, completion, production and repair of oil wells, but the writer has long felt the need for a study of the procedure that should be followed when considering the abandonment of a well. The production from numerous well bores of a fluid material (a circumstance peculiar to the oil industry) that is continually decreasing in quantity leads to an increasing ratio of operating cost to production. It is for this reason that oil fields are not abandoned as a whole and detailed consideration of each well is required before it can be determined whether more is being expended than will be returned On any well or lease in question. It is the purpose of this paper, therefore, to compile, correlate, and present all matters worthy of consideration in the problem of oil-well abandonment; to suggest interpretative procedures based on such compilations, to the end that reliable estimates of reserves and life may be obtained; to show, as a result of such interpretative procedures, the possibilities for corrective measures conducive to economical production, thereby extending both profitable reserves and length of life. Scope and Approach Compiling data and outlining a study having the complexity of the problem at hand are naturally subject to the personal experiences of one who undertakes the study; however, the chosen approach and grouping of the subject material may be helpful in the consideration of abandonment problems. Consideration has been given to wells that make gas and water incident with the production of oil; but consideration has not been given to either gas wells or condensate-producing wells, for wells of the latter type have sufficient problems to warrant separate investigation. The major subdivisions of this paper-— physical considerations and economic considerations—do not imply that either of these phases can be considered independently, but rather that the two are mutually dependent and are the component parts of an engineering study.

Jan 1, 1946

By Henry Fernald

THE accounting system or bookkeeping methods of any company are principally the concern of that company and of those who are in control of its affairs. Its published financial report is, however, primarily intended for those who are not already fully informed regarding its operations and finances. Whatever may be the advantages of standardization of accounting and bookkeeping methods, it must be admitted that a company has a certain right to handle its accounts and keep its books and records in whatever manner may seem to it best adapted to its affairs, even though such methods may differ materially from those generally adopted by others. In its financial reports it should not, however, either ask or expect that the statements it makes or the terms which it uses will be given in its case a meaning and interpretation different from that which they are ordinarily considered to have inn similar reports and statements of other companies. The particular form and arrangement of such reports is a matter concerning which there may be much difference of opinion. It is of little importance whether current assets come first or last in the Balance Sheet, but it is important that there should not be included under this designation any items which are not properly current assets within the generally accepted meaning of that term. The extent to which stockholders or others interested are to be made acquainted with the full details of a company's business is a question which the proper authorities must in each case decide. It should, however, be recognized that there are certain facts regarding a mining company which must be set forth in a financial statement if it is fully to cover the conditions and affairs of the company. For example, a financial statement which does not include or is not accompanied by a statement of the ore reserves of the company does not fully set forth its financial condition. This is true whether the absence of such a statement of ore reserves is because it is not desired to make public the figures or whether it is because the ore reserves themselves are not definitely known or accurately measured.

Jan 1, 1928

By William E. Schoeneck

This paper presents the problem of oil-well abandonment as a group of studies involving the compilation of physical well data, the use of special curves, maps, and interpretative Procedures, in order that operations can be analyzed and means for reducing costs can be effected. Methods for the calculation of the economic limit of production and resultant oil reserves are suggested in order that profitable production may be continued and premature abandonment prevented. INTRODUCTION Purpose Extensive studies have been made and much has been written on the procedures for prospecting, drilling, completion, production and repair of oil wells, but the writer has long felt the need for a study of the procedure that should be followed when considering the abandonment of a well. The production from numerous well bores of a fluid material (a circumstance peculiar to the oil industry) that is continually decreasing in quantity leads to an increasing ratio of operating cost to production. It is for this reason that oil fields are not abandoned as a whole and detailed consideration of each well is required before it can be determined whether more is being expended than will be returned On any well or lease in question. It is the purpose of this paper, therefore, to compile, correlate, and present all matters worthy of consideration in the problem of oil-well abandonment; to suggest interpretative procedures based on such compilations, to the end that reliable estimates of reserves and life may be obtained; to show, as a result of such interpretative procedures, the possibilities for corrective measures conducive to economical production, thereby extending both profitable reserves and length of life. Scope and Approach Compiling data and outlining a study having the complexity of the problem at hand are naturally subject to the personal experiences of one who undertakes the study; however, the chosen approach and grouping of the subject material may be helpful in the consideration of abandonment problems. Consideration has been given to wells that make gas and water incident with the production of oil; but consideration has not been given to either gas wells or condensate-producing wells, for wells of the latter type have sufficient problems to warrant separate investigation. The major subdivisions of this paper-— physical considerations and economic considerations—do not imply that either of these phases can be considered independently, but rather that the two are mutually dependent and are the component parts of an engineering study.

Jan 1, 1946