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By M. Kaitz

A continuing discussion in both the petroleum engineering and economic literature is directed to the difficulties encountered in the use of discounted cash flow rate of return (DCF) as a measure of investment worth. Although useful in most Instances, DCF has been criticized because it is time-consuming in its trial-and-error solution, theoretically invalid, not adaptable to cash flow streams yielding multiple return solutions and not entirely reliable in selecting between mutually exclusive investments. The theoretical invalidity of DCF stems from the reinvestment assumption implicit in the calculation that earnings are reinvested at the DCF rate. The emerging consensus of the economic literature is that the net present value or the present worth of the net cash flow stream (discounting at the average opportunity or cost of capital rate) is more correct and reliable. Other criteria proposed have been ratios of net present value divided by initial investment or by present value of all investments in a project. All of these criteria are simple to determine and explicitly assume a reinvestment rate for [he income generated by a project. This paper develops and discusses a theoretically valid profitability criterion which is simple to compute and retains the appeal of a percent return on investment. It is called "percentage gain on investment" or PGI. It measures the gain an investment is expected to realize over like capital invested in the average opportunity and explicitly considers reinvestment potential. Why add another Concept to the large array of investment criteria now available, any one of which, or perhaps a combination of several, appears to embrace the form's (or individuals) objectives? The answer is that not one of the existing criteria provides both a readily comprehensible and theoretically valid measure of risk coverage that has general application. The proposed PGI does fulfill these requirements. INTRODUCTION An ancient expression warns that "one must yield to the times" — there are better ways of doing things. A review of the petroleum engineering and economic literature on one topic alone, measurement of investment worth, certainly is witness to this truth. In use for a number of years, the DCF has recently received attention, directed mainly to its theoretical invalidity. Several alternatives to DCF have been proposed to provide a valid, simply determined criterion to describe investment worth and to overcome the criticisms previously mentioned. This paper introduces another method called percentage gain on investment (PGI) and is proposed as but one of several yardsticks that should be used in making investment decisions. MEASURES OF INVESTMENT WORTH This paper will consider only those criteria which give weight to the time pattern of future earnings. These criteria are usually compared with an average opportunity rate or cost of capital of the firm to judge the relative worth of the investment. For purposes of demonstration, a 9 percent average opportunity rate will be used throughout this paper. Implicit in the DCF calculation is the assumption that earnings are reinvested at the DCF rate. Some argue, though, that there is no reinvestment assumption,' that the DCF rate is simply that maximum rate of interest one can pay on the investment over the life of the project and break even. The determination of DCF is accomplished by discounting the net cash flow stream at that rate (DCF) which will yield zero. The question is: why should reinvestment potential be explicitly considered in calculating return on investment or other criteria measuring economic worth? Perhaps the answer lies in consistent or equal treatment of future cash flow. It appears entirely illogical to give different present worth value to $1 received, say, 10 years from now, which is the circumstance resulting in comparing projects with different DCF returns. In fact, $1 received in 10 years has the same value regardless of which project generated the income. DCF return thus favors investment projects which are expected to provide early income as compared to those providing long-term income. Not surprisingly, the controversy on reinvestment assumption is an old one. Hoskold' discussed this same problem in 1877. He considered the future income from mineral properties as an annuity or a series of fixed future payments. (As will be demonstrated, his equation can be modified for variable income.) Prior to Hoskold, the value or what one could pay for the mine, was determined with the use of standard, single-interest tables. Here is what Hoskold said with regard to these tables. "This table, and others of its kind, to be found in most works on annuities, is constructed correctly according to

By Clifford S. Wilson

ScReened pipe is designed with the view of restraining the fine, free-running sands of the production zone from entering oil wells. Its successful use is dependent on a number of factors. The nature and effects of some of these factors can be determined through experiment and observation, but some of the elements that have a distinct bearing on the use of screened pipe can be evaluated only by estimate. The important subsurface conditions which affect the use of screened pipe are: 1. Depth of production zone. 2. Extent of production zone. 3. Reservoir pressure. 4. Character and relative quantity of oil and gas. 5. Character of sediments: a. Cossolidation of beds. b. Variation in beds. c. Grain-size gradation of sands. d. Free-running characteristics of sand from different levels. Aside from the use of mechanical equipment and tools, the measures to be taken in the installation of screened pipe involve: 1. Size of liner. 2. Length of liner. 3. Design and mesh of screen. 4. Portion of liner to be screened. 5. Manner of setting liner. 6. Preparation of or washing of the well before or during the setting of the screen. 7. Manner of bringing in the well. 8. Manner of flowing the well. Values applicable to the actual subsurface conditions that exist at any well can only be approximated. The accuracy of the estimate will be measured by the amount and quality of the evidence at hand and the personal factor of ability to interpret the evidence fairly, whether

Jan 1, 1933

By Joshua I. Tracey, Mackenzie Gordon

THE bauxite deposits in central Arkansas were formed by weather¬ing, in early Eocene time, of fresh or kaolinized nepheline syenite above the water table in a subtropical climate of fairly continuous moisture. Four types are recognized: (1) residual bauxite deposits on kaolinized nepheline syenite, (2) residual deposits on kaolin and bauxite detritus, (3) alluvial deposits of sorted pebbles and pisolites of early Wilcox age, and (4) rubble deposits of later Wilcox age. All were invaded by kaolin and siderite during subsequent burial by Eocene sediments. PART I-FIELD RELATIONS OF THE DEPOSITS The Arkansas bauxite region for years has produced about 95 pct of the domestic supply of bauxite of the United States and it contains today reserves of more than 40 million tons-nine tenths of the known domestic reserves. During World War II, the Arkansas bauxite deposits were explored jointly by the U. S. Geological Survey and the U. S. Bureau of Mines. Some 6000 holes were drilled by rotary rigs under contract to the Federal Govern¬ment, which resulted in the discovery and delimiting of approximately 20 million tons of ore in place. Detailed study of the many sections cored through the bauxite, of data from a much greater number of drill holes made available by all the operating companies, and of the extensive mine faces exposed in the strip pits, has yielded valuable geologic information about the origin of the deposits. It is now possible to piece together a paleotopographic picture of the deposits and the now-buried land surface on which they formed. The bauxite region in the center of Arkansas (Fig 1) contains two producing districts: one in Pulaski County, just south of Little Rock, and the other in Saline County, about 15 miles to the southwest. The deposits in both districts are associated with hills of nepheline syenite, bosses of a large batho¬lith that was intruded into Paleozoic rocks and later buried beneath coastal plain sediments deposited during Cenozoic time. The folded Paleozoic rocks are exposed in the northwest half of the state and are covered in the southeast half by the nearly flat-lying coastal plain sediments. The older rocks were intruded by nepheline syenite, probably in Late Cretaceous time, and sub¬sequently were eroded so as to expose the top of the batholith. In Paleocene time, marine limestone and laminated black silty clay of the Midway group were deposited in an advancing sea, and covered all but the most elevated parts of the batholith. Erosion of the islands of nepheline

Jan 1, 1952

By W. A. Klikoff, I. Fatt

The concept of fractional wet wattability is examined. Fractional water wettability of a reservoir rock is defined as the fraction of the internal surface urea that is in contact with water. Capillary pressure and relalive permeability of unconsolidated sand are shown to be functions of fractional wettability. INTRODUCTION The petroleum industry has long recognized that wettability of reservoir rock has an important effect on multiphase flow of oil, water and gas through reservoirs. As early as 1928 the American Petroleum Institute sponsored a study of wettability as part of API Project 27 at the U. of Michigan.' Despite 30 years of research, there is still little exact knowledge of the wettability of reservoir rocks. There are two parts to the wettability problem. After agreeing to a uniform nomenclature in regard to wettability,' the first question to be answered is, "What is the in situ wettability of a given reservoir rock?" If this can he answered the next question is, "What part does wettability play in determining the characteristics of multiphase fluid flow through the rock?" This paper represents an oblique attack on the problem of wettability. No attempt is made here to answer the basic question of wettability in situ. instead the consequences of the concept of fractional wettability are examined. Multiphase flow in sandpacks is shown to he highly influenced by fractional wettability. Jennings' has given 3 definition of wettability and the other terms used in discussing wettability. These terms must be applied to the physical situation existing In reservoir rock. A survey of the pertinent literature from 1928 to 1956 indicates that the concept of a contact angle was applied to reservoir rock in the same way it would be applied to a flat, homogeneous surface. Attempts were made to state quantitatively the wettability of a reservoir rock in terms of a contact angle which was presumably constant at all points on the very rough and heterogeneous interior surface of a porous rock. Calhoun, et al,3-6 prepared synthetic consolidated and un-consolidated porous media in which they claimed there was a known uniform contact angle. They then showed the effects on the capillary pressure and relative permeability characteristics of varying this angle. The API Project 47 at the U. of Texas' and others' have made extensive studies of an indirect approach to the contact angle through the use of heat of wetting data. Even if successful. however, this approach also states the wettability of porous rock in terms of a contact angle which is uniform over the entirc surface. If the angle varies from one part to another on the internal surface, there is no way of determining from the measurements the area distribution of contact angles. In 1956 Brown and Fatt5 suggested that the concept of a contact angle, as applied to reservoir rock, be abandoned. This suggestion was made because it is known that the internal surface of most reservoir rocks is composed of many different minerals, cach with a different surface chemistry and a different capacity to adsorh surface active materials from reservoir fluids. Furthermore, the operation of a contact angle in determining the form of a fluid-fluid interface is difficult to picture in the very complex geometry of a pore. Brown and Fatt proposed that the wettability of reservoir rock be stated in terms of the fractional internal surface area that is in contact with water or oil. All surfaces on which there is water are called water-wet; surfaces on which there is oil are called oil-wet. The fractional water wettability is then stated as a number which represents the fraction of the internal surface that is in contact with water. A symmetrical statement can be made for the fractional oil wettability. The concept of a fractional wettability as previously stated has in its favor the recognition of the heterogeneous mineral composition of most reservoir rocks. Another point in its favor is that fractional wettability can be measured quantitatively with relative ease. Hol-brook and Bernard10 se a simple dye adsorption test to obtain fractional wettability of reservoir rocks. Amott11 uses a combination of imbibition and displacement to arrive at a wettability index of reservoir rocks which seems related to fractional wettability in the range 0.25 to 0.75 fractional water wettability. Jennings" has shown the changes in relative permeability that take place when a porous material is changed from unity to zero fractional water wettability. He also shows that reservoir rocks in their natural state, but at room temperature and atmospheric pressure, have relative permeability characteristics which would indi-

By Robert E. Tally

CHAUNCEY L. BERRIEN, Butte, Mont. (written discussion).-Having had much actual experience with mine fires which have occurred or have been active in the mines of the Anaconda Copper Mining Co. during the past 4 years and having lately visited the fire zone of the United Verde mine with Mr. Tally, I wish to congratulate him for the success which he has had in controlling this fire and making the mine perfectly safe .for his miners. By this work he is not only keeping the property in operation but is reclaiming many lost orebodies. The ventilation system as described by him is practically the same as that used under my direction at the Mountain View mine fire in Butte in 1913 and at the Pennsylvania fire in 1916. This same system is at present being followed at the Leonard mine to extinguish a fire which has been active for 10 years although bulkheaded. The mining system in the Butte mine, at the origination of these fires was the same as that at the United Verde, namely, square setting .accompanied by the use of much timber bulkheading in the stopes owing to heavy ground. The pyritic content of the ore in Butte is not as high, but on the whole conditions have been the same, with the exception of actual location of the fire in the mine. I agree with Mr. Tally that flooding, the use of C02 or any gas, and the use of steam are all impracticable unless the fire zone can be absolutely sealed. His system of upcast escapement shafts in the fire zone, the use of bulkheads and fans to keep the gases away from the firemen, must be resorted to. By the method lie describes actual stoping may be carried on safely if started from the bottom of the fire and if the fire zone extends to the surface. In other words, the fire zone must be isolated from the rest of the mine by bulkheads and solid ground, with no ground above which can be damaged by spread of fire or caving. The serious fires in Butte have .occurred on or between levels in the mines where it was necessary to prevent their .extension upward, downward and laterally while the work of actually extinguishing them was in progress. This necessitated proper bulkheading should we lose control of the fire, the installation of ventilation similar to Mr. Tally's and the systematic drilling of holes with diamond drills for distributing water on the fire and around it.

Jan 12, 1916

By R. S. Craig, W. E. Wallace, G. S. Kamath

The destruction of long-range order in Mg-Cd, has previously been thought to occur as a second order process. In the present work a variety of X-ray diffraction techniques are employed to show that in this case and in Mg-Cd alloys containing frorn 20 to 33 1/3 at. pct Mg the process more nearly resembles an ordinary first order phase transformation. It is found that the ordered alloy, which occurs as a single phase at lgw temperatures, transforms with increasing temperature into a Cd-enriched disordered (P) phase and an Mg-enriched ordered (a) phase. The interval over which these two phases coexist under apparently equilibrium conditiovs extends from 25" to 87°C content. At 33 1/3 at. pct Mg the two-phase region has disappeared. Measurement of the long range order parameter, s, for the ordered phase in MgCd, (from superlattice line intensities) shows that it disorders only very slightly before it is transformed into the p form. Kinetic experiments reveal that when the a phase is formed frorn the p phase by suitably quenching so as to suppress phase segregation, the transformation is essentially complete and the a phase has acquired its equilibrium value of S in less than 1 min. In an earlier investigation carried out in this Laboratory1 the rate of disordering of the MgCd3 superlattice was determined over an extensive range of temperature. The process was found to be first order and the rate constant, k, was established. At the lowest temperatures studied k was found to increase exponentially with temperature. At higher temperatures, however, it passed through a maximum and for the 100 deg interval below the point at which the superlattice was destroyed k was observed to decrease with increasing temperature. The various theoretical treatments1-3 of order-disorder phenomena lead to a negative temperature coefficient for k near the superlattice critical temperature but this region for MgCdB seemed unusually wide. Detailed analysis of the point indicated' that either the long-range order parameter, S, for MgCda varied with temperature in an anomalous way or the disordering in this instance is more complex than in the cases which have been treated theoretically. The original objective in the present work was simply to determine S vs temperature for MgCda to ascertain whether the disordering was in conformity with theoretical expectations.2° In an early stage of the work it was noted, however, that under equilibrium conditions ordered (a) and disordered (0) phases coexist in MgCd, over a considerable range of temperature. Since on thermo- dynamic grounds the coexisting phases must differ in composition, the investigation was enlarged to permit the compositions of the two phases in MgCd3 to be determined and to establish the extent of the two phase regions for alloys containing from 20 to 33 1/3 at. pct Cd.

Jan 1, 1963

The nickel suppliers are hard at work across the entire spectrum of the industry-from exploration and mining on the one hand to the development of new applications of this unique metal on the other. The reason-a surging demand for nickel by the free world. Evidence of interest and activity in nickel abounds. Companies such as Anaconda, American Metal Climax, Kaiser Aluminum & Chemical, Patino, Newmont-firms that have not been in the nickel industry before-are now involved in various exploration and development ventures around the world. International Nickel, Falconbridge, Le Nickel and Sherritt Gordon-the big names in the industry -have committed vast sums of money and talent in a variety of new developments designed to ensure their status as leading producers of this commodity. As a result, the world is now seeing a rapid build- up in nickel capacity, and in this issue of [ ], the editors have prepared a summary of these fast- moving major developments.

Jan 10, 1968

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 James Park

The principal gold-bearing formation is of volcanic origin, consisting of a great accumulation of andesitic lavas, tuffs, breccias and agglomerates of lower Tertiary age. These rocks everywhere bear evidence of having been subjected to the prolonged leaching-action of thermal waters, doubtless accompanied by steam and acid vapors. They are found in all stages of decomposition or alteration; and in many mines the hard blue andesite can be seen to pass by a series of almost insensible gradations into a soft, or fairly hard, greyish yellow or blue

Jan 1, 1900

By H. H. Campbell

Many attempts have been made to write a formula by which to calculate the strength of steel from its chemical composition, but most of these endeavors have failed because there were too many disturbing conditions. It is idle to collect from the pages of trade-papers, books, or the proceedings of scientific societies, a multitude of observations. The combination of such results will simply show that steel of the same composition will vary in tensile strength through wide limits—a fact that has been known for generations. That cold-working, overheating, and many another form of heat-treatment alter fundamentally the strength of steel, is ancient history, although it is only recently that the microscope has pointed out the road to an explanation of the phenomena. It mag be urged that the microscopic structure must betaken into consideration in any formula giving the ultimate strength, but from the standpoint of the present investigation this is unnecessary. We are trying to determine primarily, not what changes in ultimate strength may be made by variations in the condition of carbon, but what effect is produced by changes in the amount of carbon, when its condition remains constant. For such an inquiry, in order that the condition of the carbon should remain as nearly uniform as possible, it is essential that all testrpieces be made under the same conditions; and it is believed that the tests described in this paper satisfy that requirement. The investigations were made at the works of the Pennsylvania Steel Company, Steelton, Pa.; the ingots from which the tests were made were 6 in. square in every case; they were heated in the same furnace and forged at the same ham-

Jan 1, 1905

By Frank J. Tolonen, Nicholas H. Manderfield, Paul Jasberg

EARLY in the study of the low grade iron formations of Michigan, wide variations in their structure and texture became evident. Because of these variations no simple method of concentration is possible, and those portions of the formations that can be exploited profitably under a given stage of metallurgical progress and existing economic conditions must be searched for carefully. Both structure and texture of the formations have an important bearing on their amenability to beneficiation. By structure is meant the banding planes of easy fracture, the porosity, and the degree of leaching. Texture, which includes grain sizes, shapes, and degree of interlocking, determines the amount of grinding necessary to liberate the mineral grains. Structure determines the liberation of portions richer in one mineral. Structure and texture may be termed the gross features of the formation

Jan 11, 1957

By R. E. Reed-Hill

The lattice reorientations in (1011) and (1013) twins of pure magnesium have been investigated using polarized light. Both forms (Ire subject 20 almost complete second-order twinning on the (1012) plane of the first-order twin. The observed deviations of composition planes by 6 and 3 deg, respectively, from coherent twinning planes are caused by second-order twinning. The experimental data indicate that (1011) and (1013) are reciprocal twins with a twinning shear 0.136. In a previous paper1 it was shown that the primary fracture mechanism in single crystals of magnesium strained in tension parallel to the basal plane is parting or fracture inside twins. In the temperature interval 25oto286oC, the observed twinning form, dominant in fracture, was a very small twin which formed in bands. Because these twins were very small and appeared in extensively deformed regions they did not lend themselves to X-ray analysis. Lacking Cou-ling and Pearsall&apos;s2 recently reported polarized light technique for magnesium, the twinning plane indices (K1) were originally determined by two surface composition plane measurements. This plane fell in a major zone (axis < 1120>) at an angle of 55.75 deg to the parent crystal basal plane. Because its habit deviated by 6 deg from{l0ll), 61.9 deg, the experimental data per se were not consistent with simple (1011) twinning and, for expedience, the twin was designated with habit plane indices (30341, 54.5 deg, representing the lowest set of indices corresponding to measured angles. Couling, Pashak, and sturkey3 have also found bands of reoriented lattice with a similar habit in polycrystalline specimens of magnesium and certain dilute magnesium alloys. These bands are significant because their formation in large numbers during plastic flow permit specific magnesium alloys to undergo very extensive deformation by cold rolling. Using polarized light2 they showed that the basal plane in the reoriented material was nearly parallel to the band habit and, as a result, proposed a mechanism for band formation involving a double twinning process in which (1011) twins form and then retwin according to (1012). Because of the obvious similarity between the twin bands observed in single crystals and in polycrystalline specimens, it was decided to investigate if the two phenomena were not identical and, if possible, to verify the retwinning hypothesis. The present paper is a report of this investigation and shows that the twins with the (3034) habit correspond closely to retwinned (l011) twins. Evi- dence is also given for an analogous retwinning process in (1013) twins. EXPERIMENTAL PROCEDURE Rectangular single-crystal specimen deformed in tension (stress axis in the basal plane parallel to [1010], as previously described,4 were polished electrolytically by Jacquet&apos;s method5 and etched in acetic picral.2 All twins studied in this investigation belong to a major zone, whose axis, [1210], was perpendicular to both stress axis and two sides of each specimen [(1210) surfaces]. These latter contain the plane of shear of the twins and measurements of the basal plane trace of twins on these surfaces determines the lattice orientations of the twins. The position of the basal plane in each case was determined with a polarizing microscope using a modification of the technique of Couling and Pearsall.2 For each twin the four positions of maximum extinction were measured, the data averaged, and then the pair of extinctions corresponding to the basal plane was determined by rotating the microscope stage and observing the position at which the color changed from orange to blue with a gypsum red, first-order plate inserted between the crossed Nicol prisms. EXPERIMENTAL RESULTS (1013) Twins—In general, especially in speci-mens deformed at 150°C, (1073) twins appear in greater numbers and larger sizes than (1011) twins, and the lattice reorientation inside these twins is therefore easier to study and measure. Fig. 1 shows an area of an unetched and unpolished (1210) crystal surface containing a number of (1073) twins sloping upward to the right at about 29 deg with the basal plane of the original crystal (horizontal direction). Slip line segments may be seen in both the parent crystal (running horizontally) and in the twins (sloping downward to the right at approximately -22 deg with the horizontal). As may be seen in Fig. 2, the slip lines in the twin are not at the proper angle (64 deg from basal plane of the

Jan 1, 1961

Some 15 years ago, Dr. Adolf Schmidt, director of the Magnetic Observatory in Potsdam, Germany, developed an instrument, which was a modification of Lloyds balance, for the measurement of the vertical component of the earth&apos;s magnetism in the field. There was a keen demand for this because (1) it was desirable to have a field instrument that would measure the component of the earth&apos;s magnetism which stands in the closest and simplest relation to the configuration of the subterranean magnetic formations-the vertical component; (2) it was desirable to have an instrument that was not only more sensitive but also more reliable than the existing vertical magnetometers (the dip needle, for instance). The application of the magnetometer in oil geology demanded such an instrument, because the magnetic disturbances produced by most types of magnetic formations associated with the occurrence of oil (salt domes, faults, anticlines with crystalline core, etc.) are too small to be detected with the ordinary dip needle. The writer can prove, by some investigations recently made for the U. S. Bureau of Mines, that these instruments may be used also to very great advantage in mining, because they are capable of measuring anomalies which are as great as twice the normal strength of the earth&apos;s magnetic field. Even for such anomalies, the field balance is more advantageous than the dip needle. First, the instrument rests on a firm support and can be adjusted in the proper azimuth, which insures measurement of the vertical intensity only, without a part of the horizontal intensity, which is very important for the interpretation. The readings give the vertical intensity in linear terms and not as a function of an angle; and the field balance is insensitive to temperature when used with scale values that are adequate for the determination of large anomalies. In another phase of mining, the gold placer work, the field balance has also shown excellent results for which the dip needle is not adequate. What has been said about the dip needle holds also, though to a lesser extent, for two other types of vertical variometers recently used, the Tiberg balance and the Thomson-Thalen magnetometer.

Jan 1, 1929

By E. C. Harder, D. F. Hewitt

Since early in 1916, when it became apparent that the steel industry of the United States could not depend for the duration of the war on several important foreign sources of manganese and might have to depend entirely on domestic ores, the U. S. Geological Survey, with the assistance of several cooperating organizations, has made a comprehensive investigation of domestic manganese resources. The work has included field studies in a number of states well as annual, quarterly, and monthly canvasses among operators concerning current and future production. In order that the interested public might have access to the important results of the studies, preliminary reports concerning the field work as well as periodic summaries of production were issued as promptly as possible. Although numerous summaries of production l2, l3, l4 have been prepared from time to time for the use of the several boards and committees responsible for the conduct of the war, it has been thought for some months that those engaged in the industry, as well as others, might be interested in a preliminary summary of the accumulated geologic and production data. The cessation of hostilities, in November, 1918, probably detracts from the usefulness of much of the material that is here presented, but apart from the historic interest in the performance of an important industry in war time, there is a possibility that some of the conclusions may be helpful to those who continue to exploit domestic deposits, as well as to those who wish to measure the country&apos;s independence in mineral supplies. Appropriate final geologic reports are being prepared by the geologists who did the field work. The present authors, having done but a small part of the recent field work, acknowledge with great appreciation the use of preliminary and unpublished reports and the cordial informal cooperation of the following geologists in the preparation of this paper: F. L. Ransome, G. W. Stose, F. C. Schrader, J. T. Pardee, E. L. Jones, Jr., H. D. Miser, Laurence LaForge, J. B. Umpleby, Arthur Keith, F. J. Katz, and E. S. Larsen, of the U. S. Geological Survey. Field work in Virginia was carried out in cooperation with the Virginia Geological Survey, T. L. Watson, State Geologist; in Georgia, with the Georgia

Jan 1, 1920

By C. E. Mills

STUDIES of ground movement and subsidence resulting from mining operations cover a broad field. It is also a very important consideration and one that eventually affects nearly every mining operation of any extent. The damage to surface buildings, removal of mine surface plants and replacements of main hoisting shafts must reach an astounding expenditure were these cost figures available over a period of years. Were the subject one of mathematical formula and dependent only on the angle of draw of the walls or country rocks, the problem would be relatively simple. Consideration must be given to depth and extent of workings; structural conditions of the orebodies and enclosing country rock; physical properties of these same rocks, including schistosity, bedding, jointing, slips, dikes, faults, and other structural weaknesses. The method of mining, extent of openings, supporting pillars, and amount of moisture or water underground are other pertinent factors. With such a large number of variable factors, it is apparent that the subject of subsidence is one that must be based largely on experience and results at other mines where conditions are somewhat comparable. In presenting this paper, it is the intent to describe the progressive results of past ground movements at the United Verde, to bring out physical conditions largely responsible for this movement, but to refrain from theorizing on the ultimate extent of subsidence resulting from future mining operations.

Jan 1, 1934

By Theron Wasson

Michigan&apos;s production of 17,301,000 bbl. in 1945, which is in line with previous years, has been maintained by extensions to old fields like Deep River, Adams, Fork, and others. There were a number of new discoveries but, as in the past, these are not given very much importance because enough drilling has not been done to develop their potentialities; however, judging by the past, some of them will develop enough production so that 1946 -will probably be in line with other years. Activities in Michigan were confined to the Basin area of the lower Peninsula, which has been under development since 1925.

Jan 1, 1946

By E. M. Wise

THe properties required of gold alloys for jewelry are not well standardized, due in part to problems peculiar to certain branches of the jewelry industry, in part to the individual preference of the fabricator and to his willingness to cope with certain difficulties in manufacture, which arise with the use of certain alloys. General Requirements In general, the properties desired may be classed as follows: 1. Color should conform to the dictates of good taste and smart style. 2. Corrosion resistance and tarnish resistance should he good. This is to a considerable extent determined by the carat. Resistance to such corrosive agents as mercuric chloride as well as certain depi1atories is unreasonable to expect and difficult to meet. 3. Strength and hardness must be adequate to maintain the delicate contours of finely modeled jewelry. 4. Wear resistance must be great enough to resist abnormal wear, such as is encountered by a wedding ring in a lifetime of wear. 5. Ductility must be sufficient to permit the fabrication of drawn shells, tubes and difficult shapes. Material having a yield point of not less than 60,000 lb. per sq. in., an ultimate strength of 100,000 Ib. per sq. in., and an elongation of 40 per cent. is desirable. 6. Melting point should be between 800" and 1200" C. Colored Golds The popular green and yellow golds are based on the gold-silver-copper alloys; in some cases modified by the introduction of zinc to improve the casting properties and to alter the color, and nickel to increase the strength. The properties of the Au-Ag-Cu system have been the subject of a very thorough investigation by Jänecke,l Sterner-Rainer12 and Carter."

Jan 1, 1929

By E. M. Wise

THe properties required of gold alloys for jewelry are not well standardized, due in part to problems peculiar to certain branches of the jewelry industry, in part to the individual preference of the fabricator and to his willingness to cope with certain difficulties in manufacture, which arise with the use of certain alloys. General Requirements In general, the properties desired may be classed as follows: 1. Color should conform to the dictates of good taste and smart style. 2. Corrosion resistance and tarnish resistance should he good. This is to a considerable extent determined by the carat. Resistance to such corrosive agents as mercuric chloride as well as certain depi1atories is unreasonable to expect and difficult to meet. 3. Strength and hardness must be adequate to maintain the delicate contours of finely modeled jewelry. 4. Wear resistance must be great enough to resist abnormal wear, such as is encountered by a wedding ring in a lifetime of wear. 5. Ductility must be sufficient to permit the fabrication of drawn shells, tubes and difficult shapes. Material having a yield point of not less than 60,000 lb. per sq. in., an ultimate strength of 100,000 Ib. per sq. in., and an elongation of 40 per cent. is desirable. 6. Melting point should be between 800" and 1200" C. Colored Golds The popular green and yellow golds are based on the gold-silver-copper alloys; in some cases modified by the introduction of zinc to improve the casting properties and to alter the color, and nickel to increase the strength. The properties of the Au-Ag-Cu system have been the subject of a very thorough investigation by Jänecke,l Sterner-Rainer12 and Carter."

Jan 1, 1929

By Ford R. Bryan, Edward F. Runge

BECAUSE of the need for ductile heat resistant alloys of non-strategic composition, there has been metallurgical development of Fe-A1 alloys possessing improved ductility and hot strength, together with high oxidation resistance. Iron and alu- minum form solid solutions up to approximately 35 pct Al. Alloys in the 8 to 12 pct A1 range are characterized by excellent oxidation resistance, high electrical resistivity&apos; and, when appropriately alloyed, have creep rupture strength equivalent to that of the austenitic stainless steels.&apos; At higher aluminum levels, the magnetic properties are of considerable interest. Nachman and Buehler" have recently reported on the desirable magnetic characteristics of the 16 pct alloy.

Jan 1, 1957

By Charles T. Holland

IN connection with the problems of bumps in coal mines, much has been written concerning the manner in which roof action and methods of mining enter [ ] into the pressure effects observed but little has been written upon the relationship between the physical properties of coal and associated rocks and the cause of bumps. The question of the strength of bituminous coal, of its elasticity, and the energy it can absorb and store has been neglected to a considerable extent in connection with this problem. STRENGTH OF COAL It is generally agreed that one of the necessary conditions for bumps is a strong [ ] coal.1 Therefore, since the strength of coal is an important factor, a study of this property should be made. Several investigators have conducted laboratory experiments upon the strength of coal, using small cubical or rectangular test pieces. An attempt will not be made to go into all of these investigations, but they are briefly summarized in Table I. Experiments of the U. S. Bureau of Mines8 and of Lawall and Holland (pp. 27 and 34 of ref. 9), however, indicate that regardless of whether the coal is a soft and weak semibituminous (Pocahontas No. 3) or a hard and strong bituminous (Stockton) coal, the maximum ultimate unit stress developed in laboratory tests is higher in small cubes than in larger cubes of the same coal.

Jan 1, 1942