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By AIME AIME

Council.* PRESIDENT OF THE COUNCIL. ROBERT Wm. HUNT CHICAGO, ILL. (Term expires February, 1907.) VICE-PRESIDENTS OF THE COUNCIL. WILLIAM P. BLAKE TUCSON, ARIZ. THOMAS F. COLE DULUTH, MINN. IRVING A. STEARNS WILKES-BARRE, PA. (Term expires February, 1907.) HENRY M . HOWE NEW YORK, N. Y. J. B. GRANT DENVER, COLO. JAMES D. HAGUE NEW YORK, N. Y. (Term expires February, 1909.) COUNCILORS. F. L. GRAMMER BALTIMORE, MD. JOSEPH HARTSHORNE POTTSTOWN, PA. CHARLES H. SNOW NEW YORK, N. Y. (Term expires February, 1907.) A. A. BLOW WASHINGTON, D. C. FRANK LYMAN NEW YORK, N. Y. T. A. RICKARD SAN FRANCISCO, CAL. (Term expires February, 1908.) THEODORE DWIGHT NEW YORK, N. Y. WALTER WOOD PHILADELPHIA, PA. WM. FLEET ROBERTSON VICTORIA, B. C., CAN. (Term expires February, 1903.) SECRETARY OF THE COUNCIL. R. W. RAYMOND, No. 99 John Street NEW YORK, N. Y. (Term expires February, 1907.) ASSISTANT SECRETARY AND EDITOR. JOSEPH STRUTHERS NEW YORK, N. Y.

Mar 1, 1906

On the following pages are abstracts of papers published by the Institute during the year 1935 as TECHNICAL PUBLICATIONS and CONTRIBUTIONS, papers in bound volumes appearing for the first time, and papers in MINING AND METALLURGY. For abstracts of papers that appeared in bound volumes in 1935 but that were published as TECHNICAL PUBLICATIONS in 1934, see the YEAR BOOS dated January, 1935.. Many of the TECHNICAL PUBLICATIONS have been reprinted in bound volumes. Information regarding this disposition, and number of pages in each paper, may be found in the list beginning on page 64. Volume numbers are given as listed at the beginning of the index, page 71. The abstracts are grouped as follows: [Page Metal Mining 17 Uses of Metals 23 Milling and Concentration 23 Iron and Steel Division 26 Nonferrous Metallurgy (Reduction of Ores)...: 34 Institute of Metals Division (Founding and Metallography of Nonferrous Alloys) 36 Page Coal Division 43 Petroleum Division 50 Industrial Minerals Division (Nonmetallics) 57 Mining Geology 60 Mineral Industry Education Division 62 Geophysical Prospecting 62]

Jan 1, 1936

S. LE FEVRE, Forest Glen, N. Y. (communication to the Secretary*).¬F. L. Nason thinks I could not have studied Mr. Witherbee's paper and doubts the arithmetic used, but in his discussion arrives at practically the same conclusion. He says 10 ft. thickness of ore over a square mile should give 27,878,400 tons, allowing 10 cu. ft. per ton of ore. This is correct, but if he reads carefully he will see that this depth of ore was figured as covering one-tenth of the surface, which reduces the figures to those used by Mr. Nason. I did not say, however, that there were 2,300,000,000 tons of ore in New Jersey, but that applying the same method of computation as used by Mr. Nason, to the area of the iron ore-bearing gneisses in New Jersey, we would get a total of 2,300,000,000. I did say, "In this area are located 366 magnetite mines that have been worked more or less. These lenses may easily be capable of producing (on an average) 1,000,000 tons each, and there are probably double the number listed not opened up." Thus my estimate for New Jersey, as far as any was made, would be: Probable ore 366,000,000 Possible ore in addition 732,000,000 1,098,000,000 Mr. Nason's final conclusion of his personal estimate was one-half of what he erroneously read to be the estimate given in the paper, or half of 2,300,000,000, which equals 1,150,000,000. So the two estimates seem to differ less than 5 per cent., and we have the two sister States of New York and New Jersey on an equal footing of productive possibilities in magnetic ore.

Jan 6, 1917

By Richard L. Ashbrook, John F. Wallace

Several high-temperature eutectics of cobalt and nickel alloys were modified by small additions of selected elements. Thes-e alloys were compared to unmodified melts for microstructural variations. A few modified compositions were selected on the basis of structure and their tensile and stress-rupture behavior determined. The results of stress-rupture tests in air at 1800 F and room-temperature tensile tests of four high-temperature eutectics showed modification capable of producing substantial improvements in properties. The microstructures were altered and mechanical properties improved by: a.) dispersing a subordinate phase more uniformly throughout the matrix; b) replacing large continuous -network or platelike constituents with small equiaxed discontinuous phases; and c) by forming new, finely divided phases. tHE term "modification" is most commonly used to describe the refinement in microstructure of the Al-Si eutectic that occurs as a result of rapid cooling from the melt or on slow cooling after treatment with small amounts of sodium.1 "Modification" has also been used to describe the change from flake to spheroidal graphite in the austenite-graphite eutectic of cast iron.2 This change of graphite shape is accomplished by small additions of cerium or magnesium.3 Other systems have also been shown to be capable of modification, for example: Pb-Sn by copper;4 Al-Cu by sodium;5 Al-Mn by sodium;5 and Pb-Sb by aluminum.5 Although modification of Al-Si alloys and cast irons is usually accompanied by improved mechanical properties, a general definition of modification has been suggested to include the effect of small quantities of impurity elements on the microstructures of all eutectic alloys, regardless of the effect on the mechanical properties.6 In this paper, the term "modification" is employed in a broad sense to include the formation of third phases or even the supplanting of one of the binary eutectic phases by a third phase. The mechanism of modification, as for any solidification phenomenon, must be considered primarily in terms of nucleation and growth. Although both nuclea-tion and growth mechanisms are required to explain all the phenomena observed in connection with the solidification of modified eutectics, various investigators have usually favored one or the other.7"16 It has been shown that modification of a binary eutectic can be effected by addition of a solute element that has greatly different distribution coefficients or k values in the two phases of the eutectic. Under these conditions, differences in the temperatures at the solid-liquid interfaces of the two phases retard the growth of one phase with respect to the other.4 It has also been shown that increased undercooling favors a transition from a rodlike eutectic to a globular eutectic.17 A mechanism proposed for the transition from lamellar to rodlike eutectics depends on the concept of constitutional super cooling.18 The modification of eutectic alloys may be of interest for high-temperature service as well as at room temperature. Although "high-temperature eutectic alloys" may appear to be a contradiction in terms, many eutectic systems, including those studied in this work, have melting points in excess of 2400°F. One of the mechanisms by which high-temperature alloys are strengthened is dispersion of a relatively brittle phase such as an oxide, carbide, or an inter-metallic compound throughout a ductile matrix. For a given volume fraction of dispersed phase, strength is increased by decreasing the size and spacing of the dispersed particles.19'20 Furthermore, room-temperature ductility may also be increased by changing the shape of a brittle dispersed phase from platelike to equiaxed or spheroidal.8 Overaging and redissolving of the secondary phase limit the maximum temperature to which precipitation-hardened alloys can be used. However, in a binary eutectic system, both phases coexist up to the melting point. Although all eutectic structures are not completely stable,21 a dispersion-hardened cast high-temperature alloy might result if a fine distribution of one of the eutectic phases could be obtained during solidification. An additional reason for interest in eutectic alloys is their excellent castability.22 Since eutectic alloys, like pure metals, freeze at a single temperature rather than over a range of temperatures, their castability is superior to solid-solution alloys with long liquidus to solidus ranges. The purpose of this research was to study the effects of small solute additions on the microstructure and mechanical properties of a number of high-melting-point eutectic compositions.

Jan 1, 1967

By AIME AIME

A SYMPOSIUM on current. conditions in Mexico, particularly in the oil and mining industries, was a most successful feature of the May meeting of the New York Section of the A.I.M.E. Heath Steele, vice-president of The American Metal Co.. Ltd., with an intimate knowledge of Mexico gave the principal address, and asked that his analysis of the present situation he regarded neither as an endorsement of Mexico's policy nor as the criticism of a disgruntled operator. To explain the .attitude of the great mass of the Mexican people towards recent developments, he first described briefly the political, social, and religious beliefs and customs of tile Mexican Indian. In spite of their contact with foreigners these beliefs and customs have remained unchanged throughout many generations. The old communal spirit and the idea of common ownership of the land still persist especially in the rural districts and villages; the old custom of a council for local self-government is reflected in the present-day labor committee. Mr. Steele discussed in order land oil, and mines.

Jan 1, 1938

By William Campbell

(Cleveland Meeting, October, 1912.) THE structure of iron and steel, though the object of so much study and research for the past 25 years, is by no means thoroughly understood. In the first place, we have three or more distinct iron-carbon thermal diagrams, each with its own supporters, and each representing a theory of the structure and constitution of cast-iron. In the second place, by reason of the fact that austenite, the solid solution of carbon in iron, decomposes in the solid state into ferrite, or pure iron, and cementite (Fe3C), and that quenching from above this transition-range, no matter how rapid, cannot entirely prevent the change and thus preserve the austenite by itself at ordinary temperatures, it happens that under the microscope we find, in addition to the ferrite, Fe3C, and austenite, which the thermal diagram of steel requires, it series of transition-products with distinctive structures, to which have ,been given the names martensite, troostite, sorbite, etc. Now these transition-products, in addition to the solid solution, austenite, have been the source of much controversy, at times very bitter. One side would insist that, say, troostite was an entity, which the other side would deny, pointing out that it must be a transition-mixture, with a particular structure. That austenite was a solid solution of carbon in iron has been denied by one school ; we have been told that Fe24C dissolved both Fe3C and Fe, and thus gave rise to a whole series of quenching-products-all this in spite of the fact that no matter how the thermal diagrams differ in regard to cast-iron, they all agree in regard to the solid solution, austenite, for Fe24C finds no place on the diagram. Thus it happens that while the authorities fight both in regard to the iron-carbon diagram and the structures met with in hard- * Associate Professor of Metallurgy, Columbia University in the City of New York.

Dec 1, 1912

By E. F. Steeb, P. C. Rosenthal

BlANKS 8 in. long were cut from the as-received bar stock and austenitized at 1560° F for 1 hr, oil quenched, tempered at 1140°F for 1 hr, and water quenched. The heat-treated blanks were machined into tensile specimens which were subsequently used for the straining operation. Some of the tensile specimens were temper embrittled at 900°F for 24 hr and air cooled prior to or following the straining operation. The specimens were strained in tension up to 5 pct total strain (elastic plus plastic) either at room temperature or at 900°F. The reduced sec- tion of the tensile specimen employed was 5 in. long and 0.600 in. in diam. This size specimen was sufficiently large to permit two standard Charpy impact bars to be machined from it. One group of specimens was temper embrittled at 900°F for 24 hr under stress of about 20,000 psi applied with a hydraulic tensile testing machine. Approximately 0.34 pct plastic strain occurred during this treatment. A comparison of series "A" and "B" data in Table I at 0 pct strain, reveals that the steel was rather highly susceptible to temper embrittlement, the embrittling treatment causing the transition temperature to rise 165°F. The 28 ft-lb level, which was near the center of the sharp-rising portion of the transition curve, was selected as the

Jan 1, 1959

By Alfred Boyles

"Heredity"1 in cast iron has been a subject of much discussion. Numerous experimenters have found that the properties of gray iron may vary greatly without corresponding variations in composition or thermal treatment. The main structural difference in such cases is in the size and distribution of the graphite flakes and the explanations given usually attribute this difference to some chemical element not shown by ordinary analysis or to some physical factor, such as inclusions in the melt. It cannot be said that any of these theories is completely satisfactory. Much remains to be learned about cast iron and for this reason a study of the material was undertaken as a part of the program of fundamental research at Battelle Memorial Institute. A review of the literature indicated that very little systematic work had been done on the mechanism of freezing in cast iron. The experiments described below are largely concerned with that problem. Normal and "Dendritic" Cast Iron As examples of variation in type of structure, photomicrographs of two test bars of cast iron are shown (Figs. 1 and 2) and the composition and properties are given in Table 1. Both are common, unalloyed gray iron. Test bar No. 13 has normal graphite flakes while No. 49 has very fine, lacy graphite arranged in a dendritic pattern, the matrix in both being pearlite. These two types of cast iron are well known to foundry-men and need no detailed description.

Jan 1, 1937

Jan 1, 1963

Aase, Glenn D., (J'40) Jr. Met.. American Smelt. k Refin. Co., Selby, Calif. Abadie, Henry G., (J'43) Petr. Engr., Avenal, Calif. Abbott, Clarence E., (M'04) Civil Engr., V.P.. Tennessee Coal, Iron & R.R. Co., 1542 Brown Marx Bldg., Birmingham, Ala. Abel, Raymond L., (M'28) Chem. Engr., C.O., Pitts¬burgh Chem. Warfare Procurement Dist., American Bank Bldg., Pittsburgh. Pa. Abel, Walter D.. (M'32) Min. Engr., Supvr. Engr., R.F.C.Lee Angeles, Calif. Abele, Louis T., (M'31) Route No. 1, Adameville, Tenn. Abell, Leo M., (M'31) Mill Supt. & Met., Emperor Gold Min. Co. Ltd., Vatukoula, Fiji Is. Abernathy, G. E., (M'38) Geol., Kansas State Geol. Survey, Pittsburg, Kans. Abernathy, Jack H,, (M'40) Asst. Cenl. Supt. of Prod., Sunray Oil Co., 11th Floor, Philtower Bldg.. Tulsa 3. Okla. Abernethy, D. Carl, (M'44) Min. Engr. Rm. 3217, N. Int. Bldg., Washington, D. C.

Jan 1, 1944

By Gilbert Soler

Page Introduction. By Gilbert Soler.........................657 Deoxidation of Basic Open-hearth Steel. By T. S. Washburn.............658 Slag-metal-oxygen Relationships in the Basic Open-hearth and Electric Processes. By J. S. Marsh. (With discussion)...........................672 The Total Oxygen Content of Plain Carbon Open-hearth Steel during Deoxidation and Teeming. By Michael Tenenbaum and C. C. Brown. (With discussion)......685 The Occurrence of Oxygen in Liquid Open-hearth Steel—Sampling Methods. By T. E. Brower and B. b. Larsen..........................712 Effect of Deoxidation on the Strain-sensitivity of Low-carbon Steels. By H. K. Work and G. H. Enzian. (With discussion)........................723 The Relation among Aluminum, Sulphur, and Grain Size. By C. E. Sims.......734 Some of the papers and discussions that appear on the following pages were presented at the meeting of the Iron and Steel Division in Cleveland, Ohio, on Wednesday, October 18, 1944. with L. F. Reinartz and H. K. Work as Chairmen; the remainder were scheduled for the New York Meeting of the Institute in February 1945, which was canceled.

Jan 1, 1945

Elected Died 1895 *ABBOTT, AI ATTHUR 1908 1882 *ABBOTT, ARTHUR V 1906 1905 * ABE, MASAYOSHI 1909 1903 * ADAMS, CHARLES C. 1905 1905 * ADAMS, WILLAMS 1909 1903 * ADAMS, W. EDWARDS 1910 1884 *ADDY, MATTHEW 1896 1889 * AKERS, WILLIAMS 1906 1894 *ALLEN R B 1896 1905 * ALLEN, R. SCOTT 1906 1874 *AMIOT, H 1892 1886 *AMSLER, CARL 1894 1895 *ÅNGSTROM, CARL 1901 1887 * ARCHBALD, JAMES 1910 1900 * ARLETT, GEORGE H 1906 1895 *ARMSTRONG, JOHN F 1898 1882 *ARNOLDS, HUGO 1886 1875 *ASHBURNER, CHARLES A 1889 1872 *ASIIBURNER, WILLIAM 1887 1883 *ATKINS, C M , JR 1885 1905 * AUSTEN, PETER T 1907

Jan 1, 1917

United Engineering Trustees, Inc C E Reistle, Jr (to Oct '55), A B Kinzel, '56, Andrew Fletcher, '57, Philip Kraft (from Oct '55 to '59) The Engineering Foundation W M Peirce, '56, A M Gaudin, '58 Engineering Societies Library Board Frank T Sisco, '58, C H Behre, Jr Engineering Societies Personnel Service Board of Directors E J Kennedy, Jr, E H Robie Advisory Committee, Milwaukee F T Agthe Special Survey Committee C M Cooley American Standards Association Mining Standards Board E R Borcherdt, '55, Otto Herres, '55, J K Richardson, '56, E W Bullard, '56, Alternate

Jan 1, 1955

By Albert Sauveur

IT is not without some hesitation, and even misgiving, that I venture into a discussion of the now classical Roberts-Austen Roozeboom diagram, lest I too fail, like so many other writers, in giving a satisfactory and logical explanation of these interesting curves. Roozeboom's original diagram is reproduced in Fig. 1. The generally accepted meaning of the various curves has been so often described before this Institute that it will suffice to recall it briefly before passing to my own interpretation of the changes involved.

Nov 1, 1906

The following is a partial list of members and guests who called at Institute headquarters during the period Sept. 10, 1917, to Oct. 10,1917. Thomas J. Adams, Rahway, N. J. Leon Root Long, Tirapata, Peru, So. Am. L. W. Bahney, Waterbury, Conn. F. M. McClenahan, Ben Avon, Pa. D. W. Brunton, Denver, Colo. E. Francis McCrossin, Birmingham, Ala. J. R. Buchanan, Pasadena, Cal. P. S. Moses, Savannah, Ga. R. C. Canby, Wallingford, Conn. William A. Nelson, Cartersville, Ga. Paul R. Cook, Zaruma, Ecuador. Edmund Newton, Minneapolis, Minn. F. Crabtree, Pittsburgh, Pa. Askin M. Nicholas, Porrington, N. S. W., J. T. K. Crossfield, Chuquicamata Chile. Australia. Wayne Darlington, Georgetown, S. C. E. G. Norton, Chicago, Ill. R. W. Deacon, Elizabeth, N. J. M. L. O'Neale, Coal City, .Ala. Alexander Deussen, Houston, Tex. W. E. Pomeroy, El Paso, Tex. G. G. Dobbs, Bessemer, Ala. Joseph P. Ruth, Denver, Colo. E. B. Durham, Canonsburg, Pa. Gustavus Sessinghaus, Denver, Colo. L. H. Duschak, Berkeley, Cal. A. L. Sweetser, Boston, Mass. F. A. Fahrenwald, Cleveland O. G. M. Taylor, Colorado Springs, Colo. A. H. Fay, Washington, D. a. Allan G. Waite, Dragoon, Ariz. C. L. French, Brooklyn, N. Y. H. Vincent Wallace, Los Angeles, Cal. Carlos F. Galan, Riverside, Mex. H. A. Wentworth, Boston, Mass. Herman Garlichs, St. Louis, Mo. Alfred W. G. Wilson, Ottawa, Canada. Ernest Klepetko, Anaconda, Mont. Samuel S. Wyer, Columbus, O. D. A. Lyon, Washington, D. C. M. M. Albertson has accepted a position with the McIntyre-Porcupine Gold Mines, Ltd., Schumacher, Out., Canada. James A. Block is now employed by the Ray Consolidated Copper Co., of Hayden, Ariz.

Jan 11, 1917

By CHARLES W. BENTON

THE following paragraphs comprise such information as the Secretary has been able to obtain concerning the members and associates whose deaths have been reported. Further particulars or corrections of errors, and biographical data concerning deceased members or associates not already noticed in this way, are solicited. Charles IV. Benton was born at Kezar Falls, Maine, Nov. 12, 1843. We have no accurate knowledge concerning the early part of his career. In 1871 he engaged with the N. Y. Honduras Rosario Mining Co., at San Juancinto, Honduras, C. A., and later was employed at the Monserrat mine at Yuscaran, and at Santa Lucia, Honduras, with the Tenero Mining Milling Co. of Pennsylvania. In 1897 he became a member of the Institute. At the time he was stricken with his last sickness he was employed at the Paymaster mine at Tucson, Ariz. He died at Fairmount, Denver, Colo., Sept. 9, 1907. William R. Boggs, Jr.-The notice in the Bulletin for January was incorrect in saying that the murder of Mr. Boggs occurred while he was employed as metallurgical. manager by Mr. W. B. A. Dingwall, at La Maroma, San Luis Potosi, Mex. Mr. Dingwall writes that in March, 1907, Mr. Boggs left him, to return to his home at Winston, N. C., whence he. subsequently went to Durango, Mex., to take, with the Topia Mining Co., a position which he occupied at the tine of his death, Nov. 17, 1907. Mr. Dingwall says that, while in his service, Mr. Boggs never had any trouble with the workmen, but was esteemed and liked by them, as by all who knew him ; and adds, injustice to the State of San Luis Potosi, that the population, even in the mining-camps of that State, is orderly and law-abiding, and that the authorities are vigilant and just. Our

Mar 1, 1908

By E. C. Harder

BAUXITE is known mainly as the ore from which aluminum is smelted but it has large use also in the manufacture of artificial abrasives and as a basis for certain chemical industries. A small amount is used for refractories and for other purposes. COMPOSITION Dana and others give the mineral formula of bauxite as A1203.2H20 and the composition as A12037 73.9 pct; H2O, 26.1 pct. It has been definitely shown, however, that bauxite does not exist as a specific mineral but rather as a rock. The term is now used synonymously with aluminum ore and it embraces gibbsite (hydrargillite or alpha trihydrate), A1203.3H20 (A12037 65.4 pct; H2O, 34.6 pct); boehmite (alpha mono¬hydrate), A1203.H20(Al203) 85 pct; H2O, 15 pct); diaspore (beta monohydrate), A1203.H2O(A12037 85 pct; H2O, 15 pct), and mixtures in various proportions of any two of them. Bauxite of the Mesozoic and Cenozoic in Europe is predominantly a mixture of gibbsite and boehmite, subordinately a mixture of boehmite and diaspore, or gibbsite and diaspore. The bauxite of North and South America, tropical Africa, Asia, and Australasia consists largely of gibbsite. Corundum (A1203) is not included under bauxite, although gradations from bauxite to emery or corundum exist. All bauxite, irrespective of the aluminum minerals composing it, contains certain impurities, including silica, in the form of clay minerals (kaolinite, halloysite, and others) or quartz, iron oxide (as hematite or goethite), titania (as leucoxene or rutile), iron sulphide (as pyrite or marcasite), iron carbonate (siderite), and calcium carbonate (as calcite); the last three mentioned in minor amount and of local occurrence only. Bauxite belongs to a group of partly consolidated materials called laterites, formed by surface weathering. This group includes also impure siliceous and ferruginous bauxite and siliceous and

Jan 1, 1949

By E. A. Swedenborg

The unit agreement for the Wertz Dome field, Wyoming, was approved by the Acting Secretary of the United States Department of the Interior on November 4, 1937, effective on December 1, 1937. The stated objectives of the agreement are to conserve and put to beneficial use all oil and gas produced; to make possible a uniform withdrawal of oil and gas in order to maintain equalized reservoir pressures; to provide for an orderly determination of the structural features of the productive horizons; and to permit the injection of gas for pressure maintenance. The purpose of this paper is to show by a discussion of the problems involved and the engineering practices employed by the unit operator, how well the objectives of the unit agreement have been accomplished in the development and production of oil and gas from the field. HISTORY AND DEVELOPMENT The Wertz Dome oil and gas field is located 88 miles southwest of Casper and 38 miles north and westerly from Rawlins, Wyoming. It is served by a state secondary oiled road connecting with U. S. Highway No. 220 at Lamont, a distance of 3 miles from the field. It has been a producing field for 27 years, first as an important producer of gas and more recently of oil. The Producers and Refiners Corp. completed Well No. 1, NE1/4SW1/4 sec. 7, T. 26 N., R. 89 W., the first productive well in the field, in September. 1921, in the Muddy sandstone of Upper Cretaceous age, at a depth of 3435 feet for an initial production of 42,000,000 cu. ft. of gas per day. In 1922 pipe lines were laid to Casper, Wyoming, for supplying fuel to the Standard of Indiana refinery, 'the adjoining town of Mills. and the Producers and Refiners Corp. pump station No. 6 in Mills; and to Parco (now Sinclair), Wyoming, for supplying that refinery with fuel. The gasoline content of the gas was extracted in an absorption plant located near the town of Mills. No compressors were used as the line pressure was sufficiently high to flow the gas through the absorbers. As high as 30,000,000 cu. ft. of gas per day were treated in the plant extracting 6000 gallons of gasoline. In September 1937, the pipe line was discontinued and the plant was dismantled at which time 61,000,000,000 cu. ft. of gas had been produced from the seven Muddy, Cloverly, and Sundance gas wells drilled in the field. Of this volume of gas 800,000,000 cu. ft. were produced from the Frontier formation, 34,200,000,000 cu. ft. from the Muddy sandstone, 24,000,000,000 cu. ft. from the Cloverly, locally called Dakota, and 2,000,000,000 cu. ft. from the Sundance formation. The pipe line was discontinued because of the near depletion of the gas reserves in Wertz and nearby fields, and hecause of the local field requirements demanding the retention of the remaining gas reserves. In December 1936, the Sinclair Wyoming Oil Co. completed Well No. 10, SE1/4NW1/4 sec. 7. T. 26 N., R. 89 W., at a depth of 5886 feet. as the first Tensleep sand producer with an intial of 1700 barrels of oil per day. The well was originally drilled only 14 feet into the sand and in August 1939 was deepened to a depth of 6161 feet, 289 feet in the sand, and the daily produe tion increased to 8350 barrels of oil. In February 1948 Well No. 22, SE1/4 SE1/4 sec. 1. T. 26 N., R. 90 W., was deepened from the Tensleep to the Basal Amsden sand and completed at a depth of 6635 feet for an intial of 600 barrels of oil per day in the Basal Amsden. In April 1948, Well No. 2. SW1/4 NE1/4 sec. 1, T. 26 N., R. 90 W.. was deepened from the Tensleep to the Madison limestone and was completed at a depth of 7193 feet for an intial of 1145 barrels of oil per day in the Madison. Well No. 26, SE1/4SE1/4 sec. 1, T. 26 N.. R. 90 W., was deepened from the Ten-sleep to the Cambrian and in October 1948 it was completed in the Cambrian for an intial of 277 barrels of oil per day. GEOLOGY AND PRODUCTIVE ACREAGE The surface is Steele shale of Upper Cretaceous age, covered in part by gravel beds. The topography of the field is that of a rolling hill with a steep draw or gulch along the northern edge of the field. The Steele shale lies conformably on the lower formations as

Jan 1, 1949

By E. A. Swedenborg

The unit agreement for the Wertz Dome field, Wyoming, was approved by the Acting Secretary of the United States Department of the Interior on November 4, 1937, effective on December 1, 1937. The stated objectives of the agreement are to conserve and put to beneficial use all oil and gas produced; to make possible a uniform withdrawal of oil and gas in order to maintain equalized reservoir pressures; to provide for an orderly determination of the structural features of the productive horizons; and to permit the injection of gas for pressure maintenance. The purpose of this paper is to show by a discussion of the problems involved and the engineering practices employed by the unit operator, how well the objectives of the unit agreement have been accomplished in the development and production of oil and gas from the field. HISTORY AND DEVELOPMENT The Wertz Dome oil and gas field is located 88 miles southwest of Casper and 38 miles north and westerly from Rawlins, Wyoming. It is served by a state secondary oiled road connecting with U. S. Highway No. 220 at Lamont, a distance of 3 miles from the field. It has been a producing field for 27 years, first as an important producer of gas and more recently of oil. The Producers and Refiners Corp. completed Well No. 1, NE1/4SW1/4 sec. 7, T. 26 N., R. 89 W., the first productive well in the field, in September. 1921, in the Muddy sandstone of Upper Cretaceous age, at a depth of 3435 feet for an initial production of 42,000,000 cu. ft. of gas per day. In 1922 pipe lines were laid to Casper, Wyoming, for supplying fuel to the Standard of Indiana refinery, 'the adjoining town of Mills. and the Producers and Refiners Corp. pump station No. 6 in Mills; and to Parco (now Sinclair), Wyoming, for supplying that refinery with fuel. The gasoline content of the gas was extracted in an absorption plant located near the town of Mills. No compressors were used as the line pressure was sufficiently high to flow the gas through the absorbers. As high as 30,000,000 cu. ft. of gas per day were treated in the plant extracting 6000 gallons of gasoline. In September 1937, the pipe line was discontinued and the plant was dismantled at which time 61,000,000,000 cu. ft. of gas had been produced from the seven Muddy, Cloverly, and Sundance gas wells drilled in the field. Of this volume of gas 800,000,000 cu. ft. were produced from the Frontier formation, 34,200,000,000 cu. ft. from the Muddy sandstone, 24,000,000,000 cu. ft. from the Cloverly, locally called Dakota, and 2,000,000,000 cu. ft. from the Sundance formation. The pipe line was discontinued because of the near depletion of the gas reserves in Wertz and nearby fields, and hecause of the local field requirements demanding the retention of the remaining gas reserves. In December 1936, the Sinclair Wyoming Oil Co. completed Well No. 10, SE1/4NW1/4 sec. 7. T. 26 N., R. 89 W., at a depth of 5886 feet. as the first Tensleep sand producer with an intial of 1700 barrels of oil per day. The well was originally drilled only 14 feet into the sand and in August 1939 was deepened to a depth of 6161 feet, 289 feet in the sand, and the daily produe tion increased to 8350 barrels of oil. In February 1948 Well No. 22, SE1/4 SE1/4 sec. 1. T. 26 N., R. 90 W., was deepened from the Tensleep to the Basal Amsden sand and completed at a depth of 6635 feet for an intial of 600 barrels of oil per day in the Basal Amsden. In April 1948, Well No. 2. SW1/4 NE1/4 sec. 1, T. 26 N., R. 90 W.. was deepened from the Tensleep to the Madison limestone and was completed at a depth of 7193 feet for an intial of 1145 barrels of oil per day in the Madison. Well No. 26, SE1/4SE1/4 sec. 1, T. 26 N.. R. 90 W., was deepened from the Ten-sleep to the Cambrian and in October 1948 it was completed in the Cambrian for an intial of 277 barrels of oil per day. GEOLOGY AND PRODUCTIVE ACREAGE The surface is Steele shale of Upper Cretaceous age, covered in part by gravel beds. The topography of the field is that of a rolling hill with a steep draw or gulch along the northern edge of the field. The Steele shale lies conformably on the lower formations as

Jan 1, 1949

By Armando M. Lago

Secular and cyclical patterns of postwar sources and uses of funds of the mineral sector are analyzed. A simultaneous equation behavior model of sources and uses of funds is developed for both mining firms and integrated producers, and these models were put through the task of predicting the financial and expenditure be-havior of mineral corporations in response to mergers and changes in investment tax credits and depletion allowances. Finally, the quantitative analysis methodology is applied to the analysis of optimum capital structure of mining corporations. The postwar changes that have occurred in the expenditure and financial behavior of mineral corporations are reviewed, particularly the relative importance of factors that affect the industry's supply and demand for funds. This quantitative statistical investigation of factors affecting sources and uses of funds of mineral corporations is achieved through the formulation of a simultaneous equation model of sources and uses of funds. After a description of the study sample, the postwar cyclical and secular financial behavior of mineral corporations is analyzed in detail. An econometric model of mineral corporate financial behavior is formulated. This model is then estimated and reviewed. Policy issues regarding depletion allowances, investment tax credits, and industrial organization of the mineral sector are discussed. Finally, the optimum financial structure of mining firms is discussed and the effect of corporate financial structure on the mining corporations' average cost of capital is analyzed.

Jan 1, 1971