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By Joseph Pogue

OVER a period of years the writer has presented a number of studies1 on various aspects of proration, in a progressive attempt to analyze critically and constructively the economic complexities of this interesting institu-tion, which in a decade has revolutionized the economics of oil production in the United States. In the course of the investigations leading to these papers, the changing nature of proration and the principles under-lying its evolution have gradually become clear, so that it is now possible to depart from the analytical method and to construct a synthesis of the steps that, if furthered by the industry, should carry proration past the economic hazards that still surround it to the goal of maximizing the value of the petroleum resource to the industry and the public alike. NATURE OF PRORATION Proration literally means the allocation of demand among competing producers on a pro rata basis, but the term now carries a much broader significance for it is employed to describe the entire process by which the production of crude oil in the United States is regulated. There is naturally much confusion of thought on the subject, for proration is an evolving system of control based upon principles of conservation and equity and embracing a body of practices that are tending to adjust themselves to the needs of the situation but are subjected to varying and divergent influences in the process. As it is now constituted, proration is a planned production measure designed to prevent waste, insure ratable takings, and balance supply and demand. The procedure is administered by State regulatory bodies through use of the police power of the States under authority of State conservation laws; the practice is supported by a considerable degree of voluntary conformance on the part of operators; and the Federal Government has accorded its cooperation by providing advisory quotas, circumscribing imports, checking movements of hot

Jan 1, 1939

By Erwin J. Durrer

The development of planning in the petroleum industry is de- scribed and the current status analyzed. Worldwide transportation networks led to corporate models which caused a differentiation between operations research and planning groups. Ranking of projects solely by ROI proved infeasible because of the diversified nature of the industry. Qualitative elements such as synergism with ongoing operations and the external socio-economic environment had to be included, leading to business plans based on scenarios of possible futures and stressing growth-opportunities over cash-flow rich mature product lines. In addition, decision analysis is finding applications in large capital, high uncertainty situations such as planning for synthetic fuel development.

Jan 1, 1977

By Samuel Dolbear

PUBLIC discussions of mine finance in the tech-nical press have been confined mainly to methods of providing funds for the development of pros-pects or other mining operations which have not reached the stage of productivity. The application of modern financing methods to mines which have behind them a successful record of net earnings has, for some reason, been given scant consideration by mine owners and managers. In a few conspicuous cases, such for example as the Anaconda Copper Mining Co., Chile Copper Co., and one or two others, industrial finance has been applied to mining operations on the scale and after the fashion of other operations. When extensions are needed re-course is usually had, however, to the sale of common stock, with the obvious disadvantage of diluting the holdings of every stockholder of record prior to such financing. In some cases, it has been sought to over-come this disadvantage by issuing stock purchase rights to shareholders of record. If the stockholder is in a position to acquire additional stock, he may then pre-serve his interest intact, otherwise he must suffer a dilution of his holding. If he purchases additional stock he is, from one point of view, paying more for his in-terest than he bargained for when he made his original purchase. In many cases development and equipment are paid for out of surplus or current earnings. It is sometimes most difficult to explain to a manager why he can afford to borrow money when funds are available from a sur-plus account. Nevertheless, industrial enterprises with adequate surplus accounts often finance new construc-tion by the issuance of bonds. Such a procedure enables the company to maintain its surplus intact, and to con-tinue the payment of dividends during a temporary period of unusual expenditures.

Jan 2, 1927

By R. M. Wilhelm

HIGH-TEMPERATURE thermometry,, as treated in this paper, deals with the measurement of temperature in the range 100° to 550° C. The lower limit corresponds to the temperature of boiling water at normal atmospheric pressure, the upper limit is approximately the highest temperature to which mercury in a glass thermometer may be safely subjected.1 In this range., the domains of pyrometry and thermometry overlap somewhat, for high-temperature resistance thermometers and thermocouples generally classed as pyrometers are often used below 550° C. This paper will be confined to high-temperature mercurial thermometers, and indicating and recording thermometers of the vapor pressure, liquid or gas filled, and bimetallic or graphite-metal expansion types, a classification of which is as follows: CLASSIFICATION OF THERMOMETERS GENERAL CLASSIFICATION SUBDIVISIONS Mercury in glass Laboratory- Etched or engraved stems (mercurial) Enclosed scale (Einschlus) Industrial Vapor pressure Indicating and Pressure Liquid filled recording Gas filled Bimetallic Graphite-metal expansion

Jan 9, 1919

By Van Manning

IN SUBSTANCE, the international aspects of the petroleum industry, as these relate to the United States, are as follows: The domestic production is not keeping pace with the domestic demands; our best engineering talent warns us of the imminence of a decreased production by our oil wells, although more oil is needed; and the only practical source whence this increasing demand can be supplied for some time to come will be the foreign fields. Other nations have given thought to the future and, in recent years, have shown a tendency to adopt strong nationalistic policies regarding their petroleum resources, policies that hinder or prevent the exploitation of these resources by other nationals. In consequence, we find that, facing a probable shortage of the domestic supply, our nationals are excluded from foreign fields; and this in spite of the fact that foreign nationals have been permitted to enter into and exploit, our own oil resources on an equality with American citizens and without hindrance or restrictions. This country: has supplied the larger part of the petroleum consumed by the world and yet, with a failing supply imminent, it finds that those countries that have been drawing upon our resources to supply their needs are showing a tendency to exclude us from their resources. In this way we shall be transferred from a position of dominence to one of dependence; and only by sufferance of those countries that are now seeking financial or political control of petroleum supplies, shall we be able to obtain the oil we will need.

Jan 2, 1920

By S. C. Sun, D. R. Mitchell

Experiments show that ores such as tungsten and tin, which slime excessively, can be deslimed and upgraded by ultrasonics. The method proposed depends primarily upon the stratifying and peptizing action caused when high frequency sound waves are propagated upward through ore pulp in a cylinder tube. Stratifying and peptizing are somewhat hindered by the accumulating action, which embodies additional effects of reflection and refraction.

Jun 1, 1956

EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS C. H. MATHEWSON. Chairman PAUL D. MERICA, Vice-Chairman CHESTER A. FULTON CARROLL A. GARNER H. Y. WALKER FINANCE COMMITTEE OF THE BOARD OF DIRECTORS ERLE Y. DAVELER, Chairman WILBER JUDSON RUSSELL B. PAUL HENRY KRUMB, Consultant

Jan 1, 1943

By H. S. "Pete" Fowler

SME-AIME's Planning Committee established Working Party No. 22 in September 1974. Its charge was to: "Determine and take necessary actions to have Mining Engineering included among the disciplines on the National Professional Engineering Examinations." The first national examinations in "Mining/Minerals Engineering" will be given during April 1979, in states that request questions from the National Council of Engineering Examiners (NCEE), Seneca, S.C. From a survey by NCEE, mining engineering is recognized as a specialty in professional engineering registration in 25 states. In addition, 19 states give examinations in mining engineering. At press time, Pennsylvania, West Virginia, and Virginia have indicated they will use the April 1979 exam.

Jan 11, 1978

By J. M. Armstrong

Jan 1, 1934

By D. R. Weir, R. M. G. S. Berezowsky

Pressure oxidation of gold containing concentrates and ores is an effective pretreatment for liberating refractory gold. This is particularly true when an appreciable portion of the gold is associated with sulfides and is not amenable to conventional cyanidation. A brief review of the literature on pressure oxidation of refractory gold materials is presented. The chemistry of the aqueous oxidation of arsenopyrite and pyrite is discussed. Data obtained on pressure oxidation and subsequent cyanidation of concentrates and ores tested at the Sherritt Research Centre are also presented.

Jan 1, 1985

By Byron S. Gottfried, Guan Qi Zhao, John W. Tierney

Equations for predicting the performance of vacuum filters and centrifuges used for coal dewatering are presented. These equations are the basis for a dewatering module which has recently been added to the Coal Preparation Plant Simulator developed at the University of Pittsburgh under the sponsorship of the Department of Energy. The module provides for mechanical degradation in the centrifuge; loss of fines to centrate or filtrate; changes in size and gravity distribution; changes in ash and sulfur content; as well as final moisture content of the dewatered product. Inputs to the module are the flow rate of the coal to be dewatered, a washability analysis of the coal, and parameters describing the operation of the vacuum filter or centrifuge. Typical results obtained using the module are presented. There are adjustable parameters which can be varied to match plant operation or experimental data if desired.

Jan 1, 1983

By W. W. Loo

A REVIEW of the literature on the reduction of cassiterite showed. that scarcely any progressive changes were made in the methods of reducing cassiterite until within the last two decades, and that during that period many improvements in the metallurgy of tin have taken place. Since 1914 the world's consumption of tin has increased considerably, resulting in the exploitation of primary tin deposits such as the Bolivian lode, which has become an important source of tin. On account of the low tin content of Bolivian ore, and the presence of objectionable impurities of the reduced tin, the smelting of this ore and the refining of the tin has changed considerably from the methods formerly used. A comparative study of the methods of smelting cassiterite concentrates suggested that an investigation be planned so as. to determine what factors effect the extraction of tin from its ores by reduction with carbon. The first part of the experimental work was the determination of whether roasted cassiterite concentrates can be reduced by carbon without the use of flux, and the reduced pellets of tin be collected into a single mass separate from the dry gangue residue The second part of the experimental work was a comparison of the effect of variations of the different factors on the smelting of roasted cassiterite concentrates: first, the effect of varying the composition of the slag; second, the effect of varying the amount of reducing agent; third, the effect of varying the relative amount of the resulting slag; and fourth, the effect of different kinds of reducing agents:

Jan 1, 1928

Stringent controls now placed on the quality of coal make it important to be able to predict not only the tonnage and the grade of the coal in situ, but also the recovery factory and average grade after the coal has been washed. The established techniques of linear geostatistics (ordinary kriging) can be used to estimate the total tonnage and the grade of the coal in situ, but more sophisticated techniques are required for predicting the characteristics of washed coal. Two approaches are currently being investigated at Fontainebleau. One involves a parametric model of the washability curves and disjunctive kriging. This is described in Armstrong (1980(a) and (b)). The other is similar to the service variable approach used for estimating recoverable uranium reserves. The method is described in this paper.

Jan 1, 1985

By Graham Swan, Ove Alm

In-situ fracture toughness experiments have been performed with a scanning electron-microscope. The rock, Stripa granite, was loaded both in tension and three-point bending using the same size notched plates. Observations, which included crack extension measurements as a function of load, are presented in the form of R-curves. The data does not sup- port the proposition that R-curves can be regarded as independent of specimen configuration for this granite. Typically crack extension was seen to begin at loads of 70-80 % failure load. Tensile specimens showed considerably greater sub-critical crack growth than the bend specimens. Evaluation of the approximate fracture toughness Km for both specimen types produced as expected erroneously low estimates Of KIC, being worst in the case of the tensile specimen. Some crack extension data for Stripa granite using the indirect methods of compliance calibration, fluorescent dye penetrant and acoustic emission are compared. In a material such as Stripa granite it is considered that no single method is without its limitations.

Jan 1, 1982

By Orville A. Derby

In view of the recent important discussions before this Institute on the genesis of metalliferous deposits, certain features in the occurrence of gold which seem to be more clearly developed in Brazil than elsewhere can hardly fail to be of interest. As the observations here recorded have necessarily been of a somewhat cursory character, they will be presented in the form of brief notes, without any attempt to draw conclusions as to their genetic significance. Gold in Gneiss.—The statement made by me many years ago† that in the districts of Campanha and S?o Gongalo, in southern Minas Geraes, gold occurs in gneiss, can now be reaffirmed in the most positive manner, on the strength of a recent examination of fresh material, confirmed by the testimony of an experienced mining captain from the Morro Velho mine, who, being skeptical on this point, made a prospectingtour in the district. The specimens examined, though so far decomposed as to be readily disaggregated, were clearly of

Jan 1, 1903

By James R. Stuart

AS the available remaining properties of iron ore reserves on the Mesabi Range are opened up for mining, the various properties located under lake beds are brought nearer an active status. The actual physical problems involved in stripping these properties do not act as a deterrent so much as the legal and political problems that are encountered.

Jan 9, 1951

By R. Costantini

Long-distance transportation of solids by hydraulic pipelines holds promise of great economic benefits. In most mineral processing plants today, moving of solids in slurry-form by pipeline is commonplace. Yet in spite of this, the method is slow in being adopted on a broad scale for moving solids over distances of many miles. This is especially surprising in view of the successful realization of two daring ventures in long-distance solids pipelines in this nation within the last five years. One is the 72-mile long, 6-in. diam. pipeline of the American Gilsonite Co. which has been satisfactorily transporting 700 tpd of gilsonite from the mine at Bonanza, Utah, to the processing plant at Grand Junction, Colo., since April 1957. The other is the 108-mile long, 10-in. pipeline of the Pittsburgh Consolidation Coal Co., which has been transporting about 4000 tpd of finely crushed coal from the mine at Cadiz, Ohio, to the Eastlake Power Plant of the Cleveland Electric Illuminating Co. since January 1958.

Jan 8, 1961

By J. K. Jeyapalan, A. P. S. Selvadurai

Plate loading tests which use surficial loading of a rock mass are employed quite extensively for the determination of in situ deformability characteristics of rock masses. The cable jacking method is essentially a surficial plate load test in which the test load is provided by reaction against a cable anchored at some depth below the rock surface. The results of the test are usually evaluated within the framework of the classical theory of elasticity to generate estimates for the bulk deformability properties of the rock mass. In the conventional evaluation of this test it is assumed that the test plate is rigid and that the embedded anchor load has no influence on the test plate settlement. The purpose of this paper is to examine the possible influences of the plate flexibility and the anchor load location on the effective settlement of the test plate. The variational estimates presented in the paper are valid for moderately flexible test plates which are characterized by a relative rigidity parameter Numerical results are developed in the form of correction factors that should be applied to the cable jacking results to arrive at the deformability characteristics of the tested rock mass.

Jan 1, 1982

By J. B. Rather

THE use of sulfuric acid in refining illuminating oils antedates the beginning of the petroleum industry in America by many years. It was used as early as 1792 by Tower in refining "coal oil" in the British Isles, and by 1860 there were 53 refineries in the United States manufacturing "coal oil," most of them using sulfuric acid as a refining agent. Following the completion of the Drake well in 1859, many of the "coal oil" refiners began to use petroleum for manufacturing illuminating oil, and their methods and equipment were adapted so far as possible to this new raw material. The value of sulfuric acid in refining "coal oil" having been established, this reagent was immediately tried and found to be satisfactory in refining petroleum. Notwithstanding the tremendous advances in petroleum technology since that time, sulfuric acid remains today the most valuable and most widely used means for refining petroleum products. EARLY METHODS OF DISPOSAL OF ACID SLUDGE With the almost immediate expansion of the petroleum industry came the problem of disposing of the acid sludge produced in the refining operations. While in 1859, the year of the discovery of the Drake well, a patent was granted for sludge separation and separated acid concentration, most of the earlier refiners, and many of their successors, felt that separation and recovery of spent acid was uneconomical. Accordingly, many of them disposed of the sludge in any way that seemed expedient at the time. It was buried in the refinery grounds, barged and dumped at sea, run into neighboring streams, or dumped into sewers. Some optimists carted it to open pits in the hope that it would either sink into the ground or evaporate. Not so many years ago, the superintendent of an eastern refinery, who was using the open-pit method of disposal, lost a sludge cart, with horse attached, in such a pit. The horse was recovered almost immediately, but its availability for further use was reduced to zero by the loss of its hair.

Jan 1, 1928

By E. C. Harder

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 f several cooperating organizations, has made a comprehensive investigation of domestic manganese resources. The work has included field studies in a number of states as 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 large deposits of rich manganese oxides appear to be lacking in the United States, small deposits of high-grade material are numerous and widely distributed and large low-grade deposits are found in several places. The principal districts in which high-grade manganese ore is mined, in the order of their importance as recent sources of production, are: Philipsburg district, Mont.; Butte district, Mont.; Southern Nevada region; Central California region; Bisbee district, Ariz.; Appalachian region of Virginia; Batesville district, Ark.; Tintic district, Utah; and Cartersville district, Ga. Scattered deposits of some importance are found in western Arizona, southern California, eastern Tennessee, southern Oregon, and central Utah. The formation of many manganese oxide deposits appears to be related to the physiographic histories of the regions in which they occur.

Jan 5, 1919