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By J. C. Jaeger

The study of brittle fracture of rocks has been a much neglected subject until quite recently and now is in a state of transition and rapid development. Historically, three methods of testing were used by engineers: uniaxial tension, bending, and, by far the most common, uniaxial compression of cubes. This latter was probably adequate for engineering requirements, but from the last century onwards there has been a demand from geologists for a study of the properties of materials under conditions comparable with those at depth in the earth's crust. King1 remarked that "in engineering practice a cube of the material is put into a testing machine and the stress required to crush the cube is measured. This gives the limiting stress difference for the material so long as the boundary conditions are similar to those existing during the test . . . this may by no means be the case when the boundary conditions are very different from those existing in the test, for instance, in the case of rupture in the neighbourhood of a cavity. . . ." Despite this very clear statement of principle, many writers until recently (e.g. Jeffreys2 used the uniaxial compressive strength as a measure of the 'strength' of rock. In the last century (Becker 3, it was both conjectured and, for some rocks, known qualitatively, that plastic deformation could occur under confining pres- sure; the demand from geologists has been for the study of flow rather than fracture of rocks.. From the time of von Karman (1911) and Böker5 (1915) onwards, apparatus has been built which could provide confining pressures sufficient to make some rocks plastic. Many experiments tended to be made on rocks such as marble, which readily become plastic, and the general tendency was to make relatively few experiments in the brittle range. This is particularly true of many experiments on combined stresses. As a result of this, there is not sufficient data to provide adequate information

Jan 1, 1967

By Henry Emmett Gross

Two types of decline curves are considered and their applications are discussed. The first is the well-known semilogarithmic decline curve having the rate of production plotted on the logarithmic scale and the time on the horizontal scale. The other curve is the percentage of oil in the fluid versus cumulative production, and it is plotted on Cartesian coordinate paper. These curves are illustrated by carefully and adequately labeled graphs. Where conditions permit application of both types of curves for rationally determining the reserves of a well, both should be applied and the most conservative reserve should be chosen. Formulas are given for determining the economic limits. For a semi-l~~arithmic~decline curve the formula is: A = B X C X D X E X F or B = A/C ? D X E X F A = total monthly operating cost (average of past year), B = economic limit in barrels of oil per day, C = days in an average month = 30.4, D = market price of crude per barrel, E = 1-royalty, F = 1-gross production tax, G = water production in barrels per day at the economic limit, H =per cent oil in fluid at economic limit. The economic limit for a per cent oil in the fluid curve is: H = B/B+G X 100 The semilogarithmic decline curve is treated first. Straight-line extrapolations on semilogarithmic paper follow the compound interest compound discount law, hence the ensuing formulas derived from this law may be used in computing reserves for such extrapolations: [1___1/(1+Y)]

Jan 1, 1939

By Henry Emmett Gross

Two types of decline curves are considered and their applications are discussed. The first is the well-known semilogarithmic decline curve having the rate of production plotted on the logarithmic scale and the time on the horizontal scale. The other curve is the percentage of oil in the fluid versus cumulative production, and it is plotted on Cartesian coordinate paper. These curves are illustrated by carefully and adequately labeled graphs. Where conditions permit application of both types of curves for rationally determining the reserves of a well, both should be applied and the most conservative reserve should be chosen. Formulas are given for determining the economic limits. For a semi-l~~arithmic~decline curve the formula is: A = B X C X D X E X F or B = A/C ? D X E X F A = total monthly operating cost (average of past year), B = economic limit in barrels of oil per day, C = days in an average month = 30.4, D = market price of crude per barrel, E = 1-royalty, F = 1-gross production tax, G = water production in barrels per day at the economic limit, H =per cent oil in fluid at economic limit. The economic limit for a per cent oil in the fluid curve is: H = B/B+G X 100 The semilogarithmic decline curve is treated first. Straight-line extrapolations on semilogarithmic paper follow the compound interest compound discount law, hence the ensuing formulas derived from this law may be used in computing reserves for such extrapolations: [1___1/(1+Y)]

Jan 1, 1939

By H. F. Porter

MUCH has been written relative to the errors involved in the use of a galvanometer for measuring thermocouple electromotive forces. In general, it may be said that accuracy with a galvanometer is secured only at the sacrifice of durability, unless manual adjustment is made in the operation of the instrument to overcome the errors of resistance. and resistance changes. The pyrovolter and the potentiometer both require manual adjustment for every reading, readings being taken on a "null" method. To the end that some of these balances may be eliminated and only an occasional balance be made as a check reading, the "continuously deflecting pyrovolter" was developed. Essentially, the operation of the continuously deflecting pyrovolter is to determine the resistance of the thermocouple circuit, though its value is not noted or indicated, then throwing in series with the thermocouple sufficient resistance to bring the sum up to some standard value for which the indications of the galvanometer will be correct. This result may, however, be accomplished in a somewhat simpler manner, for which general method patents are now in the course of application. If we devise a galvanometer circuit so that by means of a simple adjustment the resistance of the entire circuit will be rendered equal to some constant predetermined value, we may rely on the galvanometer to give correct e.m.f. indications (assuming that the errors of temperature resistance coefficient and cold junction have been properly allowed for), and will indicate temperature continuously where the e.m.f. measured is developed by a thermocouple.

Jan 9, 1919

Noranda Mines, of Quebec, signed a contract for construction of a $20 million copper refinery at Gaspe, P.Q. The plant is expected to have a 65500-ton daily capacity for both concentrator and smelter. Extensive drilling. around Gaspe has revealed more than 65 million tons of 1 to 2 pct copper in several deposits. Cerro de Pasco Corp. has called a special stockholders meeting for August 19 to obtain permission to engage in the oil and natural. gas business, in addition to its present production of zinc, lead, copper, silver and other metals. St. Joseph Lead Co. recently entered the oil development field. The United States, Canada and Great Britain have agreed to establish a permanent organization to work on unification of engineering standards. General accord has been reached on drafting standards and practices, screw threads, fittings for gas cylinders, and fits and tolerances. Permanent committees will study these fields. Reconstruction Finance Corn approved the largest sum in its history. for a mining enterprise when it loaned $94 million to San Manuel Copper. Corp., of Pinal County, Ariz. The loan will be used to increase production of copper and molybdenum, in what was described as-the biggest copper deposits in the country. Three large gold mining concerns operating in the Philippines told the Philippine Wage Board that they would be forced to close if they had to boost miners' wages 500 to $2 per day. The companies are Mindanao Mother Lodes, Benguet Consolidated, and Balatoc Mining Co.

Jan 1, 1952

By F. A. Hill

Coal mining in the State of Washington offers many interesting problems for the mining engineer, due to the varied physical conditions occurring in different fields, and often in the same mine. The different coal seams worked in the same mine commonly require different mining and transportation methods for economical operation. The coal measures have inclinations ranging from 5' to vertical, and in the same mine the dip of the coal may vary from 30' to 50 . In all fields, the seams are extensively faulted, folded, and sheared. The quality of the coal produced ranges from brown lignite to bituminous coking coal, the following being typical analyses: Very little of the coal contains as much as 0.75 per cent. sulfur. The brown lignites occur mostly in Lewis and Thurston Counties, and as a rule are very cheaply mined. This coal has been successfully used in locomotives of the Oregon & Washington Railroad, after equipping them with specially designed fireboxes. The sub-bituminous coals occur in all the coal-mining counties. Their cost of production varies widely, according to the character of the formations, the pitch, and the wall conditions. This makes a fairly good steam coal, but the lump is used mostly for domestic trade, after grading into lump, nut, and pea. The coking coal is used for making coke, and for locomotive and other boiler fuel. It yields a strong metallurgical coke, quite high in ash, though seldom exceeding 18 per cent. ash. Most of it is susceptible to

Jan 1, 1920

By Oscar Lachmund

DURING the driving of the main haulage level at the Copper Mountain mines of the Canada Copper Corpn., Ltd., near Princeton, B. C., some very rapid driving was clone, though no claim for a world's record is made. Conditions, however, were unfavorable for economical operations. The cost of power was high, for the fuel was of poor grade; besides, during the time the work was in progress, very little other power was needed so that most of the power cost was charged against the footage. The FIG. 1.-DRIFT ROUND USED IN MAIN HAULAGE LEVEL, COPPER MOUNTAIN, B. C. transmission line consisted of No. 4 galvanized iron wire with the result that the line loss was considerable. The voltage transmitted was about 30,000. The plant was operated under a lease, which was due to expire about the same time this work was supposed to be completed; an extension was refused, therefore speed was most important. The plans called for a straight adit 2900 ft. (884 m.) in length. At a point 2800 ft. (853 m.) from the portal, two raises were to be put up to the next nearest workings, a difference in elevation of about 800 ft. (243 m.). One of these was to be a two-compartment hoistway and the other a zigzag ore pass, or muck run. A location for these raises had been determined by a number of diamond-drill holes, but the material to be penetrated by the alit was not known. It seemed imperative to get the tunnel work completed as rapidly as possible, in

Jan 3, 1919

By Charles H. Kline

Industrial minerals are the Cinderella of the mining I industry. Often considered as just dirt by traditional hard-rock miners and oil drillers, these products nonetheless comprise the second largest segment of the industry and the fastest-growing one. With annual sales of $5.7 billion, industrial minerals make up 22% of the dollar value of U.S. mineral consumption. By contrast, metals account for only 11%. Fuels, of course, are dominant, representing 67%. The dollar values of production and consumption for the three segments of the industry in 1968 are shown in Table I. The growth rate of industrial minerals is shown in Table II. From 1953-1968, the current-dollar value of all U.S. mineral production increased at the average annual rate of 3.8% while that of the gross national product increased at 5.9%. Industrial minerals are the only segment of the mining industry that approached the growth of the overall economy in this period, with production values increasing 5.1% a year and apparent-consumption values 5.6% These data, expressed in current dollars, include the effects of inflation. The growth in U.S. industrial minerals production is even more striking when expressed in indexes of physical production. As shown in Table III, production of all U.S. industries increased by 4.1% a year from 1953 to 1968. The growth in production of stone and earth minerals just matched this figure. By contrast, the average annual increase for oil and gas was 2.2%: for metals, 1.6% : and for coal, only 0.6 %.

Jan 1, 1970

By M. S. King, B. N. P. Paulsson

Four vertical boreholes in the vicinity of an electrical heater simulating a canister of nuclear waste in a granitic rock mass have been logged with an acoustic borehole sonde before and after thirteen months' heating. Excellent control of the structural geology and fractures present in the rock mass was provided by the considerable amount of oriented core recovered from the four boreholes used for acoustic logging and the large number of others used for a variety of rock mechanics instrumentation. Compressional and shear-wave velocities were measured as a function of stress on some twenty core samples, water-saturated and dry, which were recovered from the four acoustic logging boreholes. Further control was provided by a cross- hole acoustic monitoring program conducted before, during and after heating between the same four boreholes, and by measurements of acoustic velocities in an isolated block of granite in the same heater drift, which was subjected to an increase in temperature and to changes in uniaxial stress. It is concluded from the acoustic logging tests, taken in conjunction with the acoustic cross-hole and heated block experiments, that acoustic techniques: 1. Provide a means for locating and delineating systems of weakly- bonded or open fractures within the rock mass; 2. Provide a sensitive means for monitoring a rock mass for changes in moisture content or structural damage to the rock fabric induced by thermal or mechanical loading; 3. Together with the rock bulk density yield the elastic constants of the rock mass.

Jan 1, 1982

By Daniel L. Noble

Riparian communities are those related to, or near a natural watercourse (or sometimes of a lake, impoundment, or tidewater). Generally, riparian communities contrast sharply with the dominant vegetation type in an area, for example, the willow-birch-aspen- dominated watercourse in the Black Hills with its associated beaver- muskrat-trout habitat as compared to the dominant monotype ponderosa pine forest on either side of the drainage. Riparian ecosystems are valuable for the aesthetics, namely, varied landscape; photography and art; human awareness; diversity of plant and animal life, some of which may be unique to that habitat; cover, food, and water for associated wildlife and domestic animals; for recreation; for domestic water supply; and as natural outdoor laboratories. One major negative impact on riparian communities is hazardous chemicals from effluents from agricultural, industrial, and mining- metallurgical processes. One such chemical is cyanide, long used in the processing of gold and silver, and discharged previously directly into some of our natural ecosystems. With present environmental awareness, industry and government are attempting to minimize or eliminate this contamination. Homestake Mining Company began processing gold ore in the Lead- Deadwood area of South Dakota in 1878 and has remained in production at variable activity levels to the present time. The amount of cyanide (and heavy metals) entering the ecosystem during this time can only be crudely estimated, in part because of the variability in activity and the lack of understanding and concern about environmental pollution until the 1960's. Whitewood Creek, a tributary of the Belle Fourche River which flows into the Cheyenne River and

Jan 1, 1983

By Oscar Lachmund

During the driving of the main haulage level at the Copper Mountain mines of the Canada Copper Corpn., Ltd., near Princeton, B. C., some very rapid driving was done, though no claim for a world's record is made. Conditions, however, were unfavorable for economical operations. The cost of power was high, for the fuel was of poor grade; besides, during the time the work was in progress, very little other power was needed so that most of the power cost was charged against the footage. The transmission line consisted of No. 4 galvanized iron wire with the result that the line lass was considerable. The voltage transmitted was about 30,000. The plant was operated under a lease, which was due to expire about the same time this work was supposed to be completed; an extension was refused, therefore speed was most important. The plans called for a straight adit 2900 ft. (884 m.) in length. At a point 2800 ft. (853 m.) from the portal, two raises were to be put up to the next nearest workings, a difference in elevation of about 800 ft. (243 m.). One of these was to be a two-compartment hoistway and the other a zigzag ore pass, or muck run. A location for these raises had been determined by a number of diamond-drill holes, but the material to be penetrated by the adit was not known. It seemed imperative to get the tunnel work completed as rapidly as possible, in

Jan 1, 1920

By Gregory Dybalski

The purpose of this paper is to illustrate the forecast capability of the econometric model of the cobalt industry1/ as utilized by the Federal Preparedness Agency. Forecasts from this model are illustrated from the premise that the leading producer continues production of cobalt. An alternate forecast is presented where the model structure is altered to reflect the condition where the leading producer leaves the market. All estimations and forecasts presented here are shown for illustrative purposes. The cobalt industry is highly concentrated; one company, owned by the Zaire government, accounts for approximately three-fifths of world production. The cobalt supply outside of Zaire is determined by the level of activity of copper or nickel markets, as cobalt is mined as a by-product of copper or nickel. The demand for cobalt reflects a diversified usage pattern; cobalt is used mainly in heat and corrosion-resistant materials, high- strength materials and permanent magnets. According to 1974 U.S. consumption data superalloys accounted for 22%, magnetic alloys 18%, cutting and wear-resistant materials 13%, and catalyst 7%. Foreign consumption is probably similar in terms of usage categories, but the relative order of the categories is in variance.2/ The Cobalt Model The cobalt model's object is to explain consumption, supply and price movements by utilizing statistically estimated equations. Central to the econometric model is the role of Zaire as the profit-maximizing "dominant firm". Zaire sets the price that is most profitable for itself. The price of cobalt depends on industrial demand, production of other firms, and net exogenous purchases, such as government

Jan 1, 1977

By Thomas M. Tharp

INTRODUCTION Attempts to analyze the stability of slopes, foundations and underground openings in discontinuously jointed rock have generally assumed full joint continuity or ignored the role of stress concentration at the tips of discontinuous joints. The most common approach in rock slopes is to consider a failure plane consisting of coplanar, but discontinuous joints separated by intact rock. The intact rock is assumed to fail in shear as a Mohr- Coulomb material and to contribute a strength component proportional to the fraction of the failure plane that is intact rock (Jennings, 1970). An alternative approach by Stimpson (1978) applies Lajtai's (1969) theory for shear strength of discontinuously jointed rock masses to slopes. Lajtai allows tensile failure in the intact rock of a composite surface. This theory yields lower shear strength than that of Jennings (1970) except in the presence of high normal compression, however it also fails to account for the stress concentration at the tip of a discontinuous joint. For a given slope geometry, stresses increase with slope height, but in both of these models rock mass strength is independent of size. A fracture mechanics analysis shows that particularly for small slopes, rock mass strength decreases with size. A continuous stepped failure surf ace produced by propagation of preexisting joints may develop at lower shear stress than predicted by the Jennings (1970) or Lajtai (1969) models. This fracture mechanics model applied to slopes in competent rock is more realistic in its assumed failure mechanism, and for large slopes more conservative than the Jennings (1970) or Lajtai models (1969).

Jan 1, 1984

By R. J. Borg, C. E. Birchenall

The self-diffusion coefficients for a iron have been deternzined between 980° and 1167° K using Fe55 as the tracer. With decreasing temperature the diffusivity was found to decrease more rapidly than predicted by the Arrhenius equation in the region of the Curie temperature. The diffusion coefficients obtained well above the temperature of the magnetic transformation are more precise ard differ substantially from all the previously reported values. In the temperature region beginning at least 50" above T,, the diffusion coefficient is given by D = 118 (±2) exp 1 HE self-diffusion coefficients for a iron have been reported previously as the result of four independent investigations The general lack of agreement and the poor precision of most of the previous work prompted the redetermination by the present authors. The possible effect of the onset of ferromagnetism upon the diffusivity5 provided an additional impetus for this investigation. The earlier measurements of Birchenall and Mehl1 gave low values for the diffusion coefficient at temperatures below the Curie temperature, Tc. However, the precision of these measurements is not sufficient to establish an indisputable correlation between the low values and the magnetic transformation. The results of this investigation along with all the previous ones are shown in Fig. 1. EXPERIMENTAL Small rectangular samples, approximately 1 by 0.5 by 0.3 cm, of high-purity iron (Vacuum Metals Corp., "Ferrovac") are first heated in hydrogen at 900°C for24hr in order to remove possible trace amounts of dissolved carbon and oxygen. The small

Jan 1, 1961

By R. G. Garlick, M. Garfinkle

It was observed for several bcc metal crystals that the Knoop hardness anisotropy was dependent essentially on the direction of the lung axis of the indentor alone and not on the plane of indentation. The generality of this observation was tested for an fcc md an hcp metal and an ionic crystal. For cubic crystals, this observation was valid; for the hcp structure, however, the planes of indentation did have an effect on the hardness anisotropy, although this was not nearly as significant as the direction of indentation. Because the direction of indentation is the only significant crystal-lographic parameter necessary to describe the hardness anisotropy, it is possible to represent the anisotropy of single crystals on the standard stereographic triangle. THE commonly observed1, 2 periodic variation of indentation hardness with crystallographic direction on the high-symmetry planes of various single crystals has been inadequately related to the physical or mechanical properties of the crystals examined. In fact, the hardness anisotropy curves for the various planes of a particular metal crystal, as is illustrated in Fig. 1, are uncorrelated and appear in the literature3, 4 as unrelated observations. Attempts to correlate hardness anisotropy curves with specific physical properties can be generally divided into either mechanistic or nonmechanistic approaches. A nonmechanistic approach would be to devise a mathematical expression that could describe the various hardness anisotropy curves. Such a relation could then be compared with the known anisotropy of various physical properties to determine which contribute to the observed hardness anisotropy. No such mathematical expression has been found in the literature.

Jan 1, 1969

By W. W. Odell

ONCE it was believed that anthracite or coke were the only fuels generally available and suitable for the generation of water gas, particularly so when this gas was made in the generators of standard carburetted water-gas sets such as are commonly used in the manufacture of city gas. During the past 8 years, practice has changed considerably and it is -now common to find gas plants operating without anthracite or coke and using bituminous coal in the generator. This change in fuel has appreciably increased the marketability and sales of certain coal producers' products; accordingly it is of interest to coal operators and others to know the reason for this change, the present trend in practice and the adaptability of various coals for generation of water gas. This paper briefly discusses these conditions and some of the factors relating thereto. BITUMINOUS COAL NOT IDEAL BUT CHEAPER THAN COKE In spite of many changes which have been made in both process and generating apparatus for using bituminous coal as generator fuel more efficiently, in general it is not an ideal fuel for this purpose. It is supplanting coke because it costs less; it is so much cheaper per ton delivered at the gas works that water gas made therefrom costs less per unit-volume than that made from coke, even though the quantity of generator fuel consumed per therm (100,000 B. t. u.) of gas made is greater with coal. This is the reason why so many city gas plants, as well as others, are using bituminous coal instead of coke.

Jan 1, 1927

By Cyril Stanley Smith

METALLURGISTS - or at least metals - have been of central importance in most of the inventions that have shaped the course of man's history. From the first Bronze Age tools to the iron armor of the Roman soldier, the cannon, cast type for printing, the steam engine, the electric motor and modern electronic devices, technological progress has revolved around some particular property or comb nation of properties selected from the metallurgist's repertory. The recent utilization of the energy of the atomic nucleus (currently for military purposes alone but with great constructive implications for the future) is no exception to this, although the use of uranium and plutonium in metallic form is of secondary importance, since the significant properties are those of the nucleus and not of the electrons responsible for metallic behavior. THE METALLURGIST AND ATOMIC ENERGY The metallurgist has a role of central importance to play in the future development of atomic energy. Not only must he make and shape the fissionable materials themselves, but he must also develop auxiliary materials to withstand the extreme conditions imposed on nuclear reactor components by the high heat-transfer rates needed for efficient utilization of the fuel and by the perplexing but interesting effects of radiation on the structure and properties of materials. It is doubtful if there is currently any other field potentially more rewarding to a young metallurgist. Quite apart from the all important but relatively short-range considerations of national security is the vision of the effect on civiliza-

Jan 1, 1953

By Charles W. Sweetwood

THE Western phosphate field, virtually ignored for 40 years, has been undergoing a rapid climb to economic importance. Until World War II there seemed to be no reason for developing the phosphate rock region of the Intermountain Empire. But the tremendously increased demand for food production and the needs of many branches of the chemical industry changed all that. Quite suddenly a report made by the U. S. Geological Survey at the turn of the century became important. The survey showed that 60 pet of the nation's phosphate reserves were in the western phosphate field. Simplot Fertilizer Co. was one of the first to become actively interested in the development of the area. In August, 1945 the company began exploration of the Phosphoria Formation on the Fort Hall Indian Reservation. The result was the Gay Mine, about 18 miles east of Indian Agency Headquarters at Fort Hall, Idaho, developed to supply high grade phosphate rock for processing into superphosphate fertilizer at the company's Pocatello plant. Six ft of high grade oolitic phosphate rock (ranging from 32.5 to 34.5 pet P2O5) were discovered at the base of the Phosphoria Formation by diamond drilling and dozer trenching. High quality and thickness, plus the fact that the formation lay flat and near the surface made strip and open pit mining possible. In one year of mining, starting June 1946, a total of 53,000 tons of main bed oolitic phosphate rock was hauled to Pocatello for processing into supersulphate. The first year's operation was in

Jan 1, 1952

By Edwin C. Eckel

The title of this study may fairly lead to misunderstanding unless its basal viewpoint is explained at the start. There is of course no chance of misunderstanding the term strategic minerals-for some years past it has been rather generally used to cover those mineral supplies, important for war use, which do not occur in adequate amount on the territory of the Power under consideration. Even here, however, I might add a note of warning. It is commonly understood that the list of strategic minerals will vary, according to what country we are considering; but it is rarely understood, even in Staff studies, that it varies equally according to the particular adversary we happen to be considering. In the present study I have stated the definition in the broadest possible terms, and have at this stage purposely avoided limiting it to any one country or war situation, with the express purpose of being free to bring out certain implications which are commonly, if not always, overlooked. The more important opportunity for misunderstanding is, of course, that my views on the phenomena war and peace do not coincide with those currently fashionable, particularly in advanced intellectual circles. For we must face the fact that for a decade past the natural reaction from war conditions has shattered the public mentality so completely that our public discussions of such questions have very little relation to fact; they are excursions into ideal rather than Realpolitik. And as such they serve merely to prevent public discussion or accept-

Jan 1, 1932

By E. De Golyer

THE petroleum production of the world, in 1923, for the first time reached the billion-barrel mark. A preliminary estimate of production is 1,014,413,000 bbl., an increase of 159,604,000 bbl., or 18.6 per cent. over the 854,809,000 bbl. produced in 1922, the year of next highest production. This increase resulted from an increase of 178,469,000 bbl. in the production of the United States; the total for the rest of the world shows a loss of 18,865,000 bbl., a loss caused by the decrease of approximately 32,278,000 bbl. in Mexican production. The Mexican decrease more than offset increases in the production of Russia, Persia, Roumania, Venezuela, Sarawak, and various minor fields. The increase in production for the United States, and consequently for the world, was the result of flush production from development to maximum capacity during the year of eight, bonanza fields-fields reaching daily yields of 100,000 bbl. or better. It might be ascribed more exactly to the production from the three flush fields of the Los Angeles basin. Their production alone was greater than the increase in the world petroleum production, or the increase in the production of the United States, and it was cheap oil from these fields that demoralized the oil markets of the world. The Basin fields were. the features and dominating factors in the oil industry of the world during 1923. The bonanza fields of 1923, their estimated production for the year, and peak are given in Table 1.

Jan 3, 1924