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By McHenry Mosier

MeRcuRy is one of the strategic metals of which the supply has been raised from critical uncertainty to more than enough for essential demands. Work by the Bureau of Mines has contributed substantially to increased production of mercury in the United States and to consequent accumulation of Government stocks. Other contributing factors have been higher prices for mercury and Government loans to operators. The Bureau has undertaken 13 exploration projects, 10 of which have been completed. This work has comprised 28,376 ft. of several types of drilling and 23,798 lin. ft. of surface trenching, and has indicated commercial ore containing 34,800 flasks of mercury and marginal ore containing 26,200 flasks, a total of 61,000 flasks; equivalent, respectively, to domestic production for 8 months, 6 months, and 14 months. As Government stocks are now adequate, domestic production (currently at the rate of 50,000 flasks per year) is gradually being curtailed through Government control of labor and operating supplies. Introduction Mercury was one of the seven metals designated as strategic by the Army and Navy Munitions Board in 1939, when Congress appropriated funds for the investigation of domestic sources of supply of war minerals. The Bureau of Mines immediately started a limited search for strategic minerals, but the first mercury project was not begun until December 1940. The U. S. Geological Survey assisted in the search for cinnabar by contributing information on domestic mercury deposits, preparing maps, and making geological studies of exploration projects. The present high rate of production of mercury in the United States was encouraged by the increase in price to $196 per flask at New York (Fig. I) and Government loans to operators for mine development and plant construction. The Bureau of Mines has issued, for restricted distribution subject to wartime controls, 13 War Minerals Reports on individual mercury deposits (listed in appendix A). In March 1942 it also published a Progress Report of the Metallurgical Division, R. I. 3627, Cinnabar-reduction Plants of the Southwestern Arkansas Quicksilver District. Uses of Mercury Mercury and its compounds have more than 3000 uses. Its principal use is as a catalyst in the manufacture of gases for chemical warfare; the next largest is in pharmaceuticals. Mercury is essential also for: (I) certain electrical apparatus, (2) industrial control instruments at many war plants, (3) munitions, including blasting caps, (4) insecticides in agriculture, (5) antifouling paint for ship bottoms, (6) dental preparations, (7) general laboratory use, and (8) amalgamation of free-milling gold ores.

Jan 1, 1949

By John L. Lamont, Walter Crafts

An investigation has been made of the multiplying factors for some of the more common alloying and deoxidizing elements for use in calculating hardenability of steel according to Grossmann's method. The factors for manganese, silicon, and aluminum that were reported in an earlier communication2 have been confirmed by microscopic determination of the half-martensite structure rather than on the basis of an empirically determined hardness corresponding to a half-martensite structure. Measurement of ideal critical diameter by microscopic examination was found to be necessary for other alloying elements, and multiplying factors for nickel, chromium, molybdenum, zirconium, vanadium, titanium, and boron have been determined. The nature and order of magnitude of the multiplying factors reflect the effect of the alloying elements on the structural character of the steel. Except for nickel and vanadium, the multiplying factors agree fairly well with previously published results. Good correlation between actual and calculated ideal critical diameters has been found in developing the multiplying factors and in checking the results against fairly simple steels. However, some discrepancies have suggested the need for a more thorough study of low-carbon and complex steels. Testing Procedure The investigation was conducted principally on steels made at the Union Car- bide and Carbon Research Laboratories, Inc., in high-frequency induction furnaces using Armco iron and standard alloying materials. However, a few open-hearth steels were used in establishing the effect of nickel, and the hardenability factor for boron was based primarily on open-hearth steels. All bars were normalized prior to the machining of Jominy hardenability specimens. The Jominy test was carried out under conditions standard for the test.3 Austenitizing temperatures judged to be appropriate for the compositions of the steels were used. Chemical analysis was determined on a sample taken adjacent to the Jominy specimen. Residual amounts of phosphorus, sulphur, nickel, chromium, molybdenum, and copper were determined on only one heat of each group made with the same materials during the same period. "Acid-soluble" aluminum and zirconium rather than total amounts were determined, as it is considered probable that the acid-soluble amount is more representative of the effective alloy. As tin was present to the extent of only 0.002 per cent, its effect was neglected. The method used to determine boron in the steels shown in Table 9* was developed by Galen Porter, Vincent Napoleon, and Thomas R. Cunningham, of the Union Carbide and Carbon Research Laboratories, Inc., and is a modification of J. Naftel's procedure for boron in soils

Jan 1, 1944

By McHenry Mosier

MeRcuRy is one of the strategic metals of which the supply has been raised from critical uncertainty to more than enough for essential demands. Work by the Bureau of Mines has contributed substantially to increased production of mercury in the United States and to consequent accumulation of Government stocks. Other contributing factors have been higher prices for mercury and Government loans to operators. The Bureau has undertaken 13 exploration projects, 10 of which have been completed. This work has comprised 28,376 ft. of several types of drilling and 23,798 lin. ft. of surface trenching, and has indicated commercial ore containing 34,800 flasks of mercury and marginal ore containing 26,200 flasks, a total of 61,000 flasks; equivalent, respectively, to domestic production for 8 months, 6 months, and 14 months. As Government stocks are now adequate, domestic production (currently at the rate of 50,000 flasks per year) is gradually being curtailed through Government control of labor and operating supplies. Introduction Mercury was one of the seven metals designated as strategic by the Army and Navy Munitions Board in 1939, when Congress appropriated funds for the investigation of domestic sources of supply of war minerals. The Bureau of Mines immediately started a limited search for strategic minerals, but the first mercury project was not begun until December 1940. The U. S. Geological Survey assisted in the search for cinnabar by contributing information on domestic mercury deposits, preparing maps, and making geological studies of exploration projects. The present high rate of production of mercury in the United States was encouraged by the increase in price to $196 per flask at New York (Fig. I) and Government loans to operators for mine development and plant construction. The Bureau of Mines has issued, for restricted distribution subject to wartime controls, 13 War Minerals Reports on individual mercury deposits (listed in appendix A). In March 1942 it also published a Progress Report of the Metallurgical Division, R. I. 3627, Cinnabar-reduction Plants of the Southwestern Arkansas Quicksilver District. Uses of Mercury Mercury and its compounds have more than 3000 uses. Its principal use is as a catalyst in the manufacture of gases for chemical warfare; the next largest is in pharmaceuticals. Mercury is essential also for: (I) certain electrical apparatus, (2) industrial control instruments at many war plants, (3) munitions, including blasting caps, (4) insecticides in agriculture, (5) antifouling paint for ship bottoms, (6) dental preparations, (7) general laboratory use, and (8) amalgamation of free-milling gold ores.

Jan 1, 1949

By AIME AIME

[The American Institute of -Mining Engineers does not assume responsibility for any statement of fact or opinion advanced in its papers or discussions.] A detailed list of the' papers contained in this section is given in the Table of Contents, pages i. and ii. Comments or criticisms upon all papers given in this section whether private corrections of typographical or other errors or communications for publication as "Discussions," or independent papers on the same or a related subject, are earnestly invited. ERRATA. The following corrections and. additions to papers contained in Bi-Monthly Bulletin No. 7, January, 1906,-were received too late for incorporation in the text of said papers ; but will be introduced in their: proper places: in the volume of the Transactions: These corrections are here published in order to bring them -promptly to the notice of the Institute. Page Line Cover, title-page and at the top of pages in the preliminary section "No. 1 " should be "No. 7 ". 1. Bottom For :" Dr. P. H. Shimer" read "Dr. P. W. Shinier " 69. Fig. 3. "N" of compass-record should be ?S". A new block for this illustration has been made as shown on p. xxxviii of this Bulletin. 78. 3 from bottom. For " slope " read " stope." 89. Fig. 2, small diagram in upper left-hand corner. Omit use 50 ft. to 1" scale ". For "Thro' 250 " read " Thro' 200 ". Add dotted line extend¬ing from upper right-hand corner of the square

Mar 1, 1906

By G. Rinelli, A. M. Marabini, V. Alesse

Salicylaldehyde, a chelating agent for tin, has been found to function as a collector for the flotation of cassiterite. Infrared and nuclear magnetic resonance studies clearly show that salicylaldehyde can form a chelate compound in bulk and at the surface. Results are also given for the flotation of a tin ore with this reagent.

Jan 1, 1976

By Moshe Sheinkin, Burke O. Trafton

This paper describes the use of a computer in analyzing the expected return on a mining venture. The computer program is designed to incorporate all aspects of a mining project, including the mine, mill, smelter, and refinery. Data input may consist of the operating variables in each phase such as the mining rate, grades, reserves at the mine, and the technical operating characteristics of the mine, mill, smelter, and refinery. Detailed tax computations are shown for a domestic operating company, for a foreign company and for a foreign subsidiary. In addition, the use of the various options that are available such as expense write-offs or deferments to create tax credits during preproduction years are considered, and its effect on the DCF. The program is also constructed to accommodate changes in metal prices, and escalation of capital requirements and operating costs. Output consists of profit and loss statements for entire projects using different methods of depreciation, cash flows, discounted cash flows, net present value and returns on investment. Returns on investment are computed for equity investment, total investment, and total investment less tax credits. Allowances are made for bank and guaranteed loans. Additional financial statements can be made for the following: a) A mine-mill segment with a concentrate selling schedule b) A mine-mill-smelter complex with a smelter product selling schedule c) Profitability of the smelter separately d) Profitability of the refinery separately

Jan 1, 1969

By H. M. Chance

THE present value of most coal properties resides largely in the coal remaining to be mined, which thus constitutes the most important asset. The object of this paper is to discuss methods commonly used in computing the value of mineable coal. To distinguish clearly between such coal values and the values of other property, the several kinds of property values may be divided into classes; this is necessary to avoid unintentional omissions of items of importance. VALUE OF COAL RESERVES Judicial decisions prescribe, and appraisers commonly accept, current sales value as the preferred means for determining the value of transferable property. With few exceptions a property is worth the sum that can be realized from its sale by a willing seller to a willing buyer, a sale in which compulsion urges neither party, and between whom there is no community of interest to fix a value; or it is worth at least as much as a responsible buyer will offer for it. Actual sales of like property or bids from responsible buyers for the property, or for substantially like property, are the best established methods for determining values. Only in the absence of such sales or bids can valuations by other methods be entertained, and only for reasons of weight can sales values be set aside. Sales of coal in the ground, as customarily carried out through lease, under royalty agreements, are therefore the most trustworthy means available for determining the value of coal reserves.

Jan 6, 1926

By V. R. Garflas, J. W. Ristori, R. V. Whetshel

Preliminary estimates indicate that world consumption of petroleum products and related fuels in 1937 shattered previous records with a figure of 1,920,000,000 bbl.; that is, 124,000,000 bbl. more than the 1936 total. The writers, as in previous years, have been unable to account for all the available supply in 1937. This "unaccounted-for" supply, which formerly was thought to go largely into storage in foreign countries, was close to 53,000,000 bbl. in 1933; 93,000,000 in 1934; 111,000,000 in 1935; 75,000,000 in 1936 and 148,000,000 in 1937. As this discrepancy between supply and demand continued year after year, it became evident that other reasons than additional foreign stocks were responsible for it. It can now be stated that the "unaccounted-for" supply (see Table 1) goes to take care of: (1) consumption of petroleum products and related fuels for military purposes, the figures of which have been and are kept confidential by foreign countries, (2) additions to stocks to be consumed for military and nonmilitary purposes in foreign countries on which likewise no information is available, (3) errors incurred in the conversion of figures of production of crude oil, its products and related fuels from "weight" units, as used in Russia, for instance, to their American or "volume" equivalents and vice versa, and (4) to the lack of reliable statistics on production and consumption, particularly from Russia, the

Jan 1, 1938

Background The annual awards, which have been given by the US National Committee for Rock Mechanics since its inception in 1969, recognize out- standing research in rock mechanics. Such recognition has always been accompanied by a plaque or certificate for the winners and a presentation at the symposium awards banquet. Starting this year, the US National Committee will give the winners even more recognition and allow the rock mechanics community to benefit from the papers by publishing abstracts of the work in the proceedings of the 25th US Symposium on Rock Mechanics and in various society journals and news letters. "We hope this will stimulate the production of more research papers," said William R. Judd, former chairman on the subpanel of awards. "It's beneficial for researchers to have their work published as an award paper." There are four categories of awards: Basic Research, Applied Research, Case History, and Student Masters' Thesis. Approximately ten papers are nominated annually for each category; however, in some years awards are not made in all four categories. For instance, there were not enough case history nominations in 1983 for an award, but there were two equally outstanding recipients of the award for applied research. The winners of the 1983 research awards reflect the wide variety of professions involved with rock mechanics. They are introduced on the following pages by category, and accompanied by an abstract of the paper

Jan 1, 1984

By J. P. Manning

UNQUESTIONABLY, the outstanding feature of the piping for the sulphide plant is the large amount which had to be done in almost every size from instrument tubing to 84 in. OD pipe. In this article the piping will be considered under the main headings of Yard Piping and Building Piping. Tables I and II give data concerning the individual systems. In the case of yard piping the figures pertaining to lengths and weights are approximately correct; those for building piping are given only for the concentrator and smelter buildings where the amounts were the most extensive. Yard Piping The installation specifications for yard piping called for all sizes larger than 12 in. to have welded joints made with outside welding rings. This type of joint was selected over butt-welded joints because less time would be needed for lining up, damaged pipe ends would be less of a problem, and deflections up to 6° per joint could be made when necessary. These advantages were thought to outweigh the disadvantage of the greater amount of welding required. Yard piping in sizes of 3 to 12 in. was specified to have butt-welded joints made with inside welding rings which were intended to facilitate lining up and keep welding material out of the lines. Screwed connections were specified for sizes under 3 in. No protective coatings or wrappings were required on pipe to be buried because of the dry climate at Chuquicamata.

Jan 1, 1952

By H. Biloni

PORE formation during solidification has recently been studied theoretically by Piwonka and Flemings.1 For the ordinary conditions of cellular solidification, these authors state that there is a difficulty in explaining the formation of pores. The difficulty arises because the conditions necessary for pore formation are not those obtained during cellular growth. Therefore Piwonka and Flemings1 had to examine various unusual possibilities in order to explain the apparent presence of pores in a cellular substructure of aluminum, taken from Doherty.2 For aluminum, Doherty and Davis3 have developed a pitting technique to reveal substructure, which depends upon the condensation of vacancies from supersaturated solution after quenching. This technique as further developed4 was used to study solidification substructures. In the case of striations, delineation of the substructure is produced by the absence of surface pitting after quenching: in the vicinity of the striations the dislocations which constitute this substructure are sinks for vacancies. In the case of the cellular substructure the experimentally observed effect is the same. However, in this latter case Doherty and Davis4 suggested that micropores associated with the cellular substructure were the agent responsible for providing sinks for vacancies. This interpretation seemed necessary for the cellular substructure because no misorientation arising from a dislocation array could be observed. It is noted especially that Fig. 1 presented by Piwonka and Flemings1 and Fig. 5 by Doherty and Davis,4 as

Jan 1, 1968

By Richard H. Zinszer

APPLICATION of electric logs has been used in correlation of subsurface structure to determine the size and shape of the oil reservoir. [ ] Such a knowledge is hardly complete until saturation and productivity are determined for the various horizons. It is difficult to use electric logs successfully for this purpose because of the many factors that influence the curves. In this work an effort was made to establish an empirical correlation between formation resistivity for a series of electric-log curves and water saturation and oil productivity of sand. Electric logs were obtained by recording with 10 different electrode spacings through the same interval of a well. In the analysis of these curves all factors except two, a dependent and independent variable, were held constant. The interval studied had been cored and a large number of samples were analyzed in the core laboratory in order to compare the values of permeability and saturation with the measured values of formation resistivity. Results of this analysis indicate: (I) the depth to which mud filtrate enters a sand body, (2) a correlation between permeability and sand resistivity for shallow penetration depths, and (3) that the water saturation for an oil sand can be determined from the measured sand resistivity after making suitable correc- [ ] tions for sand thickness. The proceduer in the last method depends on a correction for thickness factor and a theoretical curve. The accuracy of the theoretical curve is now being tested in the laboratory.

Jan 1, 1944

By Otto Rellensmann, Eugene P. Pfleider

For many years mine surveyors and exploration engineers have sought an accurate means of transferring meridian underground by using the gyro-compass. These efforts have generally failed, either because they were inaccurate or because the size and cost of the unit were prohibitive. During the past ten years, however, great strides have been made. Autonetics in California has developed a comparatively light-weight (100-lb) gyro-theodolite, and the Institute for Mine Surveying at Clausthal Mining Academy in Germany has developed an instrument that is accurate to within 20" to 30" of arc. Concurrently, Minneapolis-Honeywell has produced an astounding gyro, the size of a salt shaker, that weighs less than 0.5 lb and compares favorably in performance with the 50-lb gyros of conventional design. This unit, designed for missile guidance, should be adaptable for surveying small boreholes. Given the proper interest and approach from the engineering fraternity, excellent gyro- compasses could probably be available for accurate underground survey work at nominal cost within the next three years. Principles of the Gyro-Compass: The gyro- compass, used for 50 years as a navigational instrument in ships and aircraft, senses the turning axis of the earth and points out true polar north. It does this by employing the earth's rotation, the force of gravity, and the precession characteristics of a gyro. For further details the reader is referred to several excellent publications1-3 covering the principles and application of the gyroscope.

Jan 5, 1959

By George Steintveit

Det Norske Zinkicompani A/S was established in 1924, on the initiative of the Compagnie Royale Asturienne des Mines. Experimental electrothermic zinc production was carried out on industrial scale for a two-year period, but the problems of electrothermic smelting were not solved. A license for the electrolytic zinc production process was then obtained from the Anaconda Copper Mining Co. A plant for electrolytic zinc production was built, near the small fjord town of Odda in Hardanger, West Norway, The production was based on zinc ore from Spain, and cheap local hydro-electric power. The plant came into operation in 1929. Annual capacity, 36,000 tons. In 1964 a long-term agreement was concluded with Boliden AB by which Det Norske Zinkkompani is secured the raw materials basis for an expansion of the annual capacity to 100,000 tons of zinc, Since World War II, the company has been pursuing extensive research and development programs. As a result, various sections have been rebuilt: nev unloading and storage facilities, a 250 ton per day Fluid Bed Roaster with contact plant, new continuous leaching system, integrating the Jarosite Residue Process, new solution purification section - upgrading the solution quality for a 600 Amp/m2 current density Tank Room operation -, installation of induction furnaces for cathode melting with casting machines and automatic stacking of slabs. Simultaneously, instrumentation, and methods of automatic control have been developed and introduced, providing conditions for optimal plant operations.

Jan 1, 1970

By H. G. Doll

A new logging method, called induction logging, is described; it measures the conductivity, or resistivity, of the strata traversed by a bore hole. The apparatus, which is briefly described, comprises a coil system coupled with the ground by induction, so that there is no need for direct contact with the mud, or with the formations. For that reason, the method is particularly useful in oil base mud, and it was first applied to that case. A discussion concerning the respective contribution of each region of ground in the vicinity of the coil system is given. Through the concept of a geometrical factor, it is demonstrated that the total signal, which measures the apparent conductivity, is the summation of the partial products — geometrical factor by conductivity — for the different regions of the ground under consideration. It is thus possible to establish, for each type of coil arangement, investigation characteristic as well as departure curves and correction charts for beds of various thicknesses. This should greatly facilitate the quantative interpretation of the field logs, even in cases where such interpretation would have been difficult on electric logs taken with electrodes. It is also shown that focussing combinations of coils can be used, which give, directly on the recorded log, a value close to the true conductivity, even for fairly thin beds, thus eliminating in most cases the need for corrections. These focussing systems also give a sharper definition of the boundaries between successive strain.

Jan 1, 1949

By H. G. Doll

A new logging method, called induction logging, is described; it measures the conductivity, or resistivity, of the strata traversed by a bore hole. The apparatus, which is briefly described, comprises a coil system coupled with the ground by induction, so that there is no need for direct contact with the mud, or with the formations. For that reason, the method is particularly useful in oil base mud, and it was first applied to that case. A discussion concerning the respective contribution of each region of ground in the vicinity of the coil system is given. Through the concept of a geometrical factor, it is demonstrated that the total signal, which measures the apparent conductivity, is the summation of the partial products — geometrical factor by conductivity — for the different regions of the ground under consideration. It is thus possible to establish, for each type of coil arangement, investigation characteristic as well as departure curves and correction charts for beds of various thicknesses. This should greatly facilitate the quantative interpretation of the field logs, even in cases where such interpretation would have been difficult on electric logs taken with electrodes. It is also shown that focussing combinations of coils can be used, which give, directly on the recorded log, a value close to the true conductivity, even for fairly thin beds, thus eliminating in most cases the need for corrections. These focussing systems also give a sharper definition of the boundaries between successive strain.

Jan 1, 1949

By George Bain

SOME problems concomitant with commercial exploitation of marble are presented as examples of interesting, useful and profitable fields for application of scientific knowledge. The marble industry is only one such field and is selected because its varying new aspects are familiar to the author. However, what is true for marble is equally so in principle for many industrial minerals. The problems of any stone industry are to maintain markets, create new outlets for stone already in demand, and develop varied uses for varieties that are not so popular. Here the geologist has a different role from most of his colleagues in metal mining. The producing branch may ask about the expectable variation in thickness or size of a deposit as development proceeds. The stock department may call for the available amount of a given type of stone before accepting a large order. The sales force requires data on the use for stone from certain parts of deposits in order to divert grades to the most suitable use. The service depart-ment wants defects rectified and the cause determined to avoid recurrence. The mills want data on durability and cutting quality of abrasives. The geologist occupies no special department; he is on general call, as may be illustrated by a few types of problems that may be classified as: (1) dominantly geological in character, (2) dominantly chemical in character, (3) dominantly physical in character.

Jan 1, 1940

By George Bain

SOME problems concomitant with commercial exploitation of marble are presented as examples of interesting, useful and profitable fields for application of scientific knowledge. The marble industry is only one such field and is selected because its varying new aspects are familiar to the author. However, what is true for marble is equally so in principle for many industrial minerals. The problems of any stone industry are to maintain markets, create new outlets for stone already in demand, and develop varied uses for varieties that are not so popular. Here the geologist has a different role from most of his colleagues in metal mining. The producing branch may ask about the expectable variation in thickness or size of a deposit as development proceeds. The stock department may call for the available amount of a given type of stone before accepting a large order. The sales force requires data on the use for stone from certain parts of deposits in order to divert grades to the most suitable use. The service depart-ment wants defects rectified and the cause determined to avoid recurrence. The mills want data on durability and cutting quality of abrasives. The geologist occupies no special department; he is on general call, as may be illustrated by a few types of problems that may be classified as: (1) dominantly geological in character, (2) dominantly chemical in character, (3) dominantly physical in character.

Jan 1, 1940

By G. Thodos, D. E. Matschke

Cansiderable time and effort frequently are expended to establish, with a degree of confidence, the PVT behavior of pure substances. In particular, a great deal of experimental information contributed by a number of investigators is available in the literature. The data of each investigator, although significant in themselves, cannot be used with a high degree of confidence until they are compared with the continuum of information presented by others. Current interest in thermodynamic and transport properties, for not only the gaseous state but the con-densed state as well, requires that PVT infarmation be presented for both regions. The density dependence on temperature and pressure, when presented as a continuum, is of considerable value in itself, especially since the available equations of state fail to properly account for the PVT behavior in the condensed state. For this reason and to incorporate PVT data recently presented in the literature, this investigation was carried out. In their studies concerned with the thermodynamic properties of methane, Matthews and Hurd in 1946 utilized the data of Kvalnes and Gaddy and Olds, Reamer, Sage and Lacey to establish the PVT behavim of methane in the superheated region and the saturated liquid densities of Keyes, Taylor and Smithl in conjunction with the Clapeyron equation to develop the densities for the saturated envelope. Current activity sponsored by API Project No. 44 under the direction of F. D. Rossini has led to a tabular presentation of compressibility factors for gaseous methane in the superheated region.la These values were obtained by using smoothed residuals, developed from experimental data and the Ben edict-Webb-Rubin equation,' to establish internally consistent compressibility factors for the real gas. This approach offers probably the most precise presentation of PVT information for gaseous methane to date. The PVT behavior of methane also can be represented accurately by equations of state such as the Benedict-Webb-Rubin equation or the Martin-Hoa equation.' These equations, although valuable for analytically representing the PVT behavior, lack precision in the compressed-liquid region. The PVT data available in the literature for methane were utilized to obtain reduced densities that are presented in Figs. 1 and 2 as functions of reduced temperature with parameters of reduced pressure. The critical constants utilized for methane are those reported by Kobe and Lynn." These critical values, T, = 191.1°K, PC = 45.8 atm and p, = 0.162 gm/cc, produce a critical compressibility factor, z, = 0.289. The PVT information, as obtained from the literature, in many instances was not presented in an immediately

By D. B. Williams

The end of the war in Europe and the Pacific failed to curb the upward trend of production in Venezuela,- which easily surpassed that of any previous year. The total production for 1945 amounted- to 323,369, 430 bbl., which was 26 per cent over the total for 1944, the previous peak in the history of the oil industry of the country. This increase was caused mainly by the greater demand for petroleum in the last stages of the war; the fact that the danger from enemy submarines had been overcome, which allowed all oil companies to use increased shipping facilities, and the fact that more materials were available for drilling operations. However, the materials supplied were by no means adequate and considerable credit is reflected on the Venezuelan petroleum industry for the increased production obtained by utilizing all available equipment to its fullest extent.

Jan 1, 1946