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By R. U. Jackson

FACED with rising costs, the mining industry is looking to new methods and equipment to supply the relief necessary for profitable operation. Conveyor transportation is rapidly taking a superior position to motor tramming in underground mines because of lower installation, maintenance, and operating costs. Haulage is always a critical problem in underground mining. The ease of operation and flexibility of a haulage system can have an important effect on ultimate mining cost. With the average tenor of ores on the downgrade, larger tonnages are required for the same metal recovery. This selection of a tramming system can be the key to a successful, paying plant. Because this shift is being made at an ever advancing rate, it may become necessary to tailor mining operations to the transportation system, rather than to select a haulage system fitting set mining methods. In choosing a haulage system, the relative costs of the various methods are of the greatest importance. Adapting the mine to one or the other type of tramming is not considered in the cost analysis, and very likely would make little difference, outside of location of drifts and raises. In the cost sheet, the problem presents recommendations for a conveyor installation and a comparison of equipment, installation, operation, maintenance, and power costs are made. Under the track haulage estimate, no allowance was made for dumping equipment at the shaft pocket or bin. If this equipment was added to the balance sheet, the additional

Jan 1, 1952

By B. Ladanyi

The problem of rock behavior under concentrated loadings has been the subject of a number of studies in the past and has been receiving increasing attention by rock mechanics investigators in recent years. Its application covers various fields, but main interest in its solution has arisen in connection with the problems of drilling, bearing capacity, and rock testing. These widely different purposes and fields of interest probably have been one of the reasons why, in spite of the large amount of published experimental data and several theoretical studies, there are still many points which need further clarification. Another reason for this situation undoubtedly is due to the fact that the rock behavior in indentation is complicated by a great number of influencing factors. Experimental evidence shows that, depending on the rock type (mechanical properties, porosity), environment (ambient effective pressure, pore fluid, temperature), and the type of loading (indenter shape, initial embedment, load level, loading rate), the rock response to indentation may vary within very large limits. The widely different rock behavior has made it impossible up to now to treat the problem with a consistent single mathematical theory, but has required instead a series of simplified models covering only certain most important events in the failure sequence. As far as the theory of rock indentation is concerned, this chapter does not add much new information. Its main purpose is, however, to state the indentation problem in a general manner and to indicate which points need to be studied in more detail before its definite solution is attempted. Also, since excellent reviews of the state-of-art of rock indentation in drilling have recently been given,1-4 this will not be repeated here, and only references pertinent to the points of the problem under study will be quoted. The theoretical part of this study attempts to give a quantitative evalu-

Jan 1, 1972

By G. W. Tracy, R. D. Carter

A method based on an approach by Hurst' is developed for calculating water influx behavior. Using this method, superposition calculations may be eliminated. The principal diflerence between this method and that of Hurst is that, over finite intervals of time, constant oil-productton rates are assumed by Hurst whereas constant water influx rates are assumed in the presently described method. By adopting the assumption of constant water influx rate for finite time periods, a method is developed for calculating water influx behavior which lends itself to convenient combination with the material balance equation in the Schilthuis form. Above the bubble point, an equation is given for the explicit step-wise calculation of pressure history for a prescribed oil-production history. Use of this method of calculating water influx behavior should result in a considerable saving of time as compared to superposition calculations when the calculations must be made without using a digital computer. The connection is shown between the method described herein and the method developed by van Ever-dingen and Hursr2 (which requires superposition cal-culations). Also, results obtained using the two methods are compared.

By A. M. Gaudin

It is only in recent years that substantial progress has been made in developing a physico-chemical picture of the solid state. The molecular concept, so useful in dealing with gases, was naturally carried over to the field of crystalline solids; it has resulted in the firm implanting of erroneous concepts that only now are being eradicated successfully. Two simply written and effective books on the subject are Crystal Chemistry by Stillwell' and An Introduction to Crystal Chemistry by Evans. A more complete treatment of the subject is available in a book by Wells. The monograph by Hucke14 also touches on a subject most easily perceived by reference to the brief introduction by Bragg; that master of the field. These texts make it clear that while some solids are built of molecules, many are built of ions, others of atoms connected in the form of giant molecules, and still others of cations and electrons. The various lattices in which these entities are systematically arranged, the joint use of several of these entities, and the transitional character of some of the bonds make for the great variety of crystalline solids. The purpose of this paper is to point out a most important corollary of present views on the structure of solids. In this connection the classification of solids in Table I is helpful.

Jun 1, 1955

By R. L. Perrine

This paper shows how stability theory can be used to optimize solvent recovery of oil. Application of the theory leads to definition of the limiting conditions required for stable displacement to occur. One of these conditions is that the size of a solvent "slug" must at least equal a prescribed minimum. The criteria to be satisfied are miscibil-ity and stability. Stability implies that no viscous fingering will occur and that mixing will be caused only by a dispersion process. Miscibility implies that complete recovery will be obtained from the swept regions. Thus, for any specified set of reservoir conditions, an optimum use of solvent is defined. INTRODUCTION The early outlook for solvent flooding as a means to increase oil recovery was very favorable. Some laboratory results indicated that a "slug" containing perhaps 2 to 3 per cent of a hydrocarbon pore volume could be successful. However, other data suggested as much as 30 per cent would be required. The difference is of considerable economic importance. A theoretical explanation for these divergent results has been advanced by the author.1,2 Stability theory defines conditions for two distinct flow regimes. In stable displacement, solvent and oil become mixed by a dispersion process, and the solvent requirement is small. On the other hand, unstable displacement can degenerate into viscous fingering. The practical result is a considerable increase in the extent of mixing and, thus, in the solvent required. The present paper shows how to use stability theory to optimize solvent recovery of oil. Oil is usually considered to be displaced by a small amount, or a slug, of solvent. Gas in turn follows solvent. Any fingering will permit contact of nearly solvent-free gas and oil, leading to immiscibility and reduced recovery. Thus, our optimum is defined by two restrictions — stable flow and miscibility. Although an immiscible solvent process could prove more profitable than any miscible process, such processes lie outside the selected definition of an optimum. The usefulness of computations based on the present work will depend on the validity of the general theory. Because the important idealizations required tend to minimize the predicted solvent requirement, the results should state correctly the limiting conditions required. Therefore, theoretical calculations should have practical value. This paper first reviews several principles that result from stability theory. The following section describes use of these ideas in relatively simple systems which symmetry makes appear one-dimensional. Of particular importance is the step-by-step design of 3 stable minimum-solvent slug. The use of stability theory in cases of multi-dimensional displacement is discussed and, finally, suggestions are given for simplified practical application of the theoretical results. PRINCIPLES OF STABILITY THEORY The use of perturbation methods to derive stability conditions has been shown by the author.l The discussion is presented in terms of the fractional concentration of solvent in the single hydrocarbon phase. Quite generally, any disturbance can be represented as a Fourier series, of which only the least stable term need be considered. Denoting this term at time t = 0 by cn,

By W. B. Gogarty, W. C. Tosch

A new recovery process for producing oil under both secondary and tertiary conditions utilizes the unique properties of micellar solutions (also known as microemulsions, swollen micelles, and soluble oils). These solutions, which displace 100 percent of the oil in the reservoir contacted, can be driven through the reservoir with water and are stable in the presence of reservoir water and rock. Basic components of micellar solutions are surfactant, hydrocarbon and water. They may also contain small amounts of electrolytes and co surfactants such as a1cohol.r. The specific reservoir application dictates the type and concentration of each component. A salient feature of [he process is the capability for mobility control. Micellar solution slug mobility, by way of viscosity control, is made equal to or less than the combined oil and water mobility. Mobility control continues with a mobility buffer that prevents drive water from contacting the micellar solution. Laboratory and field flooding have proven that the process is technically feasible and that surfactant losses by adsorption on porous media are small. Introduction projects are under way to recover the maximum amount of oil under the most favorable economic conditions.' : New techniques are being developed to increase oil recovery,3" Polymer solutions are becoming an important means of controlling mobility in a waterflood. Thermal methods such as in-situ combustion and steam injection are being used in reservoirs containing highly viscous crudes. Surfactant flooding is receiving attention as a method of reducing interfacial tension to increase recovery.*'" Exotic recovery processes have been considered primarily for ' perations. Economics are unfavorable in most cases for tertiary recovery. studies at the Denver Research Center of the Marathon oil CO. have led to a new oil recovery method.* Micellar solutions (sometimes called microemulsions, swollen micelles, and soluble oils) are used to recover oil by miscible-type waterflooding. Basically, these solutions contain surfactant, hydrocarbon, and water. The method can be used in either secondary or tertiary operations. First, thc concept of thc process is considered in terms of the requirements for an effective miscible waterflood ing operation. Next, micellar solution properties are described including structure, composition, and phase behavior with reservoir fluids. Fluid characteristics are then considered as related to mobility control, and, finally, laboratory and field results are presented to illustrate the efficiency of the process. Concept of the Process Unit displacement efficiency and conformance determine the effectiveness of any oil recovery mechanism. In theory, a miscible waterflood should be capable of a 100-percent unit displacement efficiency with a correspondingly high conformance. Requirements for the slug of a miscible waterflood include (1) 100-percent displacement of oil in the reservoir contacted, (2) controllable mobility, (3) the capability of being driven through the reservoir with water, (4) a low unit cost to enhance economics, and (5) the ability to remain stable in the presence of reservoir water and rock. Micellar solutions satisfy requirements for the slug of a miscible waterflood process. Our discovery that these solutions acted as though they were miscible by displacing all fluids in the reservoir and by being displaced by water solved the miscibility problem. Adequate mobility control is possible by variations in solution viscosity through compositional changes. Economic requirements are met since micellar solution costs below $6/bbl appear possible, Mi cellar solutions stabilize surfactant in the presence of reservoir rock and water, thus reducing the importance of the problem of surfactant loss by adsorption. Fig. 1 illustrates schematically how these solutions are used. Operations start with injection of a micellar solution slug that serves as the oil displacing agent. Next, a mobility buffer of either a water-external emulsion or water solution containing polymer (thickened water) is injected to protect the slug from water invasion. Finally, drive water (water used in a regular waterflood) is injected to propel the slug and mobility buffer through the reservoir. Reservoir oil and water are displaced ahead of the slug, and a stabilized oil and water bank develops as shown in Fig. 1. Stabilized bank saturations are independent of original oil and water saturations. This means that, for a particular type of reservoir, the displacement mechanism is the same under secondary and tertiary recovery conditions. Oil is produced first in a secondary operation. For tertiary conditions, water is produced first. Movement of the slug through the reservoir is stabilized by the mobility buffer. An unfavorable mobility ratio usually exists at the interface between the buffer and drive

Jan 1, 1969

By R. Lagneborg

WhEN mechanical twins initiate cracking it has been proposed1 that the friction stress for dislocation motion, in the Cottrell criterion for brittle fracture2 should be replaced by the stress required to propagate a twin, ttp. TF is the fracture stress, d the grain diameter, ß a geometric constant, u shear modulus, and y the effective surface energy. Since TTp is likely to vary with grain size, it cannot be substituted by a constant in Eq. [I]. If an expression for the energy change caused by a twin in a stressed material could be obtained, it is in principle possible to compute the critical size of the twin, i.e., the size at which the system can decrease its energy spontaneously, as a function of applied stress, thus giving the stress required to just barely propagate the twin, i.e., TTP. Consider a circular twin disc with a radius r and having a lenticular cross section, Fig. 1. Twin dislocations3 of strength b exist in the twin boundary parallel to the twin plane, one loop on each atomic plane. Assume that the total numbers of loops, n, can be replaced by one circular loop of a multiple dislocation, nb with a radius r. The energy change of the system, AW, due to such a twin in an applied stress field can then be calculated: The first term is the total twin surface energy, the second the elastic energy due to the twin dislocations, and the third the energy released by the twin in the applied stress field. yt is the twin boundary energy, r, the radius of the dislocation core, and T the applied

Jan 1, 1968

By Nicholas T. Camicia

A career in the coal mining industry today offers students one of the most interesting and challenging opportunities available in the industrialized world. As reserves of other fossil fuels dwindle in face of the world's demand for energy, it has become apparent that coal, once the king of energy sources, must be relied upon again as the major fuel for powering industrial growth in developed and developing nations. Centuries of coal supplies lie beneath the earth's surface, assuring the world of a steady, plentiful supply of energy until science and technology can produce a way to harness and efficiently use renewable sources, such as solar. The need to increase our use of coal during the last two decades of the 20th century is reason enough to believe that the future growth of the coal industry is assured. A major impediment to that growth might be backward national public policies that could restrict the full utilization of our coal reserves. These policies could result from overregulation and a failure of the public to recognize that coal use, with proper techno- logical safeguards, is compatible with our society's environmental-quality objectives. Communication of this problem and its solution is a major undertaking of the coal industry in the 1980s. At the end of the 1970s, the American coal industry was producing approximately 635 Mt/a (700 million stpy) of coal. To meet the nation's projected energy needs by 1985, the annual tonnage must be doubled. A similar scenario is predicted for the rest of the world. Such growth in the modern international business world will require huge additional amounts of capital, equipment, and people who know how to wisely raise and apply the capital; use the equipment productively; and deal with the many community, public, and governmental problems such expansion will create. Whether a student's interest is in actual mining operations, business administration, engineering, finance, law, industrial relations, marketing

Jan 1, 1981

By Nicholas T. Camicia

A career in the coal mining industry today offers students one of the most interesting and challenging opportunities available in the industrialized world. As reserves of other fossil fuels dwindle in face of the world's demand for energy, it has become apparent that coal, once the king of energy sources, must be relied upon again as the major fuel for powering industrial growth in developed and developing nations. Centuries of coal supplies lie beneath the earth's surface, assuring the world of a steady, plentiful supply of energy until science and technology can produce a way to harness and efficiently use renewable sources, such as solar. The need to increase our use of coal during the last two decades of the 20th century is reason enough to believe that the future growth of the coal industry is assured. A major impediment to that growth might be backward national public policies that could restrict the full utilization of our coal reserves. These policies could result from overregulation and a failure of the public to recognize that coal use, with proper techno- logical safeguards, is compatible with our society's environmental-quality objectives. Communication of this problem and its solution is a major undertaking of the coal industry in the 1980s. At the end of the 1970s7 the American coal industry was producing approximately 635 Mt/a (700 million stpy) of coal. To meet the nation's projected energy needs by 1985, the annual tonnage must be doubled. A similar scenario is predicted for the rest of the world. Such growth in the modern international business world will require huge additional amounts of capital, equipment, and people who know how to wisely raise and apply the capital; use the equipment productively; and deal with the many community, public, and governmental problems such expansion will create. Whether a student's interest is in actual mining operations, business administration, engineering, finance, law, industrial relations, marketing

Jan 1, 1981

By Earl Oliver

THE term oil property, in this discussion, includes any type of easement or grant under which petroleum might be produced; it ranges from the mere right to drill on undeveloped wildcat acreage up to a fully developed oil property. The values of an oil property, as thus defined, vary widely according to the use for which it is intended, whether it is from the viewpoint of the speculator, the fraudulent stock promoter, the refiner and pipe-line owner, or the oil producer. The market value of a property is usually a combination of some two or more of these influences, and occasionally a combination of all of them, but we prefer to treat each viewpoint as distinct from the others, allowing the reader to make his own combination in such proportions as his inclination and property seem to require. This paper will treat the subject from the viewpoint of the oil producer. However, the other influences have such bearing on the cost of property to the producer and on the price he might obtain by its sale as to warrant brief discussion of them. Speculation, particularly lease speculation, is a parasitic growth on the oil industry, healthy enough, but of no economic value. The class of property usually dealt in for this purpose is the undeveloped lease. Its speculative value may have some relation to its probable productive value, but most frequently this value is the product of temporary excitement due to local development. The lease speculator, seeking out the trend of development or securing early information regarding a proposed test or a new discovery, immediately secures leases whose market value will be increased when the existence of such development becomes more widely known. His profits are purely unearned increment. Not proposing to spend money in exploration, he can afford to compete in purchase with the operator, who, in addition to bonus paid, must spend large sums in testing out his own acreage and that of the nearby speculator as well. It has a tendency to compel unduly high bonuses.

Jan 2, 1920

By W. W. Little

At the United Verde mine the 9-2D stope on the 4050 ft level is located within the north sulphide mass lying some 800 ft north of the main sulphide ore body. In 1948 it was estimated that this block contained 85,000 tons of ore at 4% copper and 9.2% zinc. The north ore body is a lenticular replacement deposit in the black schist, extending from about 100 ft above the 3750 level to a distance below the 4500 level yet to be determined. Although the mineralized zone approaches 1000 ft in length, only 300 ft is of economic importance. In width it varies from a maximum of 60 ft to about 3 ft at the north end, and is characterized by pinching and swelling in the ore zone. One of these larger swells is being mined as the 9-2D stope. Mining costs at greater depth, together with the expected grade of ore after dilution, necessitated a low cost mining method to permit profitable stoping operations. Based on the results obtained in a number of Canadian mines, it was decided to develop the ore body for stoping by the Aldermac or bench method of diamond drill blastholes; however, this plan was subsequently changed and the radial or ring method adopted. Such a method seemed to offer the advantage of large tonnages at low cost, and obviate the necessity of waste fill. This latter point was of particular importance, since the present waste system does not extend below the 3000 level.

Jan 4, 1950

By Edward D. Thimons, Richard J. Kline

Converting the energy of falling water into useful work is a well developed engineering concept. Much of the electric power consumed in the United States is generated in this manner. It is easy to conceive that the water which flows down long vertical pipelines into deep nines could be utilized in a similar manner by allowing it to operate a turbine at the bottom of the pipelines. The mines in the United States are continually descending to greater depths in search of mineable deposits. Large quantities of water are carried down long vertical pipelines in order to be used for dust suppression, motor cooling, and refrigeration. Pumping the used water back to the surface is also required. The electrical costs associated with mining are also constantly escalating due to both increased demand and rising kilowatt hour costs. To help deal with this problem, the United States Bureau of Mines (USBM) has awarded a contract to Foster-Miller, Inc. of Waltham, MA, to investigate, evaluate, and demonstrate commercially available means of energy recovery for the deep mining industry. In other words, it demonstrates an efficient system for converting the energy of water flowing down vertical pipelines into useful mechanical or electrical energy.

Jan 1, 1982

By C. M. Weld

The southeastern coast of China, from Ning-Po to .Macao, represents an element in the continental mass of Asia which has at practically all times in the remote past exhibited a tendency to rise rather than to subside.' This strip of land, 1,000 or more miles long by perhaps 150 miles wide at its widest part, has in fact stood above sea level since at least early Cambrian times, while the great basins to the north and west were receiving their massive accumulations of Sinian (Cambro-Ordovician), Carboniferous, and later deposits. We find, .therefore, a coastal fringe of metamorphic and igneous rocks bordering the huge expanses of sedimentary rocks which occupy the interior. Hong-Kong is situated toward the southwestern extremity of this fringe. Hong-Kong is an island of approximately 30 sq. miles, on the north shore of which is situated the city of Victoria, with its 325,000 inhabitants. This island was ceded to Great Britain in 1842. In 1560 the peninsula of Kowloon (about 5 sq. miles), being that part of the mainland lying directly across from the city of Victoria, was added to Hong Kong. Thirty-eight years later, in 1898, a stretch of territory, including the mainland behind Kowloon and. numerous adjacent islands, was leased to Great Britain for 99 years. This last addition is known as the "New Territory of Hong-Kong" and comprises 376 sq. miles in area. A map of Hong-Kong, Kowloon, and the "New Territory" is shown in Fig. 1. My studies of this total area of over 400 sq. miles were devoted primarily to an investigation of the mineral resources. Systematic mapping of the immensely complex exposures of rocks was not possible in the time at my disposal. However, observations in, this. direction warrant a few generalizations.

Jan 2, 1914

High-type research metallurgist with approximately following qualifications: American, 30 to 45 years old. Mind-Analytical. Education-college graduate. Practical shop experience-not less than 5 years. Metallurgical experience in steel making-at least 5 years. Chemical experience-should have some chemical training. Research ability -should be the type of man who is interested in new developments or research work. No. 337. Engineer with some underground, experience who is physically able to spend a large portion of his time underground, to act as general efficiency engineer. He will have cost keeping on special work, charge of contracts, labor distribution, etc. No. 338. The services of a man experienced in flotation and familiar with the Callow apparatus are required for a short engagement in South America. No. 339. A position as surveyor and draftsman for mines in Mexico is open. Opportunity for advancement. Climate pleasant and healthful. Knowledge of Spanish required. No. 340. The Bureau of Construction and Repair, Navy Department, Washington; D. C., is in need of a few draftsmen of experience for work in connection with the development of industrial yards and shops of the Navy, under the cognizance of the Shore Establishment Division of the Bureau of Construction and Repair. Training in one of the following courses would be considered a requisite qualification:

Jan 9, 1918

Beyond the industrial suburbs of Melbourne to the southeast are brown coal deposits just under the fertile soil of the Latrobe Valley. These deposits rank as one of the wonders of the world. The manner in which this resource is put to use is one of the great engineering accomplishments of our time and also a prime example of Australian elan. The brown coal, with over 60% water content, occurs in beds from 200 to 400 ft thick, under 50 ft of cover. Fifty thousand tons of coal per day move in a nearly continuous stream from mining face to boilers. The power plants supply two thirds of the State of Victoria's requirements, about 800 megawatts. Surge capacity between mine and power plant is sufficient for 12 hr steaming time! Victorian brown coals have been known since the middle of the 19th century. However, it took a strike of bituminous coal miners in 1915 to bring brown coal permanently into the picture as a fuel for power generation. In Australia, power generation is a State function. The great development of brown coals has been under the State Electricity Commission of Victoria.

Jan 10, 1964

By F. A. Forward, A. H. Ross, J. Halpern

IN treating carnotite ores by carbonate leaching it is often necessary to subject the ore to a prior roast. Among the advantages that may result from roasting are: 1) improvement in settling and filtering characteristics of the ore; 2) destruction of carbonaceous impurities that would otherwise contaminate the leach solution and consume carbonate reagent; and 3) substantial increase in extraction of vanadium, which is usually low when the un- roasted ore is leached. Recovery of vanadium may be an important factor in processing carnotite ores, and the fact that vanadium is usually recovered in good yield by acid leaching has often been an economic advantage over results obtained with carbonate leaching. It has been found that response of an ore to carbonate leaching, following roasting, depends primarily on its composition and on the conditions of the prior roast treatment, particularly with regard to the roasting temperature, the atmosphere maintained above the charge during roasting and cooling, and the presence of certain reagents. These factors, especially the last, virtually determine the extractions of uranium and vanadium attainable by carbonate leaching, as well as the reagent consumption on leaching, whereas adjustment of the leaching conditions has only a limited influence.

Jan 10, 1957

By Fred N. Kissell, Maurice Deul

When coal is broken during mining, some of the methane trapped in the coal is released. Some recent investigations by the U.S. Bureau of Mines have shown that this methane released by breakage is only a small proportion of the total methane emission into the working section.

Jan 1, 1975

By George Boulter

Draglines 8.2-1 Introduction. The nature and characteristics of rock and rock derivatives forming the crust of the earth vary so greatly from place to place that it is impossible to use the same numerical factors to show the, productive ability of excavating equipment on different jobs or projects. Factors for each project must be developed individually and applied as the conditions and requirements dictate. TYPES' OF DRAGLINES. Types of draglines are differentiated by the propelling method used and are generally divided into four classes, as follows: 1. Wagon mounted 3. Crawler mounted 2. Truck mounted 4. Walking Figure 8.2-1 shows a truck-mounted dragline. This type is considered to be the most mobile unit. In order to increase stability over the side, outriggers are installed as part of the truck chassis. This feature is not shown in .this figure. Figure 8.2-2 shows a crawler-mounted dragline. The long, wide crawlers are used to increase the stability and reduce the bearing pressure of this unit. These features allow for use of these units on surfaces too soft for the wagon- or truck-mounted types. Figure 8.2-3 shows a walking-type dragline. The large diameter tub and the well-supported boom through the gantry gives high stability for rugged works over a long life. BASIC PARTS OF A DRAGLINE. The basic parts of a dragline are illustrated in Fig. 8.2-4. A deck layout is shown in Fig. 8.2-5 with the main components named. OPERATION OF A DRAGLINE. Following is a description of the steps and controls present in a typical cycle of operation of a large dragline having independent hoist and drag motors. Starting the cycle with positioning the bucket on the ground under the point of the boom, the next step is

Jan 1, 1968

By Samuel Wyer

F. G. CLAPP, New York, N. Y. (communication to the Secretary*).¬I assume that where this valuable paper states, near its end, that "it is not possible to establish a market price, " the author means that no particular price which will fit all conditions and fields can be given. I am not in agreement with Mr. Wyer, however, that the actual value of natural gas leaseholds is "largely a matter of opinion." I would even be willing to express myself very strongly as believing that if we, as experts, cannot give anything closer than a mere opinion, our testimony or reports are not of great value to our clients. I believe, moreover, that by detailed geological examinations and with our latest knowledge of geological structure, principles of natural gas occurrence, etc., we can approach just as near a certainty in natural gas valuations as we can in oil valuations, and much more so than in the valuation of many metal prospects, in which only the upper few feet of the vein has been opened. In other words, we are getting nearer and nearer every year to bringing geology as applied to oil and gas development into the class of an exact science. Mr. Wyer's paper gives an excellent outline for methods of leasehold valuation. Being presumably intended as an outline only, it can be expanded indefinitely by a detailed discussion of the methods of valuation for the four different classes of leaseholds which he mentions: (A) "Producing;" (B) "Protective;" (C) "Reserve;" and (D) "Prospective." This classification is probably as good as can be made in practice. In the producing leaseholds in particular it is easy to establish a market price at which these leaseholds should be bought or sold. The question would arise in any case whether or not the leases are connected with a pipe line or the distance from the pipe line. Assuming that a pipe line already taps the property and that gas is already being sold for a certain figure, this price must be multiplied by the number of thousand cubic feet still "in sight" in the ground, from which is to be deducted (a) bonuses, (b) rentals, (c) royalties, (d) cost of drilling, (e) taxes and

Jan 12, 1916

By K. A. Natarajan, I. Iwasaki

With a platinum electrode the Eh-pH response in aqueous systems follows an empirical relation [Eh = E- 0.059 pH](1) where E usually carries a value between 0.8 and 0.9 v. The same potential (E) is observed with a number of other noble metal electrodes in the absence of surface poisoning and of other well-defined redox couples. Many sulfide mineral electrodes also respond in a similar manner in solutions containing their respective ions over wide pH ranges, especially in the alkaline pH region. Such a parallelism between noble metal and sulfide mineral electrodes points to certain implications of their surface conditions, and the flotation and leaching behaviors of sulfide minerals under aerated conditions may be inferred with respect to the foregoing Eh-pH response. Comparison of Sulfide Mineral and Noble Metal Electrodes [Fig. 1] shows the Eh-pH response of pyrite, galena, chalcocite, and pyrrhotite electrodes, reported by Sato, and some experimental points obtained with a platinum electrode in distilled water. [Eq. 1] is seen to be followed by all these electrodes. It is interesting to note that the response of the pyrite electrode as shown is identical to

Jan 1, 1973