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By LE B. GRAY

ALL meeting of the Chemical Section, National Safety Council, in Rochester, N. Y., put his hand on at least ten salient points that apply to safety in nearly any laboratory ; these are as follows : 1. Impress your laboratory worker at the start that he is dealing with powerful and dangerous-forces and that every experimental set-up must be studied from the stand- point of its fiber, electrical, explosive, and health hazards.

Jan 1, 1929

By WILLIAM E. NEWNAM

THE molding and loading of pig lead has, in the past, been accomplished mainly by the strong arm method and, as the pigs are usually loaded directly into the cars, it has been a hot and laborious task. Of late years it has been difficult to obtain men willing to perform such labor and the need has been felt for loading and molding machinery which would eliminate all manual handling of the hot pigs and which would be sufficiently compact to permit of installation in existing plants with little or no

Jan 1, 1924

By W. J. Reagan

In a study of the life of ingot molds, it is essential to eliminate all of the variables. In the commercial manufacture of steel this is almost an impossibility. In this study many of the variables have been eliminated, and because of the unusually consistent furnace practice, with small variations in the type of steel manufactured, and a similar type of mold design for all ingot sizes, it is possible to determine with some degree of accuracy the cause of variations in ingot-mold life. All of the ingot molds in this study were used in the production of basic open-hearth killed steel with chemical analyses within the following range: C, 0.50-0.85 per cent; Mn, 0.60-0.80; Si, 0.20-0.30; S, 0.04 max.; P, 0.04 max. All ingot molds were of the closed-bottom type and used for bottom casting only. None of the molds in the study failed from cutting of the sides due to top casting; in fact, on only rare occasions are any molds used for top casting. The general type of this mold is shown in Fig. 1. All sizes have rather a heavy band of metal, about 6 in. wide, at the top to give mechanical strength at this point, and all have cast lugs. Cross sections of the various sizes from top and bottom sections are shown in Fig. 2. Ratios of wall thickness to ingot weight, ratio of ingot diameter to ingot length, and other figures of interest are shown in Table 1. In the majority of cases, the cause of failure in this type of mold is due to heavy fire cracking on the "flats" at a point from 3 to 6 in. from the bottom radius of the mold. Fig. 3 pictures this type of failure. The start of failure at these points usually begins with a very small section of the interior surface becoming involved. As a rule, a section of 1 or 2 sq. in. is the first noticeable indication that mold failure is taking place. Gradually the small section increases until a sizable cavity develops, causing a protuberance on the bottom of the ingot, which eventually becomes too large to be stripped. The mold is then removed from service. At the time of failure, this cavity often reaches a size of about 5 sq. in. and about 1/2in. deep. Sometimes cavities are found on only two or three sides and at other times all twelve sides appear to be invoIved.

Jan 1, 1937

By Henry D. Hibbard

THIS article aims to clarify the use of some terms often occurring in writings on iron and -steel, and also to suggest several new short abbreviated names for some of the things related to the subject which now are indicated by phrases. Crude or Crude Iron The name crude or crude iron is recommended for the iron produced from ore by the blast furnace. When necessary it can be specified as pig iron when in the form of pigs (usually cold), or as molten iron, commonly called hot metal to distinguish it from cold iron in pigs. The product of a direct process of making wrought or malleable iron from ore is not included.

Jan 1, 1924

By W. J. Reagan

IN a study of the life of ingot molds, it is essential to eliminate all of the variables. In the commercial manufacture of steel this is almost an impossibility. In this study many of the variables have been eliminated, and because of the unusually consistent furnace practice, with small variations in the type of steel manufactured, and a similar type of mold design for all ingot sizes, it is possible to determine with some degree of accuracy the cause of variations in ingot-mold life. All of the ingot molds in this study were used in the production of basic open-hearth killed steel with chemical analyses within the following range: C, 0.50-0.85 per cent; Mn, 0.60-0.80; Si, 0.20-0.30; S, 0.04 max.; P, 0.04 max. All ingot molds were of the closed-bottom type and used for bottom casting only. None of the molds in the study failed from cutting of the sides due to top casting; in fact, on only rare occasions are any molds used for top casting. The general type of this mold is shown in Fig. 1. All sizes have rather a heavy band of metal, about 6 in. wide, at the top to give mechanical strength at this point, and all have cast lugs. Cross sections of the vari-ous sizes from top and bottom sections are shown in Fig. 2. Ratios of wall thickness to ingot weight, ratio of ingot diameter to ingot length, and other figures of interest are shown in Table 1. In. the majority of cases, the cause of failure in this type of mold is due to heavy fire cracking on the "flats" at a point from 3 to 6 in. from the bottom radius of the mold. Fig. 3 pictures this type of failure. The start of failure at these points usually begins with a very small section of the interior surface becoming involved. As a rule, a section of 1 or 2 sq. in. is the first noticeable 'indication that mold failure is taking place. Gradually the small section increases until a sizable cavity develops, causing a protuberance on the bottom of the ingot, which eventually becomes too large to be stripped. The mold is then removed from service. At the time of failure, this cavity often reaches a size of about 5 sq. in. and about 1/2 in. deep. Sometimes cavities are found on only two or three sides and at other times all twelve sides appear to be involved.

Jan 1, 1936

By E. J. KENNEDY

FEBRUARY 15-18 will be the outstanding dates of the month for members of the A. I. M. E., for then the 141st Meeting of the Institute is to be held in the Engineering Societies Building, at New York. What with 41 technical sessions, the Annual Business Meeting at 4 o'clock Tuesday afternoon,, two sessions of the Section and Division delegates, minor committee meetings, and the many luncheons and dinners, the Dinner-Smoker, Informal Dance, President's Reception and the Dinner-Dance, the opportunity will be limited to do- more-than cast sheep's eyes at New York's other multitudinous attrac¬tions until the meeting is over. The technical program is diverse but well organized. The sessions are almost equally divided among the four days, with ten on Monday, Tuesday, and Wednesday, and 11 on Thursday. The meeting opens Monday morning with registration. Be sure to attend to this detail. Failure to do so may have its repercussions at the meeting and throughout the year.

Jan 1, 1932

By T. Sterry Hunt

Jan 1, 1882

By JOHN R. SUMAN

IT SEEMS particularly appropriate that the Institute's Regional Meeting should be held in Minnesota this year. Whether we like it or not, we cannot help looking at things now in the light of the World War and the all-out effort we, as a nation, are making to defend our resources, our institutions, and our way of life. The ability to do this lies in large measure in the ability to forge weapons of defense-the machines of war. The basic ingredients of any defense system, or war machine, are the raw materials of industry-iron ore, providing steel for guns, shells, tanks, and warships; coal for stoking the nation's furnaces; oil to furnish power for war planes, ships, trucks, and mechanized weapons; and all the other materials that play a vital role in the operation of modern armies and navies. The tremendous requirements of full-scale defense programs are indicated by the large number of commodities that are now under priorities because the supply is not sufficient to meet both defense needs and all normal civilian consumption. But out of all these items two are of paramount importance-steel and petroleum. In this age no nation can hope to main¬tain a position as a first-class power in the world without a highly developed industry, particularly the heavy industries based on steel, and without access to the necessary resources for those industries. In 1918, 70 per cent of the iron and steel production of the United States was required for defense purposes. In 1940, 15 per cent of our iron and steel production was consumed for defense purposes, and with the acceleration of the defense program, it appears that the proportion of steel output required for defense purposes will reach 40

Jan 1, 1941

By Charles A. Thomson

RECENTLY a prominent Brazilian' doctor wrote to an American friend: "I feel that cultural relations between the American and Brazilian people could be promoted in a very speedy and effective way by establishing contacts between men of the same professions. . . . A Brazilian mechanical engineer could be immediately interested in relations with American colleagues, even if he had never heard of Longfellow and was not interested in Stokowski's orchestra. . . . A large number of cultural ties could be established between specific groups of men who have already some common interest, and who, whenever they meet, can do something that naturally brings them closer, that is, `talk shop."' In appointing a committee on Inter-American Engineering Relations to cooperate with the Department of State in its program of fostering cultural relations with the other republics of this hemisphere, the American Engineering Council has taken a step which should lead to a greater sense of unity and fraternity among engineers of the Americas. That such unity and fraternity are part and parcel of the moral defense of the hemisphere is obvious. For years engineers of the United States have been traveling South and South-east to construct roads and bridges, dam rivers, harness waterfalls, build ports, install and operate mining equipment, and erect buildings and plants, often at the risk of life. Those in the teaching profession in this country have had as pupils a growing number of students from our neighboring republics whom they have sent back home trained in the most efficient engineering methods. In a sense, however, these relations with the other nations on this side of the globe have been haphazard and left to chance. Personal acquaintance among engineers has played its role but no organized attempt appears to have been made to take advantage of the natural relationship which geographical and historical factors should encourage.

Jan 1, 1940

Erwin S. SperRy, Bridgeport, Conn.: The analysis of refined copper is a subject of great importance, and has not received the attention it deserves. Copper metallurgists, therefore, will welcome the paper of Mr. Heath with satisfaction. The state of the art of the chemical analysis of copper has been such that consumers, if they could not afford to run any risk, have been obliged to buy copper from the smelter having the best reputation, and a specification for copper to meet certain requirements could not be drawn up by the mere giving of the chemical constituents. Mr. Heath has brought the analysis of the copper to such a state that when a specification calls for copper " equal to Lake copper " one will know immediately what percentage of the pure metal to expect. It seems to be a pretty well established fact that the copper of Lake Superior is practically free from antimony and bitmuth ; and, with the exception of arsenic, the other elements are easily separated from copper by electro-deposition in an acid solution. The authorities differ in regard to the question whether antimony is deposited with the copper in an acid solution. Classen* recommends the employment of a solution containing 10 per cent. of free nitric acid, sp.gr.1.21, and the strength of the current from 0.3 to 0.4 ampere, in order to prevent the other metals from being deposited with the copper; and for this reason, I presume, the method has been generally used. I, myself, have been accustomed to use such a solution for the analysis of copper-alloys, but have found that for such alloys only a small quantity of nitric acid is necessary, if sulphuric acid is present in sufficient amount to give the solution the required conductivity.

Jan 1, 1898

By John Primrose

TUBE stills having demonstrated their usefulness for refining operations, the later developments in their design have been in the direction of improved thermal efficiency: The earlier designs operated with low furnace temperatures and large volumes of furnace gas because the fuel was burned with much excess air. It was quite possible to provide sufficient heating surface to lower the temperature of the flue gas to within 150° of the temperature of the inlet oil, or when inlet-oil temperatures were high to have the flue gas escape at 300° or 350° F. by using the heat remaining in the flue gas from the still to preheat the air supplied for combustion. But even so, the thermal efficiency was low because of the large quantity of air used for combustion. The large quantity of excess air was required to burn the fuel in the furnace at a temperature low enough to prevent overheating the furnace walls and overheating of the oil. Supplying heat to the tubes of the heating surface at a rate beyond the capabilities of the oil to absorb, except with a considerable difference between the temperature of the inside of the tube and oil passing through, would result in overheating the tubes and the oil in contact with them. For these reasons it was very necessary in the older types of tube stills to burn the fuel with large quantities of excess air, resulting in low thermal efficiency despite the low flue-gas temperature. Neglecting loss by radiation, the thermal efficiency could be improved only by burning the fuel with less excess air, but it was necessary to accomplish this without upsetting the furnace temperature conditions existing when large quantities of excess air were used. There are several methods of bringing this about, such as controlling the furnace temperature by returning a proportion of the flue gas to the furnace, or by exposing direct to the fire a heat-absorbing surface so located and proportioned that sufficient heat will be absorbed by radiation to prevent excessive furnace temperatures.

Jan 1, 1928

By John Primrose

Tube stills having demonstrated their usefulness for refining operations, the later developments in their design have been in the direction of improved thermal efficiency. The earlier designs operated with low furnace temperatures and large volumes of furnace gas because the fuel was burned with much excess air. It was quite possible to provide sufficient heating surface to lower the temperature of the flue gas to within 150" of the temperature of the inlet oil, or when inlet-oil tempera-tures were high to have the flue gas escape at 300" or 350" F. by using the heat remaining in the flue gas from the still to preheat the air supplied for combustion. But even so, the thermal efficiency was low because of the large quantity of air used for combustion. The large quantity of excess air was required to burn the fuel in the furnace at a temperature low enough to prevent overheating the furnace walls and overheating of the oil. Supplying heat to the tubes of the heating surface at a rate beyond the capabilities of the oil to absorb, except with a considerable difference between the temperature of the inside of the tube and oil passing through, would result in overheating the tubes and the oil in contact with them. For these reasons it was very necessary in the older types of tube stills to burn the fuel with large quantities of excess air, resulting in low thermal efficiency despite the low flue-gas temperature. Neglecting loss by radiation, the thermal efficiency could be improved only by burning the fuel with less excess air, but it was necessary to accomplish this without upsetting the furnace temperature conditions existing when large quantities of excess air were used. There are several methods of bringing this about, such as controlling the furnace temperature by returning a proportion of the flue gas to the furnace, or by exposing direct to the fire a heat-absorbing surface so located and proportioned that sufficient heat will be absorbed by radiation to prevent excessive furnace temperatures.

Jan 1, 1928

By A. D. K. Laird, John A. Putnam

This paper describes the application of x-ray theory to design procedures in connection with fluid saturation determinations during fluid flow experiments with porous media. A reliable and rapid method for calibrating the x-ray apparatuy is described. Extension of the method to fluid saturation determinations in three-fluid systems is described. INTRODUCTION In rerearch on oil production problems a method is required which will give quickly the quantity of each component of a fluid flow system present at any cross-section of a porous medium. The sample of porous medium under investigation is usually referred to as a core. The ratio of the volume of one component to the total fluid volume is defined as the saturation of the porous medium by that component. This ratio is generally given as per cent saturation. Some means of measuring saturation which have received consideration include: electrical conductivity of the fluids;1,2 emissions from radioactive tracers dissolved in the fluids; the radioactivity of silver caused by reflection of neutrons from hydrogen atoms in the fluids;' the attenuation of a microwave beam. the diminution and phase shift of ultrasonic wave trains.4,5 and the reduction in intensity of x-ray beams in passing through the fluids. X-rays have already been used with some success. Since every material has a different power to absorb x-rays, the reduction in intensity of an x-ray beam as it passes through a core depends on the fluids present. The strength of the emergent beam can be found by converting its energy into a measurable form such as heat or ionic current. or by its effect on a photographic plate or fluorescent screen. The beam strengths could be interpreted as quantities of known fluids in the core if, previously, these beam strengths had been identified with a known combination of the same fluids. With some fluid cornbinations it might be desirable to dissolve powerful x-ray absorbing materials in one or more of the fluids, to increase the differences in the beam strengths for various fluid saturations. Boyer, Morgan and Muskat6 have described a method of measuring two component fluid saturation. One component was air or water; the other. minerat seal oil in which was dissolved 25 per cent by weight of iodobenzene to increase its absorbing power. The x-ray source was a tungsten target tube operated at 43 kv potential. The beam emerging from the core was measured as ionic current flowing across an air-filled ionization chamber by means of an amplifying circuit and galvanometer. Another portion of the beam from the x-ray tube was passed through a metal plate and measured in another ionization chamber. This portion, called the monitor beam, was used as an indication of the performance of the x-ray tube. The galvanometer readings were calibrated against air-oil core saturations, gravimetrically determined. The method was apparently established by experimental means. In the present investigation the available theory of x-radia-tion was surveyed with a view to extending the usefulness of the method and to developing design procedures for its application to measurement of fluid saturation in porous media. Application of the theory permits prediction of relative meter readings to be expected for any combination of porous matrix, various saturating fluids and auxiliary filtering media. It is thus possible to calibrate the equipment in terms of fluid saturation by an indirect but rapid technique. The results of calculations based on x-ray theory indicate. and results of the saturation calibration technique confirm. that a valid measurement of the saturation of the core can be made for any two components and in some cases for three components. THEORY The strength of an x-ray beam, after it has passed through a distance. 1, of matter of density, p, and mass absorption coefficient, µ at a given wavelength, A, may be expressed by the absorption formula I = I0 e ...........(1) where I, represents the intensity of the incident x-ray beam and I is the intensity of the emergent beam. The expression e is called the transmission factor of the material. The variation of I,, with wavelength depends upon the materials through which the x-ray beam has previously passed and upon the spectral distribution of energy at the source of the x-radiation. A group of curves. called spectra. which show the variation of intensity with wavelength and x-ray tube voltage are given in Fig. 1. These curves represent the general radiation from a tungsten target tube. When the tube voltage is greater than 69.3 kv, the characteristic radiation of the tungsten is emitted and is superposed on the general radiation. At a given voltage the minimum wavelength A,,,,, at which energy can be emitted by an x-ray tube is given by the formula 12,340 xml. = ——..........(2) volts where A,.,,.. is in Angstrom units. The wavelength at which the spectra have maximum intensity a1so decreases with increasing x-ray tube voltaue. The area under each curve represents to an arbitrarv scale the total energy emerging from the x-ray tube for that voltage. The variation of µ with wavelength has been determined for many substances and may be found in such references as those by Compton and Allison7 and by Hodgman.8 The phenomenon of absorption is composed chiefly of the capture of photons by the atoms of the absorbing material with associated displacement of electrons, and of the scattering, or the deflection, of the photons by the atoms. Curves of these mass absorption coefficients show jump discontinuities. or absorption edges. at wavelengths which are short enough for the photons,

Jan 1, 1951

By John A. Putnam, A. D. K. Laird

This paper describes the application of x-ray theory to design procedures in connection with fluid saturation determinations during fluid flow experiments with porous media. A reliable and rapid method for calibrating the x-ray apparatuy is described. Extension of the method to fluid saturation determinations in three-fluid systems is described. INTRODUCTION In rerearch on oil production problems a method is required which will give quickly the quantity of each component of a fluid flow system present at any cross-section of a porous medium. The sample of porous medium under investigation is usually referred to as a core. The ratio of the volume of one component to the total fluid volume is defined as the saturation of the porous medium by that component. This ratio is generally given as per cent saturation. Some means of measuring saturation which have received consideration include: electrical conductivity of the fluids;1,2 emissions from radioactive tracers dissolved in the fluids; the radioactivity of silver caused by reflection of neutrons from hydrogen atoms in the fluids;' the attenuation of a microwave beam. the diminution and phase shift of ultrasonic wave trains.4,5 and the reduction in intensity of x-ray beams in passing through the fluids. X-rays have already been used with some success. Since every material has a different power to absorb x-rays, the reduction in intensity of an x-ray beam as it passes through a core depends on the fluids present. The strength of the emergent beam can be found by converting its energy into a measurable form such as heat or ionic current. or by its effect on a photographic plate or fluorescent screen. The beam strengths could be interpreted as quantities of known fluids in the core if, previously, these beam strengths had been identified with a known combination of the same fluids. With some fluid cornbinations it might be desirable to dissolve powerful x-ray absorbing materials in one or more of the fluids, to increase the differences in the beam strengths for various fluid saturations. Boyer, Morgan and Muskat6 have described a method of measuring two component fluid saturation. One component was air or water; the other. minerat seal oil in which was dissolved 25 per cent by weight of iodobenzene to increase its absorbing power. The x-ray source was a tungsten target tube operated at 43 kv potential. The beam emerging from the core was measured as ionic current flowing across an air-filled ionization chamber by means of an amplifying circuit and galvanometer. Another portion of the beam from the x-ray tube was passed through a metal plate and measured in another ionization chamber. This portion, called the monitor beam, was used as an indication of the performance of the x-ray tube. The galvanometer readings were calibrated against air-oil core saturations, gravimetrically determined. The method was apparently established by experimental means. In the present investigation the available theory of x-radia-tion was surveyed with a view to extending the usefulness of the method and to developing design procedures for its application to measurement of fluid saturation in porous media. Application of the theory permits prediction of relative meter readings to be expected for any combination of porous matrix, various saturating fluids and auxiliary filtering media. It is thus possible to calibrate the equipment in terms of fluid saturation by an indirect but rapid technique. The results of calculations based on x-ray theory indicate. and results of the saturation calibration technique confirm. that a valid measurement of the saturation of the core can be made for any two components and in some cases for three components. THEORY The strength of an x-ray beam, after it has passed through a distance. 1, of matter of density, p, and mass absorption coefficient, µ at a given wavelength, A, may be expressed by the absorption formula I = I0 e ...........(1) where I, represents the intensity of the incident x-ray beam and I is the intensity of the emergent beam. The expression e is called the transmission factor of the material. The variation of I,, with wavelength depends upon the materials through which the x-ray beam has previously passed and upon the spectral distribution of energy at the source of the x-radiation. A group of curves. called spectra. which show the variation of intensity with wavelength and x-ray tube voltage are given in Fig. 1. These curves represent the general radiation from a tungsten target tube. When the tube voltage is greater than 69.3 kv, the characteristic radiation of the tungsten is emitted and is superposed on the general radiation. At a given voltage the minimum wavelength A,,,,, at which energy can be emitted by an x-ray tube is given by the formula 12,340 xml. = ——..........(2) volts where A,.,,.. is in Angstrom units. The wavelength at which the spectra have maximum intensity a1so decreases with increasing x-ray tube voltaue. The area under each curve represents to an arbitrarv scale the total energy emerging from the x-ray tube for that voltage. The variation of µ with wavelength has been determined for many substances and may be found in such references as those by Compton and Allison7 and by Hodgman.8 The phenomenon of absorption is composed chiefly of the capture of photons by the atoms of the absorbing material with associated displacement of electrons, and of the scattering, or the deflection, of the photons by the atoms. Curves of these mass absorption coefficients show jump discontinuities. or absorption edges. at wavelengths which are short enough for the photons,

Jan 1, 1951

By AIME AIME

A CERTAIN area in the State of Indiana seems to be a breeding place for presidents and near president about eighteen miles southeast of Elwood is the little village of Daleville, and there, on April 9, 1890, John Robert Suman, newly elected President of the A.I.M.E., was born. It was not long before he migrated to California, however, where he went to the Los Angeles High School, then for two years to the University of Southern California, after which he went up to Berkeley

Jan 1, 1940

By E. A. Holbrook

AS A whole, engineering schools have not awakened A to the fact that the workmen compensation laws passed in most of our states between 1914 and 1917 effected a quiet but none the less real revolution in. the relations between labor and management; no longer are industrial accidents unfortunate or careless happenings over which we feel a humanitarian interest and sorrow, they are a cost of the process and the finished product, as vital as improved design and increased efficiency. Last year the writer and others made a committee report to. the American Institute of Mining and Metallurgical Engineers on the cost of accidents in the coal industry of Pennsylvania. Comparatively the accident record in Pennsylvania coal industry is not high, yet the direct compensation cost plus the interference with operation cost of accidents was over 5 per cent. of the total cost of producing the coal. This stands out more vividly -if you realize that about 70 per cent. of the' cost of producing the coal is for payment of labor, wages that are fixed and over which engineering efficiency and management skill have little or no direct effect. This leaves 30 per cent. of the cost chargeable .to hoisting, haulage, overhead 'and other items subject to engineering control. One sixth of this is due to cost of accidents. Surely a direct place 'for an engineering attack.

Jan 1, 1925

By Peter J. Szabo

INTRODUCTION The time period from the detailed feasibility study to the post investment audity usually ranges from three to eight years depending upon the nature of the mining project considered. It is the only after the post investment audit that we know the adequacy of the assumptions made concerning operational risk assessment in the detailed feasibility or acquisition economics. The post investment audit results from numerous mining projects can best be described by a verse by John Greenleaf Whittier's Maaud Muller. It reads "For all sad words of tongue or pen the saddest are these 'It might have been!"' Dissecting the negative results of numerous mining projects we find faulty assumptions concerning markets, geology, capital investment and operational risk assessment. Although in hindsight many of these assumptions could have been considered impossible or impracticle to have forecast with any degree of certainty, we find that refined assumptions concerning operational risk assessment could have been made with only a modicum of additional "Due Diligence". Anyone who invests in a mining property should employ a much higher discount rate of future cash flow, (usually in the minimum range of 25%-30%), than he would expect from such safe investments as Treasury Bills or high grade Utility Bonds. The nature of this steep discount translates to a large uncertainty concerning the timing and actualization of assumptions contained in the detailed feasibility study. We must remember that when a project gets beyond 20 years, any contribution to the value of the project of cash flow is minimal due to the nature of the discounting process. Thus for each full or partial day lost in the development or early operation stage of a project, the financial impact will be greater than similar lost days later on in the project. Adequate operational risk assissment is particularly critical when bidding on competitive tenders for coal deposists in remote locations such as the Bowen Basin in Queensland, Australia. Because of the market attractiveness of these coal deposits for supplying end users in the Far East, Middle East and Europe, state governments require competitive tender biddings via the Authority to Prospect process. Front end bonuses and super royalty payments must be commited before the actual mining conditions are known. Time to submit firm offers from the actual request for proposal vary from 90 to 120 days. Thus any operational risk assessment must be detailed, realistic and reflective of the actual project. When one searches the literature, one finds limited qualitative data on operational risk assessment in valuation papers. Usually this facet of valuation takes a secondary role to such areas as reserves, markets, and environmental considerations. When one comes to the question of operational risk assessment more often than not one finds the use of "rules-of-thumb", such as tons per man shift, average production, average seam height, etc., are used to forecast results on which banks and other financial institutions are required to make investment decisions. Because of the extremely competitive environment of the 1970's and 1980's numerous financial institutions approved loans without adequate "Due Diligence", and are currently paying a steep price in terms of non performing loans and charge offs. One must always remember that each operation is unique with its own characteristic

Jan 1, 1985

By H. D. Wilde

DURING 1934 conditions in the production division of the petroleum industry were reasonably satisfactory but nevertheless a decided feeling of insecurity existed largely because of the uncertainty of controlling production to consumptive demand. Over-production, especially in the East Texas field, threatened a general collapse of crude prices but in spite of this, posted prices were high. Stimulated by the prevailing posted prices, wildcatting activities were wide-spread. Although a number of small discoveries were made, particularly in the Gulf Coast belt and Oklahoma, no fields of major importance, unless it was the Fitts pool in Southern Oklahoma, were brought in. Meanwhile, the Petroleum Division of the A.I.M.E. continued its activities. It sponsored the collection of production and geological data on both foreign and domestic fields. The data on all but a few producing districts in the world were published in the "Petroleum Development and Technology" volume of the "Transactions" and comprise one of the most complete tabula¬tions of this sort ever published. Work of this kind is being continued.

Jan 1, 1935

By Hannon, J. W. G.

Silicosis is today's most important industrial disease and probably dates back to the Stone Age. Since the industrial revolution, increasing attention has been paid to those occupations where mineral dust is present in the air breathed by the workers. For many years it was assumed that the inhalation of all mineral dusts was hazardous. but investigations conducted in several countries pointed the statistical finger of guilt at free silica in any of its numerous physical forms as a dust of outstanding toxicity. Recognition of silica as the chief hazard has resulted in widespread use of the term "silicosis." Depending upon the concentration of finely divided silica dust to which the individual is exposed and the duration of exposure, silicosis may become a disabling condition in from one to thirty years. The structure of the lung and respiratory passages is such that only minute particles of silica can gain entry to the air cells in the lung (5 microns or under are most toxic). When these minute particles gain entry to the lung tissues they stimulate certain protective cells in the lung to multiply at an excessive rate. The cell's undergo inflammatory changes which result in nodular scars and a low-grade inflammation of the lung tissue. These progressive changes in the lung structure gradually encroach

Jan 1, 1949

By Joseph Jensen

MANY fields have been zoned by nature with shales and intermediate waters between oil zones. Limitations thus imposed have been the basis on which the field was developed. In contrast thereto, in the Ventura Avenue Field, nature proved more generous. Always expecting to find such similar limitations, operators drilled deeper and deeper into the oil zone without finding any distinctive shale bodies other that the Gosnell shale and only one intermediate water, which became the point below which the final water shut-off of each well was made. Thus, on top of the structure, about 3300 ft. of oil-bearing zone has been penetrated below this intermediate w9ter-a distance of 4000 ft. below the Gosnell shale. At first it seemed that the greater the penetration in the zone, the better the well. The error of this assumption became evident

Jan 1, 1930