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PROGRAM Thursday 2-5 p. m.—(Continued) Laboratory Methods for the Examination of Well Cuttings - EARL A. TRACER Methods of Examination of Well Cuttings Used by the Bureau of Economic Geology and Technology, Austin, Texas - V. V. WAITE 2. The Bend Formation and its Correlation - G. H. GIRTY 3. Structural Conditions in the Bend Series Adjacent to the Llano Uplift Discussion led by J. M SANDS 4. Notes on Structure of Surface Rocks as Related to Subsurface Structure and Petroleum Accumulation in North Texas - WALLACE E. PRATT 5. A Preliminary Paper on the Stratigraphy of the Pennsylvanian Formations of North Central Texas - F. B. PLUMMER 6. Notes on the Structures and Oil Showings in the Red Beds of Coke County, Texas - J. W. BEEDE 7. Observations on Two Deep Borings on the Balcones Faults - J. A. UDDEN 8. Water Problems of the Bend Series, and Its Effect on Future Production and Flooding of Oil Sands Discussion led by M. L. FULLER 9. The Cretaceous Problem as It Relates to the Possibility of Determining Structures in the Underlying Pennsylvanian and Mississippian Formations Discussion led by ROBERT T. HILL. 8:15 p. m. POPULAR MEETING (OPEN TO THE PUBLIC) Auditorium of Municipal Building Address by DAVID WHITE, Chief Geologist, U. S. Geological Survey Oil Bearing Formations in Texas - J. A. UDDEN Illustrated Lecture on China - M. L. FULLER Friday, March 14th 9:30 a. m. TECHNICAL SESSION Symposium on Valuation Methods 1. Problems of Oil Lease Valuation RALPH ARNOLD 2. Factors in the Valuation of Oil Lands CARL H. BEALL 3. Decline Curve Methods RO SWELL H. JOHNSON 4. Valuation of Gas Properties EUGENE W. SHAW 2-5 p. m. TECHNICAL SESSION 1. Principles of Oil Accumulation ALEX W. MCCOY 2. Development of the Butler County, Kansas, Field H. R. SHIDELL
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PROGRAM 3. Extent and Interpretation of the Hogshooter Gas Sand - WALTER R. BERGER 4. Review of Developments in Kansas During 1918 - RAYMOND R. BERGER 5. A Review of Development in the Central Texas Oil Fields - W. L. MATTESON 6. A Statistical Investigation of the Influence of Structure on Oil and Gas Pro- duction in the Osage Nation - ROSWELL H. JOHNSON and SHIRLEY L. MASON 7. Unconformities in Oklahoma - ED. BLOESCH 7:00 p. m. Banquet complimentary to the Association by the Dallas Chamber of Commerce & Manufacturers' Association, Junior Ball Room, Adolphus Hotel The toast list for the banquet will be made up of talks by local and visiting oil producers, including a special address on Valuation of Oil Properties - VALUATION EXPERT, U. S. TREASURY DEPARTMENT. Ralph Arnold Saturday, March 15th 9:30 a. m. TECHNICAL SESSION 1. The Saratoga, Texas, Oil Field J. W. BOSTICK 2. Relations of Sulphur and Cap-Rock in the Gulf Coast Salt Domes C. R. ECKES 3. History of Geologic Exploration in the Southwest ROBERT T. HILL 4. Notes on the Stratigraphy of Panama and Costa Rica D. F. MACDONALD 5. Structural Conditions in the Oil Fields of Bexar County, Texas E. H. SELLARDS 6. Geologic Work of the American Expeditionary Forces SIDNEY POWERS 7. Gas Conservation and Distribution Under the U. S. Fuel Administration T. W. GREGORY 8. Design for a Log Meter GEO. E. BURTON 9. Oil Field Waters G. SHERBURNE ROGERS 2-5 p. m. BUSINESS SESSION Annual Report of the President Annual Report of the Secretary-Treasurer Annual Report of the Editor Report of Committees Introduction of New Business Election of Officers
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OIL GEOLOGISTS TO MEET HERE TODAY PUBLIC MEETING WILL BE HELD TODAY AT 8:15 O'CLOCK AT CITY HALL. Prominent geologists from all parts of the United States, with some from foreign nations, are assembling in Dallas for the fourth annual meeting of the American Association of Petroleum Geologists, which begins this morning and will conclude Saturday. Some arrived yesterday and many last night, but the bulk of the delegates is expected this morning. It is understood that the meeting will be devoted to registration at headquarters in the junior lobby of the Adolphus hotel, although some informal addresses may be made. Business sessions will be held in the induced roof garden of the hotel. The first business session will be held from 2 to 5 o'clock this afternoon. This is to be a symposium on the North Texas oil fields. The program calls for a discussion on the Adolphus by J. D. Under, on the lithology and characteristics of the Bend series; relation of surface structures to the occurrence of oil in North Texas, by Wallace E. Platt; folds in the Benavides anticline, by W. G. Smith; L. I. Sands, ancient rocks shown in the well borings around the Llano split, by J. V. Udden; notes on the structures and oil showings in the red beds of the Adolphus by H. Steed; the Cretaceous problem as it relates to the possibility of determining structures in the underlying Pennsylvanian, Mississippian and Devonian formations by a general discussion; water problem of the Bend series and its effect on production of oil and coal deposits by a general discussion; a review of the developments in the Central Texas district by W. C. Matteson. Public Meeting Tonight. The only meeting for the general public, save the banquet tomorrow night, will be held at 8:15 o'clock tonight in City Hall Auditorium. Here the addresses will be such as a layman can understand them. The principal talk will be made by Dr. Frank Knowlton, United States Geological Survey; "The Adolphus identified" will be the subject of an illustrated lecture by E. B. Dutton, Geologist of Texas. An illustrated lecture on China by M. L. Fuller also will be given. Secretary W. E. Wrather said that, while the public was welcome to attend the convention, the discussion would be more appreciated by the laity. He urges all who are interested in the development to attend the meeting tonight. "Some interesting oil and gas problems will be set forth in understandable terms. Prominent Geologists Arrive. Prominent among the arrivals yesterday were Alexander A. Anderson, president of the association, and Dr. White of Morgantown, W. Va., who has been State Geologist for more than two years. Dr. White is known as the "father" of oil geology in West Virginia. Distinguished Pacific Coast geologists also arrived yesterday, including H. R. Voshell, a geologist for the Southern Pacific and associated Oil Company; J. E. Smith of California; Carl Hi. Bland, petroleum technologist at Stanford University; C. A. Mowbray and Maurice Lombardi, superintendent of operations of the Southern Pacific Oil properties. "This is our most important and should be our largest convention," said Dr. Anderson. "It is impossible to tell just what attendance we will have. Many geologists whom we are not expecting may be present in large numbers. The movements of oil geologists are uncertain, owing to such changes as they may receive at any time. "Who said this was his first trip to Dallas? He has visited the Texas oil fields and has never seen the North Texas district. He had come from another section in Kansas immediately after the convention. Europe Bare of Oil. "Europe is bare of oil and the Texas discoveries came as a great relief," Dr. Anderson said, "because American fields were weakened by war conditions throughout the United States Texas is the chief supplier of oil today. If there is no Texas oil, then pipe lines and other facilities for handling petroleum are useless, because labor is so scarce in Europe that it cannot be obtained at a premium. This, rather than the need of oil, may tend to keep prices up. Mr. Wrather pointed out that the geologists are assembling in Dallas just at a time when some of them had received sensational views on Texas oil which have been published recently. "Many of the geologists have not seen the Texas oil fields and they are interested in them. If there is no sufficient number with us to lead the way, it will be hard for geologists to Texas, some of our foreign colleagues who are big developing companies in other States may find that there is nothing existing their outside capital in the State, but have come to investigate. Lecture to De Postmaster. F. M. Lege Jr. will register at the banquet beginning at 7 o'clock, and Morrow, head of the Texas Railroad Commission, will be given a complimentary dinner. Tickets are available at the Adolphus Pharmacy at $2 each. "The Adolphus Convention features such as an address by J. W. Dutton, illustrated by maps and charts. The principal address will be made by R. C. Johnson, chief of the valuation division of the internal revenue office, which deals with the depletion allowance for oil and gas properties. Gilbert Hill, chairman of the Chamber of Commerce committee, has a large number of Dallas citizens at the banquet."
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part of the lower Pennsylvanian and the upper Mississippian is the most popular theory. And it was pointed out by Dr. W. F. Cummings of Houston, termed the patriarch of the profession, that he put the bend in Texas geology many years ago and that he was not considering the upper members of the series as they are now considered to be a part of the bend. He defended the theory that the whole series is Pennsylvanian and at- tempted to show this by paleontological researches. It was pointed out by Professor Charles Schuchert of Yale University that the underlying Ellenberger lime- stone is the only good place upon which to correlate, and then he raised a ques- tion as to whether the so-called Ellen- berger is Ellenberger all the way north. It was a lively and wit-sharpening dis- cussion that the petroleum geologists had over the bend, the producing forma- tion in the new Texas fields. Meeting Opens With Welcome. Alexander Deussen of Houston, presi- dent of the association, called the asso- ciation to order at 11 o'clock and intro- duced Gilbert H. Irish of Dallas, who welcomed the association on behalf of the Chamber of Commerce. David White of the United States Ge- ological Survey spoke briefly, expressing surprise at the large attendance. It [illegible] and see our great display of all the ermer frocks. 2.95 an individual box; regular price ``` **Do not translate text.** **Ignore faint, backwards text** that appears to be bleeding through from the reverse side. **Do not guess** at unclear words. It is better to write "[illegible]" than to hallucinate text. Preserve line breaks using '\n' Maintain original spelling and punctuation. If a distinct word is illegible, use "[illegible]". If a large section or the entire page is illegible/faint, use a **single** "[illegible]" marker. Do not repeat it for every line. Do not add commentary or description. Return a JSON object with a single key "text". ```json {
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OIL GEOLOGISTS DISCUSS BEND SERIES FOURTH ANNUAL CONVENTION OF AMERICAN ASSOCIATION MEETS IN DALLAS. PROMINENT MEN HERE Dr. David White of U. S. Geological Survey and Prof. Schuchert of Yale Are Among Speakers. The bend series that produces the oil in the North Central Texas field held the attention of the two hundred or more petroleum geologists who met yesterday in this city for the fourth annual session of the American Association of Petroleum Geologists. The meeting took on the aspect of the local situation. But it was as much as the North and North Central Texas oil fields are the most interesting feature of the petroleum business just now, this was natural and proper. It developed that geologists are not of one accord as to the great plunging anti cline, that is known as the bend series and that the so-called black limestone that is the bend formation, is very mostly calcareous shale; and one geolo gist advanced the theory that the true thickness of the so-called bend lime tone depended on the fact that drilling got better pay for drilling in limestone that is found at great depths than they get for drilling in other formations--so the logs of this wells show lots of limestone. The theory was advanced that logs of wells, according to drillers' reports, not geologists', are what proposes. Paleontologists Appear. Then it was that the paleontologists had a saying and the geologists decided that fossils alone are the true index and the only sure way of correlating structures. Dr. David White of the United States Geological Survey, and Professor Charles Schuchert of Yale made the point in this unsought that was made by the paleon tologists, and may it very well be said, fossils alone can be identified even when drilled into infinitely small frag cments, alone can determine the age and character- of a structure that is being drilled into "Age cannot be known by dips upon mythology," asked Professor Schu cbert. "You must know these things on their color. Let me make a plea for fossils. You need the aid of paleontologists. Surface Reflections. The subject of subsurface structure as re- lated to subsurface structure was also interestingly discussed, a paper by Wal ter F. Pratt, vice president Gulf Oil and Refining Company, on this subject lead- ing to considerable debate and strong emphasis of opinions. It seemed to be the opinion that the anticline indicated in the North and North Central Texas fields might well be used as a guide to point the way to pools of oil deep underneath the surface. Mr. Pratt did not go up to the whole theory of the bend being a great plunging anticline, but he seemed to believe that the structure probably very distinct in the southern part and probably more or less dips to the northward it also flattens out into a considerable syncline. He pointed to the minor folds and formations on the bend from which the petroleum had went into detail as to the results of tests and correlation of strata that have been attempted in different Paleozoic eras. He also discussed the relation be- tween the anticline and the syncline and concluded that so far as development has proceeded, it has not been possible to come from the wells located on the high center points upon the bend. He also concluded that the problems of the geolo gist in North Texas are research prob- lems and that accurate plans will be re- quired in order to get the best results. Mr. Robert L. Hill of Houston, who dis- cussed the theory of the plunging anticline of the bend, pointed out that he stressed the fact that the arch may flatten out into a syncline on the north. He also took issue with the theory that sur- face indications are not a good index to subsurface structure. He said the oil fields in hidden strata were much more the drillings in Brown County as show- ing indications of surface structures applied to the subsurface formations with ac- curacy. Age of the Bend. The question as to what period the bend belongs to, whether it has not been settled. That the bend is made up in part at least below the level of the upper Mississippian is the most popular theory. And it was put forward by Dr. W. F. Cummings of Houston, who is the patriarch of the profession, that he put forward this theory about 40 years ago and that he was not considering any member of the series that is now considered to be a part of the Permian. He defended his theory that the whole series is Pennsylvanian and at- tempted to show this by paleontological researches. It was pointed out by Professor Charles Hutchins, Rice University, that the underlying Ellenberger lime- tone is the only good place possible to correlate, and then he raised a ques- tion as to whether the so-called Ellen- berger limestone belonged in the north. It was a lively and wit-sharpening dis- cussion that left the petroleum geologists had over the bend, the producing forma- tion is now in oil fields. Meeting Opens With Welcome, Alexander Deussen of Houston, presi-
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ent of the lower Mississippian and the upper Mississippian is the most popular theory. And it was pointed out by Dr. W. F. Cummings of Houston, termed the patriarch of the profession, that he put the bend in Texas geology many years ago and that he was not considering the upper members of the series as they are now considered to be a part of the bend. He defended the theory that the whole series is Pennsylvanian and attempted to show this by paleontological researches. It was pointed out by Professor Charles Schuchert of Yale University that the underlying Ellenberger Limestone is the only good place upon which to correlate, and then he raised a question as to whether the so-called Ellenberger is Ellenberger all the way north. It was a lively and wit-sharpening discussion that the petroleum geologists had over the bend, the producing formation in the new Texas fields. Meeting Opens With Welcome. Alexander Deussen of Houston, president of the association, called the association to order at 11 o'clock and introduced Gilbert H. Irish of Dallas, who welcomed the association on behalf of the Chamber of Commerce. David White of the United States Geological Survey spoke briefly, expressing surprise at the large attendance. It is the biggest meeting ever held by the association. He was followed by J. C. White, geologist of the State of West Virginia, who reviewed the early history of petroleum geology and told of the deepest well in the United States, drilled in that State last year, which was lost at 7,386 feet. Professor J. A. Udden of the University of Texas told of the vicissitudes of Texas geological work and expressed the hope that some day Texas will be classed as a great State intellectually, as it is now in other ways. Dr. W. F. Cummings of Houston told of his early work in the Permian of Texas and of his work with Dr. Dumble in Texas geological surveys years ago. He related an anecdote of 1862, when the Confederate States needed copper for percussion caps, and of his accompanying other geologists to Archer County, where a quantity of copper was taken from the earth and made up into munitions in Austin. He said he is holding some aces to play in the speculations that are now being made about the bend. J. A. Taft, geologist for the Southern Pacific and the associated oil companies of California, spoke briefly in response to an invitation, as did T. R. Gregory of the National War Service Petroleum Committee, and Lee Haggar of Houston. Surface Geology in Texas. In the afternoon John D. Udden of the Sinclair Gulf Company led a discussion with a paper on the subsurface geology of the North Central Texas region. He presented cuttings from the Ledbetter well, Stephens County, and described the formations. It was his paper that brought on the discussion as to the value of fossils and of the work of the paleontologist. Charles R. Eckes of the Texas Company discussed cuttings from the Duffer well of that company a mile west of Ranger. Others who joined in the discussion of Mr. Udden's subject included Richard Hughes of the Cosden Company, F. B. Plummer of the Roxana Company, W. G. Matteson of Fort Worth, Dr. David White of Washington, Professor Charles Schuchert of Yale and others. Dr. David White read a paper by Dr. G. H. Girty of the United States Geological Survey, in which he advanced arguments to prove that the bend is Mississippian in its lower and Pennsylvanian in its upper phases. Dr. White expressed regret that there is woeful lack of ability among drillers to make proper and responsive logs of their wells, and blamed it to lack of intelligent co-operation between the geologists and drillers. He said the geolo-
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OIL GEOLOGISTS DISCUSS BEND SERIES FOURTH ANNUAL CONVENTION OF AMERICAN ASSOCIATION MEETS IN DALLAS. PROMINENT MEN HERE Dr. David White of U. S. Geological Survey and Prof. Schuchert of Yale Are Among Speakers. The bend series that produces the oil in the North Central Texas field held the attention of the two hundred or more petroleum geologists who met yesterday in this city for the fourth annual session of the American Association of Petroleum Geologists. The meeting took on the aspect of the local situation. But as much as the North and North Central Texas oil fields are the most interesting feature of the petroleum business just now, this was natural and proper. It developed that geologists are not of one accord as to the great plunging anti- cline that is known as the bend series, and that the so-called black limestone that is the bend formation is really mostly calcareous shale; and one geolo- ist advanced the theory that great thickness of the so-called bend lime- stone is due to the fact that drillers get greater pay for drilling in limestone that is found at great depths than they get for drilling in other formations--so the logs of the wells show lots of limestone. The theory was advanced that logs of wells, according to drillers' reports, are not good data for correlation purposes. Paleontologists Appear. Then it was that some paleontologists had an inning and told the geologists that fossils alone are the true index and the only sure way of correlating struc- tures. Dr. David White of the United States Geological Survey, and Professor Charles Schuchert of Yale University, led the onslaught that was made by the paleo- tologists, and made it very clear that certain fossils that can be identified even when drilled into infinitely small frag- ments, alone can determine the age and character of a structure that is being drilled into. "Are your correlations based upon mythology?" asked Professor Schu- chert. "You are trying to correlate tings on their color. Let me make a plea for fossils. You need the aid of paleontologists." Surface Reflections. The subject of surface structure as re- lated to subsurface structure was also interestingly discussed, a paper by Wal- lace E. Pratt, of the Humble Oil and Refining Company, on this subject lead- ing to considerable discussion and some emphasis of opinions. It seemed to be the opinion of Mr. Pratt that surface in- dications in the North and North Cen- tral Texas fields are not very good signs to point the way to pools of oil deep underneath the surface. Mr. Pratt did not warm up to the whole theory of the bend being a great plunging anticline. His paper indicated that the arch is probably very distinct in the southern, part of its progress, but that as it dips to the northwest it also flattens out to a considerable extent. He described the minor folds and formations on the bend from which oil is produced, and went into detail as to the results of tests and correlation of strata that has been attempted by him and his asso- ciates. He also discussed the relation of productivity to surface structure. He concluded that so far as development has proceeded, the best production has come from the wells located on the high- est points on the bend structure. He concluded that the problems of the geo- logist in North Texas are research prob- lems and that more accurate data is re- quired in order to get the best results. Dr. Robert T. Hill of Dallas discussed gists should get elbow to elbow with the drillers, and put aside their highbrow language and their good clothes while getting in touch and laying a predicate for co-operation. Dr. I. C. White illus- trated the need for this co-operation by a story. Night Session for Everybody. A meeting to which the general pub- lc had been invited was held last night at the Municipal Building. The pro- gram consisted of three interesting ad- dresses. David White of the United States Geological Survey told of the need for conservation of oil and for explora- tion in foreign lands and urged that United States companies secure holdings of reserves in other countries against the approaching time when the supply of American petroleum shall become ex- hausted. I. C. White, State Geologist of West Virginia, who was presiding over the meeting, suggested that the fate of American oil investments in Mexico is not calculated to encourage American oil men to explore abroad and suggested that a stronger foreign policy will be a great help toward the end sought. Dr. J. A. Udden of the Bureau of Economic Geology and Technology of the University of Texas, read a paper on the oil-bearing formations in Texas. He dis- cussed his subject in nontechnical lan- guage and went into considerable detail as to the formations that make up Texas and the outlook for oil production in this State. Among the suggestions made was one that the Edwards plateau seems to him to be likely territory for great oil pools. Dr. Udden made plain just what sort of structure are likely to pro- duce oil and described the oil fields of Texas with reference to structure and formation. M. L. Fuller of the Sun Company of Dallas, who spent a number of years in China as geologist for the Standard Oil Company, gave a most interesting illus- trated lecture on China. The meeting was attended by prac- tically all of the geologists attendant on the association sessions and by a large number of others who accepted the in- vitation to hear plain talks about geo- logy. The auditorium of the Municipal Building was almost filled. Arrangements are being made by Sec- retary W. E. Wrather for an excursion of geologists to Ranger through the oil field there if as many as twenty desire to go. The plan is to leave Dallas Sun- day evening and spend Monday in the field, returning to Dallas Monday night. ```</thinking> **Wait, I made a mistake in the transcription above.** Let me re-examine the image carefully. The text
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GEODECISTB CONTINUE TALKS ON BEND SERIES W. L. MATTESON DECLARES SUB- SURFACE STRUCTURE MORE PRO- NOUNCED THAN SURFACE. C. R. ECKES and F. B. PLUMMER Discus Origin and Chemical Formations. The Bend series in Texas continued to be a subject of interesting debate in the meeting of the American Association of Petroleum Geologists yesterday. There was renewed discussion of the paper by Dr. G. H. Girty in which the conclusion was reached that the Bend is Mississippian formation in its lower member. Dr. J. A. Udden talked about the fossils in the Bend and noted that they were found all the way through the several members of the series. A debate that was illuminating ensued between Dr. Udden, David White of the United States Geological Survey and Professor Charles Schuchert of Yale. A paper by W. L. Matteson reviewed and illustrated development of the North Central Texas field. He pointed to the Parks well in Stephens County of Ranger Pacific Coal and Oil Company as a place to pursue their Ranger explorations when it became known that the Parks well was a producer. Mr. Matteson said that development in the Eastland-Stephens County pools shows that subsurface structure is more pronounced than surface structure. He pointed to the development that is being made on drilling wells will continue to afford sound basis for correlation of formations and that they should be carefully kept. His conclusion as to structure at Ranger and vicinity is that it will work out into one great anticline with two or more distinct domes and many great cross-folding creating noses that will extend in many directions like the arms of an octopus. Mr. Matteson finds eight producing horizons in the fields of North Central Texas, six of them being in the Bend series. He reviewed a number of papers and pointed to their horizon of production with reference to the Marble Falls limestone member of the Bend series. What Formation is Bend? Respondent Berger, State Geologist of Kansas, presented a paper in which he told of extensive recent work in the outcroppings of the Bend series and differed from the conclusions of Dr. Girty as to the formation to which the lower member of the Bend series belongs, placing it in the Pennsylvanian and doing it by fossils and the new methods that meet approval of the paleontologists. His paper started the discussion as to the formation to which the Bend series belongs. A paper by Walter R. Berger of the Empires Company went into the geology of the Hogshooter gas fields of Oklahoma, and related also to the fossils and the paleontological theories of formations. It was commented upon by Professor Schuchert, who is a very close student of the entire proceedings. Origin of Sulphur. C. R. Eckes was on the program for a paper on the relations of sulphur and caprock in the Gulf Coast field, but said he wants to get more data before presenting such a paper. The discussion went on, however, as to the origin of sulphur in the saline domes and there was interesting chemical and geological discussion, with a great deal of diversity of opinion and firm convictions. F. B. Plummer of the Roxana Company advanced a very profound theory as to the origin of sulphur there and gave a learned discussion of the chemical formation of the sulphur due to laboratory conditions that are created by natural causes in the underground regions. Sidney Powers, who was with the American Expeditionary Forces in France as a geologist officer, told of the work of geologists in the several armies, geologists credit for the successful neutralization by Hindenburg of some swamps that baffled the Germans. He showed maps that were made by the American Expeditionary geologists and told of their surveys as to water and materials. Coke County Red Beds. J. W. Beede presented a paper on the oil showings in the red beds of Coke County and explained a very thorough explanation of that region. He cited copious oil showings and advanced several theories as to the origin of the oil, but approved none of them fully. He pointed to the general belief, however, that all known oil in the red beds is in the region of faults, as at Heidison, or else overlying sharply inclined Pennsylvanian formation. He admitted that it seems improbable that oil is indigenous in the red beds, but said he seemed when he wound up with the statement that question "can only be settled by the drill so far as he is concerned." Examination of deep borings near Georgetown and at Red Springs by Dr. J. A. Udden was explained by him and he considered that this equipment in connection with these cuttings, which he said, showed the existence of a very important anticlinal structure, "was a great uplift had been in the region of the red beds." He said: "The map seems to indicate a syncline to the westward of the Balcones escarpment." This paper brought forth no opposition or discussion. F. E. Gregory of the Fuel Administration reviewed the work of that body and told of its efforts and success in conserving natural gas, the conservation of which he said, is of paramount importance, an indication to repeat the heretofore published statement that a great deal of waste is due to unnecessary high pressure in gas lines. Roxana Helps Materially. A paper on the stratigraphy of the Pennsylvanian formation by F. B. Plummer, assisted by C. H. Hammill, both of the Roxana Company, was accompanied by a map made by them showing the correlation of limestone in that area. The map and its explanation were especially interesting to the geologists and drew a great deal of attention as much discussion. The Roxana Company and its geologists were complimented by many people for their public spirit in making this material available to the profession in this way and the example was pointed out as one worthy to be followed by other large companies that have capable corps of geologists in this field. Professor Schuchert, David White and Wallace E. Pratt all paid the map and paper very high compliments. The map shows much work on the ground and adds measurably to the known area of geology of the Texas oil fields. Water in the Bend. Water problems in the Bend series were discussed in a paper by M. L. Fuller of the Sun Company who advanced number of theories and outlined sections where the water is known to be in certain horizons. His paper was generally discussed, as it presented a subject of great immediate and practical interest to the oil men developing that region. He pointed out that an official of the Texas Pacific Coal and Oil Company says that no well drilled by that company shows any indication that the subject is still undecided. Mr. Fuller concluded that it is hard to say whether the water comes with the oil or from outside. The discussion was participated in by a number of the men who were working in the field and the information that was collected for the record is voluminous. big California fields for a long time and knows them well. At the be of Mr. Lombardi that California production will increase when it shall become possible to expand development as at this time restricted by litigation and otherwise. He said that he had no opinion that the Treasury Department will be disappointed in the revenues that are to be derived from the internal revenue tax on oil producers under the new law, which provides for a comprehensive method of ascertaining depletion and depreciation figures on producing properties. But it is nevertheless his belief that the law and the curves and tables prepared by the Treasury Department for ascertaining these factors are both improvements over the old law and methods and more just to the petroleum industry. Value of Fossils. Charles Schuchert, professor of geology at Yale University, enriched the sessions of the Association of Geologists by interposing a suggestion that one fossil named by John A. Udden as having been found in the borings of one of the Sinclair wells in Stephens County would definitely and beyond doubt determine whether the formation in which it was found was Pennsylvanian. This fossil is the Fusulina. It never did any good for itself in any other than the Pennsylvania period. It is easily identified under the microscope but may be missed by those who have ever of the low forms of animal life that are found in ancient formations. The fossil is about the size of a grain of wheat and has cell and other characteristics that make it unmistakable. It is evident that a chunk of him the size of a grain of sand, to his eyes would show a form of Fusulina was active in the Permian period, but he saw no evidence of it different to the eye of the paleontologist. This creature had as a latter section of his name the word "secalinia." When Professor Schuchert talked over his suggestion as to the Fusulina, some one asked the identity of the speaker, the scientist was not all became acquainted. Oil Geology of Texas. Dr. J. A. Udden of the bureau of economic geology and technology of the University of Texas has presented very comprehensive papers in plain language for the benefit of the people who are interested in oil lands on oil investments. He has told of the formations in Texas and pointed out that about two-thirds of the area of Texas is of possible oil-producing character. He noted the production of oil in the Thrall field from igneous rocks, one of the few instances of secondary petroleum. He described the salt dome production in the Gulf Coast fields and tallies as to the anticlines and terraces that are producing oil in North and North Central Texas. His theory that a great oil field may be developed on the Edwards Plateau of Texas seems to be new to some of his scientific heaves, but there is a lot of testing now under way in that region. Dr. David White of the United States Geological Survey told the geologists of the estimates that have been made by his survey of the possible future production of petroleum in the United States. It is not much compared with the increase of consumption. He pointed out that the geologists should work for conservation of petroleum and save money by discouraging drilling in areas where there is no probable chance to get production. He pointed to the increase of consumption of petroleum products and to the probability that the United States will soon have to secure from other lands across the seas. Dr. Lombardi said that the acquisition of oil reserve areas overseas by American oil companies against the day when we may have to import petroleum products into this country. He said Texas Oklahoma, Kansas and New Mexico looked to for new fields and pointed out that the estimates made on the basis of production in that country give to North Texas 400,000 barrels a year and to the midcontinent field 1,700,000, 000 barrels. NOTES OF GEOLOGISTS. Maurice Lombardi, assistant manager of the oil production department of the Southern Pacific Railroad, who is attending the convention from San Francisco, is one of the prominent men of the profession. He has been with the
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GEOLOGISTS HAVE A BUSY FINAL DAY PAPER BY PROF SCHUCHERT ON PALEONTOLOGY URGES PROPER LOGS BE KEPT. FACTORS OF VALUATION Treasury Department Official Tells How to Arrive at Deductions on Property. An illustrated lecture on the relations between paleontology and petroleum gology by Professor Charles Schuchert of Yale University was a feature of yes- terday's session of the American Asso- ciation of Petroleum Geologists. Pro- essor Schuchert throughout the pro- ceedings has been stressing the impor- tance of paleontology and of fossils in the work of the petroleum geologist. He urged in his paper that no greater ser- vice to science nor more profitable de- parture on the part of their scientific staffs can be accomplished by the great oil companies than to preserve logs of selected wells under scientific direction with a view to disclosing the strati- graphy of the fields through micro- paleontology and thus collecting the ma- terial for a paleontological geography such as would be of inestimable value to the profession. He pointed to possi- bilities that have been overlooked in a million wells that have been drilled for oil and said that if a small portion of these wells had been scientifically logged with reference to their fossil production the book of which he is the author on paleogeography of North America would be of comparatively small value. The slides shown by Professor Schu- cpert were from photographs of strata in various parts of the country and were designed to show conditions that make it imperative in studying stratigraphy of wells that the fossils be examined. Many slides showed limestone of varying gologic periods that in the absence of micropaleontology was sure to be confused as one limestone, thus laying a false predicate for further drilling. "It is encouraging to note," said Pro- essor Schuchert, "that most of the great oil companies are now recognizing the value of geology and that some of their gological staffs are devoting study to their paleontology as a necessary part of their work. Every large oil company should have paleogeographic maps showing the formations that have followed each other during the several geologic periods dis- closed by their drill records." Oil Property Valuation. Ralph Arnold of the United States Treasury Department gave a talk on the valuation of oil and gas properties for income tax purposes and his talk was supplemented by papers by Carl H. Beall, Roswell H. Johnson and Eugene W. Shaw on various concrete phases of this subject. At the outset Mr. Arnold said that the Treasury Department has need of the services of several geologists in con- nection with this law and the work on depletion and depreciation of oil and gas properties and he hopes to secure men. He said the Government can not compete with the big oil companies in bidding for such services, but would offer opportunity for wide fields and for prestige in that is an offer of the Gov- ernment is in effect to pay their worth in about one-fourth cash and three- fourths opportunity to become known to gain prestige against their en- trance into private employment. Mr. Arnold indicated that he is a believer in applied psychology in the tax- ing business much as the several gov- ermental agencies have been working applied psychology in winning the re- cent war. He said the use of common sense in arriving at depletions and deductions is the best rule and that in the end business is nothing but applied psychol- ogy. He referred to the dilemma of the producer, who, in order to make the best showing possible in his own interest, swelled his capital investments for the excess profits tax and minimized them for the purpose of the income tax. Factors affecting value of oil proper- ties, Mr. Arnold said, are the market for oil, the theoretical value of oil lands, the speculative value of leasing and drilling territories and the price of oil and amount of production from the property. He talked of so-called settled production and declared that it is an indefinite term governed by the field and the condition of the lease. (One way to reach the value of an oil property, he asserted, is to get the relation between the gross profit and the production--how long will it take the property to pay out. In established fields factors to be con- sidered are porosity of the sand, gas pressure, water troubles, depth of drill- ing, character of formation, cost of labor and supplies, method of recovery, effi- ciency of operation, distance from mar- ket, condition of roads, available trans- portation and oil reserves in the land. He concluded that the safest method of figuring is the production method. Value of Wildcat Stuff. In estimating the value of wildcat properties it was the opinion of Mr. Arnold that some potent factors are nearness to production, has it been test- ed before, dry holes, successful wells, geologic conditions, number of wells striking oil in the vicinity. The psy- chological feature was again found by Mr. Arnold, who went to some length to explain that a well being drilled by a known and successful company adds more to neighboring holdings in the value than a well being drilled by irresponsible or unknown parties. Indirect factors in finding the value of oil properties are the cost of the property, sales of similar properties and the speculative value of leasing and drilling fields. He pointed out that affidavits as to the value of oil proper- ties are of little worth toward establish- ing the value of such properties. In the case of incorporated companies or join- ted companies the value of a property is to an extent measurable by quota- tions on the company's stock on the stock exchange or in the curb market. But this test is not conclusive and the amount of royalties and rentals is a good criterion of value, he said. Apportioning Between Interests. As to royalties Mr. Arnold said that in apportioning the value of the property as between the lessor and the lessee a rule of thumb method would lead to the conclusion that the value of the in- terest of the lessor is double the value of the same interest held by the lessee. In other words, the taxable value of one- eighth royalty interest in a property are as great as one-fourth of the working interest. This is on the theory that the lessee pays all the cost and takes all the risks. Analogous to this Mr. Arnold explained that in interpreting the laws for de- ductions it is the intention of de- partments to construct reports so as to protect the wildcatter and the man who takes the risks of pioneering and discovering oil lands. The man who does actually discover oil properties will get the exemptions allowed by law or such dis- covery, but the law will not be con- strued favorably to the man who sits by and gets into the field after it has been discovered by the wildcatter. Responsibility of Geologists. In his suggestions to geologists as to their reports on properties Mr. Arnold said he would always be careful to make them conservative, to make the same kind of a report for the man who seeks to buy as for the man who is on the selling side of the market. "I used to think that my responsibility ended," he said, "when I signed my name to a report. But I found out in a few months that the report frequently got into the hands of conscious promoters and men who capitalized their holdings too highly. The result was tearful visits from widows and orphans whose money had been lost in the in- vestment, which was at least in-luced by the geological report."