Transactions of the American Institute of Mining, Metallurgical and Petroleum Engineers Volume 25
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) ... Show synopsis This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1917 edition. Excerpt: ...whether there should not be some regulation, not one to hamper the companies, but some sort of regulation or provision so that an engineer placed in charge of the entire field should insist that the gas be taken out uniformly and scientifically to prevent any drowning by water., This seems to me a very important subject, as so many fields have been ruined by influx of water. Probably that, more than anything else, has caused the failure of so many of our good gas fields early in their history. We would presumably all agree that whatever laws be enacted, or whatever regulation be made, should be for the best interest of the companies, especially the public utility companies, because they are, as a rule, honestly doing their best to supply the people with gas, and my opinion is that no gas field, no matter how large it is, whether it be the central Ohio field, or one in Texas, should be operated by more than one company. In my mind, a gas field can be operated to best advantage and for the greatest good of a company and its consumers only i. the company is unrestricted in developing the particular field in which it is operating. In the gas business we may say, as opposed to our ideas in many lines of business, that we believe in monopoly. We know that the large gas companies understand their business, they know how to take out the gas, how to sell it, and most of them know what the rates should be. While we can wisely restrict them in certain particulars, we should allow them as much freedom as possible in developing the field for the best interests of the people. That, I think, has been done by the large gas companies which are operating in Pennsylvania, West Virginia, and Ohio, and which have generally developed their fields wisely, ..