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By J. T. Duce

In viewing the petroleum world as a whole certain tendencies arc to he noted. The first of these is of a legal and political nature. It involves the nationalization of the oil industry; in some instances going into all its phases and in others with reference simply to production.

Jan 1, 1928

By H. J. Wasson

At the close of 1927 Venezuela was producing at the rate of 205,000 bbl, per day, making it the third country in the world in point of present daily production. For the year, the total was close to 64,000,000 bbl., representing an increase of about 70 per cent. over the 37,000,000 bbl. in round numbers produced in 1926. All of the 1927 production canie from fields opened up before the beginning of the year. While no new fields were added to the list of shippers, the past 12 months' wildcatting yielded a fair quota of new discoveries which, in the light of prcsent results, may be considered likely sources of production in due time. Altogether three such promising finds were made Of first importance, at least for the immediate future, is the completion by the Lago Petroleum Corpn. of the San Matins well, 4 miles north of the present edge of the Lagunillas field. Although rated as only a 125. bbl. well, at 3217 ft., it indicates a probable extension of the field over the intervening 4 miles between the two. The two other wildcat discoveries of importance were the Los Manueles well in the District of Colon, which has in all probability opened up a new field about 7 miles north of the present Tarra oprations; and the Honibre Pintado well of the Standard Oil Co. of Venezuela,. in the State of Falcon, which is considered to be a promising clc~vc~lop~ncnt. Neither of these last mentioned two discoveries will apprcciably affect production during 1928, as the Manueles area must await the carrying out of a general plan for the exploitation of the District of Colon, a problem requiring time. The Hombre Pintado area is being tested further, but doubtless several wells will be put down before. anything definite will be done towards making the pipe line. arrangements that rnust necessarily precede the commercial exploitation of the field. The San Matias Well The San Matias well is a highly significant dcvelopment,. It is located along the trend of the La Rosa-Ilagunillas producing formations, and when drilling started, production in the Lagunillas field was 4 miles

Jan 1, 1928

By B. B. Zavoico

There were no radical changes in the petroleum situation in the Russian Soviet Union during the 1926 to 1927 operating year. The developments of the previous year were continued, but the major undertakings were far from being completed. The pipe lines from Baku to Batum and from Grozny to Touapse, and the large refineries on the Black Sea are delayed in their completion by the insufficient authorizations; until their completion the changes in the general situation will be necessarily of a halfway nature. The marketing situation was subject to much controversy during the past year and, though certain statements are quite true, the bulk of the criticism against the petroleum industry hardly deserves mention. The home market in Russia is steadily growing, with the per capita kerosene consumption already exceeding the prewar figure and fuel oil consumption obviously gaining. The foreign trade is making rapid and well-grounded success, but continues to suffer from low world quotations. There is no apparent sacrifice of home consumers in favor of export trade. The production of all Russian fields increased by 13,750,000 bbl. as compared with the 1925 to 1926 operating year, and next year's program anticipates a further increase of 9,720,000 bbl. (Table 1). The increased and improved refining facilities will make the real gain in production in the next year even larger than these figures indicate.

Jan 1, 1928

LIMA (PERU) Established May, 1952 James S Young, Honorary Member of Section (Legion of Honor Member) Bernard T Colley, Honorary Member of Section (Legion of Honor Member) Edward H Robie, Honorary Member of Section (Secretary of AIME) Carl W Westphal, Chairman Ernesto A Baertl, 1st Vice-Chairman Pierre L Garrigue, 2nd Vice-Chairman Walter E King, Secretary-Treasurer Avenida Santa Cruz 331 San Isidro, Lima, Peru Daniel M Rodriguez, Assistant Secretary Alberto E Brazzini, Assistant Treasurer Robert P Koenig, Section Delegate Irving L Barker, Special Representative

Jan 1, 1954

LIMA, PERU Established May, 1952 (Official year begins in June) Luncheon meetings third Wednesday monthly Ernesto A Baertl, Chairman Arthur C Hall, Chairman-Elect Raymond R Beard, First Vice-Chairman Edgardo Portaro, Second Vice-Chairman Walter E King, Secretary-Treasurer Av Santa Cruz 331 San Isidro, Lima, Peru Alberto E Brazzini, Asst Treasurer Daniel M Rodriguez, Asst Secretary, '58, Section Delegate '58, Alternate Section Delegate

Jan 1, 1956

EASTERN VENEZUELA PETROLEUM Established December 15, 1954 Meets fourth Thursday each month at Chepa's Ice House in Anaco Glenn N Murchey, Chairman Jerome C Kearby, First Vice-Chairman J L Thompson, Second Vice-Chairman Thomas G Wall, Treasurer G J Clarke, Secretary Mene Grande Oil Co Apartado 3974 Caracas, Venezuela S K Wilkie, '58, Section Delegate

Jan 1, 1957

LIMA (PERU) Established May, 1952 (Official year begins in June) Luncheon meetings third Wednesday monthly Ernesto A Baertl, Chairman Arthur C Hall, Chairman-elect Raymond R Beard, 1st Vice-Chairman Edgardo Portaro, 2nd Vice-Chairman Walter E King, Secretary-Treasurer Av Santa Cruz 331 San Isidro, Lima, Peru Alberto E Brazzini, Asst Treasurer Daniel M Rodriguez, Asst Secretary Robert P Koenig, '56, Section Delegate Arthur C Hall, Alternate Section Delegate

Jan 1, 1955

CARACAS PETROLEUM Established February 24, 1957 Meets second Tuesday monthly W F Shelton, Chairman Homer N Mead, First Vice-Chairman Jose G Paez, Second Vice-Chairman T A Moore, Treasurer E A Moore, Secretary Cia Shell de Venezuela Apartado 809 Caracas. Venezuela

Jan 1, 1958

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