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Diagram as published by McKelvey in 1973 [1] Diagram as published by McKelvey in 1976 [2]. A McKelvey diagram or McKelvey box is a visual representation used to describe a natural resource such as a mineral or fossil fuel, based on the geologic certainty of its presence and its economic potential for recovery.
The Smackover Formation is a geologic formation that extends under parts of Arkansas, Louisiana, Texas, Alabama, Mississippi, and Florida. [1] It preserves fossils dating back to the Jurassic period. The formation is a relic of an ancient sea that left an extensive, porous, and permeable limestone geologic unit.
A Mineral Reserve includes diluting materials and allowances for losses that may occur when the material is mined. [3] Probable Mineral Reserve. A probable mineral reserve is the economically mineable part of an Indicated and, in some circumstances, a Measured Mineral Resource demonstrated by at least a Preliminary Feasibility Study.
There are several classification systems for the economic evaluation of mineral deposits worldwide. The most commonly used schemes base on the International Reporting Template, [1] developed by the CRIRSCO – Committee for Mineral Reserves International Reporting Standards, like the Australian Joint Ore Reserves Committee – JORC Code 2012, [2] the Pan-European Reserves & Resources Reporting ...
The Geological Survey of Arkansas was first established in 1857, at the direction of Governor Elias Nelson Conway. David Dale Owen was the agencies first geologist. Initially, the agency received funding for only three years, which limited the agencies findings and publications, and the agency was left without funding during the Civil War.
Arch Coal was formed in July 1997 through the merger of publicly traded Ashland Coal, Inc. and privately held Arch Mineral Corporation. Arch Mineral had its origins in 1969, when it was formed as a partnership between Ashland Oil (now Ashland Inc.) and the H.L.Hunt family of Dallas, Texas; Ashland Coal was formed in 1975 as a wholly owned subsidiary of Ashland Oil.
The Arkansas Museum of Natural Resources is a museum and Arkansas state park in Smackover, Arkansas, in the United States. The museum was formed in the 1980s to tell the history of the petroleum industry and later the brine industry as key economic movements spurred by natural resources in South Arkansas .
Mineral rights can be separate from property ownership (see Split estate). Mineral rights can refer to sedentary minerals that do not move below the Earth's surface or fluid minerals such as oil or natural gas. [1] There are three major types of mineral property: unified estate, severed or split estate, and fractional ownership of minerals. [1]