John B. O'Connor is a native of Augusta, 

 Georgia. He served in the United States Army 

 Signal Corps in France during World War I 

 and has been in the oil field equipment busi- 

 ness ever since. In addition to being President 

 of Dresser Industries, Inc., he is a member of 

 the Board of Directors of Dresser Industries, 

 Inc.; President of Bovaird & Seyfang Com- 

 pany; President of Ideco; Chairman of the 

 Board of Magnet Cove Barium Corporation; 

 and President of Security Engineering Com- 

 pany of Canada, Ltd. 



L. L. Payne graduated with a B.S. degree in 

 mechanical engineering from Rice Institute, 

 Houston, Texas, in 1930. He became a drafts- 

 man for Hughes Tool Company on a part- 

 time basis in June, 1929, and in the spring of 

 1931 he was transferred to West Texas, where 

 he served as a Division Engineer until Janu- 

 ary, 1940. At that time he was transferred to 

 the home office in Houston, Texas, and until 

 the latter part of 1943 was in charge of rock- 

 bit product design, standardization, and de- 

 velopment of new products. From 1943 to 

 1948 he was Assistant Chief Engineer, en- 

 gaged in product development of rock bits, 

 tool joints, core bits, and drill collars used in 



rotary drilling, as well as being responsible for administration of the department. 



Mr. Payne is now the Assistant Vice President of Engineering. 



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