Unitization of Oil and Gas Fields in Texas

Author: Jacqueline Lang Weaver
Publisher: Routledge
ISBN: 1135987149
Format: PDF, Docs
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By 1985, every oil and gas-producing state but Texas had passed a 'unitization' statute requiring cooperation among the various owners of oil and gas reserves. Using interviews, legislative transcripts, and statistical data, Jacqualine Lang Weaver attempts to explain why Texas failed to enact such a statute – aimed at encouraging the most efficient recovery of resources – and how Texas has managed to achieve substantial unitization nonetheless. Originally published in 1986.

Bless the Pure and Humble

Author: Nicholas George Malavis
Publisher: Texas A&M University Press
ISBN: 9780890967140
Format: PDF, ePub, Mobi
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Nicholas George Malavis's well-reasoned and sophisticated study of the development of petroleum regulation offers historical and legal analysis of the basic issues affecting property rights and the public interest and traces the legal moves that shaped a new regulatory system centered around the Texas Railroad Commission. It provides a fascinating view of the multiple roles of lawyers in putting the new system in place as they worked for a variety of clients to resolve the serious conflicts plaguing the oil industry in its efforts to manage overproduction in the 1920s and 1930s. Access to the internal records of Vinson and Elkins has allowed Malavis to provide readers a rare view inside the world of lawyer-client relations. He describes how prominent attorney James Elkins and others applied their legal talents, negotiating skills, and political influence to fight for solutions to the problems that would help define the parameters of the new prorating system.

Finders Keepers

Author: Terence Daintith
Publisher: Earthscan
ISBN: 1936331764
Format: PDF, ePub
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Since the beginnings of the oil industry, production activity has been governed by the 'law of capture,' dictating that one owns the oil recovered from one's property even if it has migrated from under neighboring land. This 'finders keepers' principle has been excoriated by foreign critics as a 'law of the jungle' and identified by American commentators as the root cause of the enormous waste of oil and gas resulting from US production methods in the first half of the twentieth century. Yet while in almost every other country the law of capture is today of marginal significance, it continues in full vigour in the United States, with potentially wasteful results. In this richly documented account, Terence Daintith adopts a historical and comparative perspective to show how legal rules, technical knowledge (or the lack of it) and political ideas combined to shape attitudes and behavior in the business of oil production, leading to the original adoption of the law of capture, its consolidation in the United States, and its marginalization elsewhere.

Property Rights

Author: Terry L. Anderson
Publisher: Princeton University Press
ISBN: 9780691099989
Format: PDF, Mobi
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In the end, the book provides a fresh, comprehensive overview of an intriguing subject, accessible to anyone with a minimal background in economics. (An introductory chapter introduces the handful of assumptions embedded in the text's economics and law).