Finders Keepers? How the Law of Capture Shaped the World Oil Industry

• Main Author: Daintith, Terence
• Format: eBook
• Language: English
• Published: Oxford RFF Press, Earthscan LLC 2010; Taylor and Francis; Taylor & Francis Group; Routledge; RFF Press
• Edition: 1
• Subjects: Energy; Governance - Politics & International Relations; Law and legislation; Natural resources; Petroleum law and legislation; Continental Shelf; Correlative Rights; Maximum Ultimate Recovery; Unitization Scheme; Trinidad Lake Asphalt; Pac Bell Park; Oil Lands; ohio; Surface Owners; oil; Gas Oil Ratios; rights; Baseball Mitts; Mineral Leasing Act; La Bourboule; Mining Law; Production Sharing Contract; Voluntary Unitization; Unitization Agreements; Compulsory Unitization Statute; law; correlative; Federal Oil Conservation Board; Delimitation Agreements; Compulsory Unitization; drilling; mining; Ohio Oil; Mineral Water Industry; compulsory; Small Tract Owners; Competitive Drilling; unitization; competitive; Petroleum Law

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...