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Contains the laws of the United States, twenty-four states and Alberta, Canada.
The author develops an economic framework for analyzing state regulation of oil and gas and concludes that existing regulations fall short of assuring optimum well spacing, production rates, use of associated gas, and exploration. Originally published in 1971.
The Petroleum and Natural Gas Conservation Board, created by the Alberta government in 1938, ensured that the province's petroleum resources were utilized in a manner that protected the long-term public interest.