ABSTRACT
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.
TABLE OF CONTENTS
part I|49 pages
The Setting of the Problem
part II|54 pages
The Economics of Petroleum Conservation
part III|116 pages
Evaluation of Conservation Regulation
part IV|26 pages
For the Future