Finders keepers? : how the law of capture shaped the world oil industry / Terence Daintith.

Format:

Book

Author/Creator:

Daintith, Terence, author.

Language:

English

Subjects (All):

Petroleum law and legislation.

Natural resources--Law and legislation.

Natural resources.

Physical Description:

1 online resource (521 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : RFF Press, 2010.

Language Note:

English

Summary:

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 continu

Contents:

FINDERS KEEPERS?; Copyright; CONTENTS; Figures and Tables; Preface and Acknowledgments; A Note on References, Weights, Measures, and Values; Part I: The Beginnings of the Rule of Capture in the United States; CHAPTER 1 The Rule of Capture: Naming and Blaming; CHAPTER 2 The Leading Cases and Their Legal Background; CHAPTER 3 Practice and Belief in the Early Petroleum Industry; Part II: Alternatives and Parallels; CHAPTER 4 The Mineral Water Industry in France: Protection and Competition; CHAPTER 5 Asphalt in Trinidad: Digging Your Neighbor's Pitch

CHAPTER 6 America's Early Oil Rivals: Petroleum and Property Rights in Galicia, Romania, and RussiaPart III: Modified Capture: The United States in the Twentieth Century; CHAPTER 7 Correlative Rights and the Beginnings of Conservation; CHAPTER 8 Oil and Gas in the Public Lands; CHAPTER 9 Conservation Regulation and the Institutionalization of Capture; Part IV: Evading Capture?; CHAPTER 10 Securing Unified National Control of Petroleum Resources; CHAPTER 11 Capture Revivified? Competitive Acreage Allocation by Governments

CHAPTER 12 The Cross-Boundary Petroleum Deposit as a Federal and International IssuePart V: Conclusion; CHAPTER 13 The Least Worst Property Rule?; References; Index; About the Author

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

1-136-52283-2

1-136-52284-0

1-282-78998-8

9786612789984

1-936331-76-4

9781936331765

OCLC:

669503092