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law of capture |
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law of capture Under this theory,a landowner does not own migratory substances (such as oil and gas) under the land but does have the exclusive right to drill for,produce,or in some other manner gain possession of the substances.Contrast with unitization. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| In New York, a decision rendered in 1942 adopted the following definition of the rule of capture:</p> <pre> Gas is produced under the law of capture so that in a competitive field it belongs to the producer who first gets it out of the ground. 30) See Wise, supra note 19, at 516-29 (tracing the law of capture through several centuries of English history). This symposium on the law of capture in celebration of the two hundredth anniversary of the Lewis and Clark expedition allows us the opportunity to consider the role of captives in the rule of capture in the Northwest, where much of the story of American exploration is set. |
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