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law of capture
(redirected from Rule of capture)

   Also found in: Wikipedia 0.01 sec.
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.



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Historically in the United States, the rule of capture allowed each owner in a common reservoir to exploit the common oil reservoir without liability to other owners.
As part of Lewis & Clark Law School's continuing celebration of the bicentennial of the Corps of Discovery's epic exploratory journey, the Oregon Law Institute and Lewis & Clark Law School hosted a symposium entitled the "The Rule of Capture and Its Consequences" on April 7-8, 2005 in Portland, Oregon.
 
 
 
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