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.

References in periodicals archive ?
regulating or abrogating in a measure the law of capture.
Gas is produced under the law of capture so that in a competitive
held:</p> <pre> The law of capture under which oil and
must be considered in connection with the law of capture and is subject
the law of capture (or sometimes the law of unfair competition) create a
This symposium on the law of capture in celebration
Should this amendment survive the Congressional process, the entire natural gas market in Texas would enter into a state of disarray as the producing industry would inevitably return to the discredited law of capture," said TIPRO President Thomas D.