Interstate Compact on Oil and Gas (10th Extension): Hearing Before the Subcommittee on Communications and Power ... Nintieth Congress, First Session, on H.R. 6737 and H.R. 5757 ... April 18, 1967
United States. Congress. House. Committee on Interstate and Foreign Commerce. Subcommittee on Communications and Power
U.S. Government Printing Office, 1967 - Natural gas - 126 pages
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action activities agency amount appears Attest Attorney barrels basis bill BYRD Chairman committee common compact to conserve competition completed concern CONGRESS THE LIBRARY consent conserve oil considerable continued cost crude oil Department direct domestic drilling economic effective effort established extension facilities Federal field flow Government Governor Dated important incentive increase independent individual industry integrated companies Interior Interstate Compact Interstate Oil Compact laws less LIBRARY OF CONGRESS limited MACDONALD meeting Michigan natural necessary objection oil and gas Oil Compact Commission oil production operations particularly percent period petroleum physical pipeline Power practices present pressure problems production profit purchaser question recommendations refinery refining regulation renewal Representatives requirements resolution responsibility SEAL Secretary September share shipment SIMMONS sources statutes Subcommittee substantial supply Texas tion transport United usually Washington waste
Page 8 - It is not the purpose of this compact to authorize the states joining herein to limit the production of oil or gas for the purpose of stabilizing or fixing the price thereof, or create or perpetuate monopoly, or to promote regimentation, but it is limited to the purpose of conserving oil and gas and preventing the avoidable waste thereof within reasonable limitations.
Page 2 - Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the consent of Congress is hereby given to...
Page 3 - Each state bound hereby agrees that it will, within a reasonable time, enact statutes, or if such statutes have been enacted then that it will continue the same in force, providing in effect that oil produced in violation of its valid oil and/or gas conservation statutes or any valid rule, order or regulation promulgated thereunder, shall be denied access to commerce; and providing for stringent penalties for the waste of either oil or gas.
Page 3 - September 1, 1937, but any state joining herein may, upon sixty (60) days notice, withdraw herefrom. The representatives of the signatory states have signed this agreement in a single original which shall be deposited in the archives of the Department of State of the United States, and a duly certified copy shall be forwarded to the Governor of each of the signatory states. This compact shall become effective when ratified and approved as provided in Article I. Any oil-producing state may become...
Page 2 - Alabama, Alaska, Arizona, Arkansas, Colorado, Florida, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Mississippi, Montana, Nebraska, Nevada, New Mexico, New York, North Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, Tennessee, Texas, Utah, West Virginia, and Wyoming.
Page 4 - ARTICLE VIII This compact shall expire September 1, 1937, but any state joining herein may upon sixty (60) days' notice withdraw herefrom. The representatives of the signatory states have signed this agreement in a single original which shall be deposited in the archives of the Department of State of the United States, and a duly certified copy shall be forwarded to the Governor of each of the signatory states.
Page 3 - IN WITNESS WHEREOF, the Commissioners have signed this compact in a single original, which shall be deposited in the archives of the Department of State of the United States of America and of which a duly certified copy shall be forwarded to the Governor of each of the signatory States.
Page 2 - The drilling, equipping, locating, spacing or operating of a well or wells so as to bring about physical waste of oil or gas or loss in the ultimate recovery thereof.
Page 113 - The duty of the said commission shall be to make inquiry and ascertain from time to time such methods, practices, circumstances and conditions as may be disclosed for bringing about the conservation and the prevention of the depletion and physical waste of the fisheries, marine, shell and anadromous, of the Atlantic seaboard.