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Oil and gas development involves many configurations of property rights and regulations that exhibit certain characteristics of Garrett Hardin's tragedy of the commons and William Buzbee's regulatory commons. Numerous mineral owners have rights to drain oil and gas from shared underground...
Persistent link: https://www.econbiz.de/10013004739
As the hunt for important unconventional gas resources in America expands, an increasingly popular method of wringing resources from stubborn underground formations is a process called hydraulic fracturing – also described as hydrofracturing, fracking, or fracing – wherein fluids are pumped...
Persistent link: https://www.econbiz.de/10013038887
As technologies change and the scale of human activity grows, so, too, does the law. The surge of oil and gas production in the United States, spurred by hydraulic fracturing in shale formations, has fomented a sea change in oil and gas law, substantially infusing this area with more complex...
Persistent link: https://www.econbiz.de/10012833368