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(Solved): Unitization \& Rule of Capture - A). Explain the rule of capture in oil and gas law (refer back to ...
Unitization \& Rule of Capture - A). Explain the rule of capture in oil and gas law (refer back to Barnard v. Monongahela). Is it any different from rules of capture we've discussed in this class prior? (10pts) - B). What is unitization of a petroleum reservoir and what benefits does it provide over rule of capture for crude oil and natural gas? (10pts) - C). Why historically has it been difficult to form unit contracts for petroleum reservoirs? Provide an economic explanation. (10pts)
Expert Answer
1.Introduction Under Pennsylvania regulation, oil and gas assets are dependent upon the 'rule of catch,' which allows a proprietor to remove oil and gas in any event, when extraction drains a solitary oil or gas supply lying underneath the connecting