... been made, scholarly or otherwise since 2002 to discuss the role that patents play in the oil and gas industry. This paper is a humble attempt to fill that void. Id., p. v. Sadly, from my many years of experience in the R&D field, Professor Gatlin was right. Petroleum engineers...

...), while the remaining equity owner partners (non-operators) have a less direct impact on operational decisions outside the contractual guidelines of the JOA. Thus, in practice, the operator has significantly more residual rights of control than the non-operator(s), even though all partners have equity...

... (particularly oil) with the loss of reserves inequitably distributed among the producers. In addition the waste of economic resources occurs in the form of unnecessary platforms and wells. In principle, waste from this "commonpool" problem can be eliminated by assigning production rights to a single operator...

... upstream oil & gas gamble downside rights drilling operation possible outcome utility function spe 11098 lottery probability assessment assumption exploratory drilling economic viability SPE 11098 SPE Society of PetN:lletJn ~ of A IME Risk, Stopping Rules, and the Economic Viability...

... those institutional factors that are embodied in each State's water rights system and in the "Law of the River" (i.e., an international treaty, interstate compacts, U.S. Supreme Court decrees, and acts of Congress governing the operation of Colorado River reservoirs). It must be recognized...

...- recovery. These laws have also provided latory area, effective methods for unitizing the means for State regulatory agencies to reservoirs are needed so that technology can fulfill their dual obligations of protecting be fully and effectively applied. Currently correlative rights and preventing waste...