Secretary of State No.
OIL AND GAS CONSERVATION. INITIATIVE. Prohibits waste, defined as production methods which reduce maximum economic quantity of oil or gas ultimately recoverable by good engineering practices. Provides for unit operation of pools to increase ultimate recovery on agreement of lessors and lessees of three-fourths of pool. Creates California Oil and Gas Conservation Commission to prevent waste by any necessary or proper orders, including orders limiting production but only to extent necessary to prevent waste. Provides for well spacing. Provides for pooling of spacing units in new pools. Provides Commission's orders shall protect correlative rights. Provides for enforcement and administration.
Oil And Gas Conservation California Initiative 1956-o-1 (1956).