Papers - Unitization - Committee Reports - General Summary - By Unitization Committee
- Organization:
- The American Institute of Mining, Metallurgical, and Petroleum Engineers
- Pages:
- 6
- File Size:
- 293 KB
- Publication Date:
- Jan 1, 1930
Abstract
Unitization—in some form from simple agreements among operators to complete consolidation of ownerships—is a means of obviating the wastes of unrestrained competition among owners in extracting oil and gas from a common reservoir, as well as of adjusting its output to the current needs of its owners. It offers opportunity for application of improved production methods which are expected to increase recovery, decrease developing and operating costs, and assist in stabilizing output.
Citation
APA: (1930) Papers - Unitization - Committee Reports - General Summary - By Unitization Committee
MLA: Papers - Unitization - Committee Reports - General Summary - By Unitization Committee. The American Institute of Mining, Metallurgical, and Petroleum Engineers, 1930.