petroleum conservation law

petroleum-conservation law. Oil & gas. A state law that limits the rule of capture and defines the correlative-rights doctrine by regulating the drilling and operation of oil-and-gas wells. • Petroleum-conservation laws are intended to prevent waste and protect correlative rights.

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词条贡献者

译者Gloria，毕业于法国顶尖的高级翻译学院，擅长翻译各种与企业设立相关的法律文件。