Title: Unitization: a lesson in collective action from the oil industry for aquifer governance
Abstract: Unitization is the joint operation of oil or gas reservoirs by all the owners of rights in the separate tracts overlying the reservoirs. "Pooling" is sometimes referred to as unitization. Unitization as employed in the oil industry is designed to be collectively beneficial. Unitization of aquifers is a pro-market approach that could be used as one means to mitigate the inefficiency of a possession or use-based system of groundwater resources, minimize damage to the storage characteristics of aquifers, promote groundwater exploration and development in underutilized areas and prevent disputes instead of resolving conflicts over the utilization of aquifers.
Publication Year: 2011
Publication Date: 2011-09-01
Language: en
Type: article
Indexed In: ['crossref']
Access and Citation
Cited By Count: 8
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