Real Estate & Property Law

Oklahoma Energy

By Alan Ackerman

Journal Record

When it comes to oil and gas production, the Oklahoma Corporation Commission is the agency in charge of regulation. The Oklahoma Department of Environmental Quality is in charge of regulating emissions and uses of carbon dioxide.

So who is in charge of regulation when energy companies use carbon dioxide to extract more out of oil and natural gas wells? What if an energy company branches into the carbon sequestration business, collecting carbon dioxide in empty wells? Both the state and the federal government are sorting through the issue as new technologies are expanding the number of lucrative uses for carbon dioxide. ...

-Even when a free market process is available, when it comes to gas storage or a new land use, every newspaper article comes to the point of simply using condemnation (eminent domain) as the way to obtain the property right. Why not let market forces apply?

Full post as published by National Eminent Domain Blog on November 05, 2008 (boomark / email).