N.Y. Comp. Codes R. & Regs. tit. 6 § 550.1

Current through Register Vol. 46, No. 45, November 2, 2024

Section 550.1 - Policy

The Department of Environmental Conservation, having been entrusted with the basic responsibility for administering to and regulating activities relative to the natural resources of oil and gas within the State, does hereby promulgate the following rules and regulations. These have been formulated after consultation with landowners, producers and other interested persons involved and a public hearing relative thereto. The rules have as their objectives:

(a) the fostering, encouragement and promotion of the development, production and utilization of the natural resources of oil and gas in such a manner as will prevent waste;

(b) the operation and development of oil and gas properties in such a manner that a greater ultimate recovery of oil and gas may be had;

(c) full protection of the correlative rights of all owners and the rights of all persons, including landowners and the general public;

(d) similar provisions for the underground storage of gas.

N.Y. Comp. Codes R. & Regs. Tit. 6 § 550.1