ID H0052

Idaho ratifies and adopts the Interstate Compact to Conserve Oil and Gas, originally executed in Dallas, Texas on February 16, 1935, and extended with congressional consent to September 1, 1947

States party to the compact must enact laws preventing physical waste of oil and gas, including inefficient well operations, water drowning of productive strata, wasteful gas burning, fire hazards, and improper reservoir energy use

Each state must deny access to commerce for oil produced in violation of its conservation statutes and impose stringent penalties for waste of oil or gas

The compact does not authorize states to limit production for price stabilization, create monopolies, or engage in regimentation, but is limited to conservation and preventing avoidable waste

Idaho's governor must appoint one representative to the Interstate Oil Compact Commission and may withdraw Idaho from the compact upon 60 days' notice if determined to be in the state's best interest