Page:United States Statutes at Large Volume 53 Part 2.djvu/596

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1072 PUBLIC LAWS-CH. 337-JULY 20, 1939 [53 STA|T. Texas, California, and New Mexico, and thereafter recommended for ratification by the representatives of the States of Arkansas, Colorado, Illinois, Kansas, and Michigan, and subsequently ratified by the States of New Mexico, Kansas, Oklahoma, Illinois, Colorado, and Texas, which said compact was deposited in the Department of State of the United States, and thereafter such compact was, by the President, presented to the Congress and the Congress gave consent to such compact by H. J. Res. 407, approved August 27, 1935 (Public 49Stat. 3o. Resolution Numbered 64, Seventy-fourth Congress), and which said compact was thereafter extended and renewed for a period of two years from September 1, 1937, by an agreement executed in New Orleans, Louisiana, the 10th day of May 1937, by the representatives of the States of Oklahoma, Texas, Kansas, and New Mexico, and was duly ratified by the States of Oklahoma, Texas, Kansas, New Mexico, Illinois, and Colorado, and was deposited in the Department of State of the United States, and thereafter such extended and renewed compact was, by the President, presented to the Congress and the Congress gave consent to such extended and renewed com- pact by S. J. Res. 183, approved August 10, 1937 (Public Resolution sOstat.617. Numbered 57, Seventy-fifth Congress). The extended and renewed compact, dated the 5th day of April 1939, duly executed by the representatives of the States of Oklahoma, Texas, Kansas, New Mexico, Colorado, and Michigan, and duly authorized and ratified by the said States of Oklahoma, Texas, Kansas, New Mexico, Colorado, and Michigan, and which extended and renewed compact has been deposited in the Department of State of Textofcompact. the United States, reads as follows: "AN AGREEMENT TO EXTEND THE INTERSTATE COMPACT TO CONSERVE OIL AND GAS "Whereas, on the 16th day of February 1935, in the city of Dallas, Texas, there was executed 'An interstate compact to conserve oil and gas' which was thereafter formally ratified and approved by the States of Oklahoma, Texas, New Mexico, Illinois, Colorado, and Kansas, the original of which is now on deposit with the Department of State of the United States, a true copy of which follows: "AN INTERSTATE COMPACT TO CONSERVE OIL AND GAS "ARTICLE I "This agreement may become effective within any compacting State at any time as prescribed by that State, and shall become effective within those States ratifying it whenever any three of the States of Texas, Oklahoma, California, Kansas, and New Mexico have ratified and Congress has given its consent. Any oil-producing State may become a party hereto as hereinafter provided. "ARTICLE II "The purpose of this compact is to conserve oil and gas by the prevention of physical waste thereof from any cause. "ARTICLE III "Each State bound hereby agrees that within a reasonable time it will enact laws, or if laws have been enacted, then it agrees to con- tinue the same in force, to accomplish within reasonable limits the prevention of: "(a) The operation of any oil well with an inefficient gas-oil ratio. " (b) The drowning with water of any stratum capable of produc- ing oil or gas, or both oil and gas in paying quantities.