Book Description

Nicholas George Malavis's well-reasoned and sophisticated study of the development of petroleum regulation offers historical and legal analysis of the basic issues affecting property rights and the public interest and traces the legal moves that shaped a new regulatory system centered around the Texas Railroad Commission. It provides a fascinating view of the multiple roles of lawyers in putting the new system in place as they worked for a variety of clients to resolve the serious conflicts plaguing the oil industry in its efforts to manage overproduction in the 1920s and 1930s. Access to the internal records of Vinson and Elkins has allowed Malavis to provide readers a rare view inside the world of lawyer-client relations. He describes how prominent attorney James Elkins and others applied their legal talents, negotiating skills, and political influence to fight for solutions to the problems that would help define the parameters of the new prorating system.