Public Lands: Elk Hills Naval Petroleum Reserve- Unitization: Valuation of Reserves

摘要

This case is the latest iteration regarding the resolution of valuation issuer impacting congressional mandates leading to the disposition of the hydrocarbon resources within the Elk Hills Naval Petroleum Reserve. Chevron USA., Inc. v. United States, 71 Fed. Cl. 236,464 G.&G.R. 65642006); Chevron U.S.A., Inc. v. United States, 72 Fed. Cl. 366,164 O.&G.R. 742 (2006); Chevron U.SA., Inc. v. United States, 76 Fed. Cl. 442,164 O.&G.R. 747 (2006);Chevmn USA., Inc. v. United States, 80 Fed. Cl. 340 (2008),'rev'd, 2008 U.S. App. LEXIS 27529 (Fed. Cir. Mar. 31,2008); Chevron U.SA., Inc. v. United States, 83 Fed. CI, 195 (2008). In order to understand the court's decision' tn this lease, it is important to know the history ?of Elk Hills. In 1912, President Taft withdrew substantial acreage in-Wyoming and Calrforftia to create naval petroleum reserves.