The underground storage of natural gas which promotes conservation thereof, which permits the building of reserves for orderly withdrawal in periods of peak demand, which makes more readily available our natural gas resources to the domestic, commercial and industrial consumers of this state, and which provides a better year-round market to the various gas fields, is hereby declared to be in the public interest and welfare of this state and the citizens hereof.
History: 1953 Comp., § 65-9-1, enacted by Laws 1963, ch. 139, § 1.
ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — Rights and liabilities with respect to natural gas reduced to possession and subsequently stored in natural reservoir, 94 A.L.R.2d 543.
58 C.J.S. Mines and Minerals § 229.