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43 Colum. J. Envtl. L. 335 (2018)
A Fracking Mess: Just Compensation for Regulatory Takings of Oil and Gas Property Rights

handle is hein.journals/cjel43 and id is 343 raw text is: A Fracking Mess: Just Compensation for Regulatory Takings of Oil and Gas Property Rights KevinJ. Lynch* I. Introduction............. ................... ..... 336 II. Property Rights in Oil and Gas.......... ................342 A. Fracking Overview. .......................... .....344 B. State Approaches to Property Rights in Oil and Gas.............348 C. Interests in Oil and Gas......................353 1. Oil and Gas Leases and Royalty Interests ............. 354 2. Severed Mineral Estate..........................356 III. Valuation of Takings Claims..................... 357 A. Theories ofJust Compensation ................ .....358 1. Fairness ........................................ 360 2. Efficiency. .............................. ...... 363 3. CalibratingJust Compensation .................... 366 4. Objective versus Subjective Valuation ......... ......... 369 B. Methods of ValuingJust Compensation ...............371 1. Valuation Methods in Regulatory Takings Cases............... 371 2. Valuation Methods in Fracking-Takings Cases .................. 375 C. Date of Valuation ........................... .....380 D. Takings Primer and Key Concepts ............. ......383 1. Regulatory Takings Law ..................... 384 2. Permanent Takings, Temporary Takings, and Indefinite Delays................................ 387 3. Offsetting Benefits ........................ ..... 390 IV. Valuing Fracking-Takings Claims.......... ..............391 A. Categorizing Fracking-Takings ................ ......392 * Assistant Professor, University of Denver Sturm College of Law. I would like to thank those who provided helpful feedback and comments on earlier drafts of this Article, particularly Alan Chen, Rebecca Aviel, Justin Pidot, Annecoos Wiersema, Nancy Leong, Bernard Chao, Viva Moffat, Rachel Moran, Michael Siebecker, Margaret Kwoka, Casey Faucon, Sam Kamin, Cksar Cuauht~moc Garcia Hermindez, and the participants of the 2018 Vermont Colloquium on Environmental Scholarship. 335

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