§ 30-5-102 — Waste prohibited; power of commission to allocate allowable production

(a) The waste of oil and gas or either of them in the
state of Wyoming as in this act defined is hereby prohibited.
(b) Whenever in order to prevent waste the commission
limits the total amount of oil and gas which may be produced in
any pool in this state to an amount less than that amount which
the pool could produce if no restriction was imposed, the
commission shall allocate or distribute the allowable production
among the several wells or producing properties in the pool on a
reasonable basis, preventing or minimizing reasonably avoidable
drainage from each developed area not equalized by
counter-drainage, so that each property will have the
opportunity to produce or to receive its just and equitable
share, subject to the reasonable necessities for the prevention
of waste.