Foster, encourage and promote the exploration for and development, production and utilization and conservation of oil and gas resources;
Prohibit waste of oil and gas resources and unnecessary surface loss of oil and gas;
Encourage the maximum recovery of oil and gas; and
Safeguard, protect and enforce the correlative rights of operators and royalty owners in a pool of oil or gas to the end that each operator and royalty owner may obtain his just and equitable share and production from such pool of oil and gas.