A compact between oil-producing states negotiated and approved by Congress in 1935, the purpose of which is the conservation of oil and gas by the prevention of waste. The Compact provides no power to coerce but relies on voluntary agreement to accomplish its objectives. Originally, there were six states as members; today, there are nearly 30.

The following video provides you with the correct English pronunciation of the word "INTERSTATE OIL COMPACT", to help you become a better English speaker.