The purpose of this chapter is to:
(1) foster, encourage, and promote the discovery, development, production, use, and disposal of geothermal resources for the purpose of electricity production in such manner as will prevent waste, protect correlative rights, and safeguard the natural environment and the public welfare; and
(2) authorize, encourage, and provide for the development and operation of geothermal resource properties for the purpose of electricity production in such manner that the maximum ultimate economic recovery of geothermal resources may be obtained through, among other things, agreements for cooperative development, production, injection, and pressure maintenance operations.