2011 US Code
Title 42 - The Public Health and Welfare
Chapter 77 - ENERGY CONSERVATION (§§ 6201 - 6422)
Subchapter I - DOMESTIC SUPPLY AVAILABILITY (§§ 6211 - 6251)
Part B - Strategic Petroleum Reserve (§§ 6231 - 6247b)
Section 6247b - Purchase of oil from marginal wells
View Metadata| Publication Title | United States Code, 2006 Edition, Supplement 5, Title 42 - THE PUBLIC HEALTH AND WELFARE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 42 - THE PUBLIC HEALTH AND WELFARE CHAPTER 77 - ENERGY CONSERVATION SUBCHAPTER I - DOMESTIC SUPPLY AVAILABILITY Part B - Strategic Petroleum Reserve Sec. 6247b - Purchase of oil from marginal wells |
| Contains | section 6247b |
| Date | 2011 |
| Laws in Effect as of Date | January 3, 2012 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 94-163, title I, §169, as added Pub. L. 106-469, title III, §301(a), Nov. 9, 2000, 114 Stat. 2037. |
| Statutes at Large Reference | 114 Stat. 2037 |
| Public Law References | Public Law 94-163, Public Law 106-469 |
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From amounts authorized under section 6246 of this title, in any case in which the price of oil decreases to an amount less than $15.00 per barrel (an amount equal to the annual average well head price per barrel for all domestic crude oil), adjusted for inflation, the Secretary may purchase oil from a marginal well at $15.00 per barrel, adjusted for inflation.
(b) Definition of marginal wellThe term “marginal well” has the same meaning as the definition of “stripper well property” in section 613A(c)(6)(E) of title 26.
(Pub. L. 94–163, title I, §169, as added Pub. L. 106–469, title III, §301(a), Nov. 9, 2000, 114 Stat. 2037.)
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