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2019 US Code
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
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| 42 U.S.C. § 6247b (2019) |
| §6247b. Purchase of oil from marginal wells |
|
(a) In general
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. |
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(Pub. L. 94–163, title I, §169, as added Pub. L. 106–469, title III, §301(a), Nov. 9, 2000, 114 Stat. 2037.) |
| United States Code, 2018 Edition, Supplement 1, Title 42 - THE PUBLIC HEALTH AND WELFARE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| 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 |
| section 6247b |
| 2019 |
| January 24, 2020 |
| No |
| standard |
| 114 Stat. 2037 |
| Public Law 94-163, Public Law 106-469 |
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