A bill to exempt from allocation and price regulations under the Emergency Petroleum Allocation Act of 1973 crude oil produced from deep stripper wells.

referredUnited States· United States Congress· EN

Introduced

20 March 1979

Last action

—

Status

Referred to House Committee on Interstate and Foreign Commerce.

Summary

Amends the Emergency Petroleum Allocation Act of 1973 to allow the first sale of deep stripper well crude oil to be exempt from price regulation under such Act. Requires a well to be producing at the maximum feasible rate throughout a 12-month period in order to qualify for such exemption.

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Documents

1 official file

Introduced in House
summary · EN · 20 March 1979
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/96th-congress/house-bill/3123
Open data entity: https://api.congress.gov/v3/bill/96/hr/3123