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United States · Bill · S

S. 1709 (95th)

Crude Oil Pricing Reform Act

referredUnited States· United States Congress· EN

Introduced

16 June 1977

Last action

—

Status

Referred to Senate Committee on Energy and Natural Resources.

Sponsors

—

Subjects

Discovery layer

Source updated

24 March 2026

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Summary

Crude Oil Pricing Reform Act - Amends the Emergency Petroleum Allocation Act to exempt first sale prices of crude oil produced from (1) properties from which crude oil was first produced after May 31, 1977; (2) stripper wells, or deep stripper wells; and (3) tertiary enhanced recovery projects from pricing regulations under such Act. Stipulates that mandatory ceiling prices applicable to first sales of nonexempt crude oil shall be equal to the weighted average first sale price for exempt crude oil.

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1 official file

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