{"identifier":"/us/usc/t42/s6247b","title_num":"42","num":"§ 6247b.","heading":"Purchase of oil from marginal wells","status":null,"guid":"id7603db51-4aa7-11eb-94f5-9ff2c44f6f3c","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.)","seq_in_title":4751,"parent_identifier":"/us/usc/t42/ch77/schI/ptB","ancestors":[{"identifier":"/us/usc/t42","level":"title","num":"Title 42—","heading":"THE PUBLIC HEALTH AND WELFARE","status":null,"is_section":false},{"identifier":"/us/usc/t42/ch77","level":"chapter","num":"CHAPTER 77—","heading":"ENERGY CONSERVATION","status":null,"is_section":false},{"identifier":"/us/usc/t42/ch77/schI","level":"subchapter","num":"SUBCHAPTER I—","heading":"DOMESTIC SUPPLY AVAILABILITY","status":null,"is_section":false},{"identifier":"/us/usc/t42/ch77/schI/ptB","level":"part","num":"Part B—","heading":"Strategic Petroleum Reserve","status":null,"is_section":false}],"xml":"<section xmlns=\"http://xml.house.gov/schemas/uslm/1.0\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\" xmlns:dc=\"http://purl.org/dc/elements/1.1/\" xmlns:dcterms=\"http://purl.org/dc/terms/\" style=\"-uslm-lc:I80\" id=\"id8e07a637-86fb-11e9-b915-8b3e54686b9f\" identifier=\"/us/usc/t42/s6247b\"><num value=\"6247b\">§ 6247b.</num><heading> Purchase of oil from marginal wells</heading><subsection style=\"-uslm-lc:I19\" class=\"indent2 firstIndent-2\" id=\"id8e07a638-86fb-11e9-b915-8b3e54686b9f\" identifier=\"/us/usc/t42/s6247b/a\"><num value=\"a\" class=\"bold\">(a)</num><heading class=\"bold\"> In general</heading><content><p style=\"-uslm-lc:I11\" class=\"indent0\">From amounts authorized under <ref href=\"/us/usc/t42/s6246\">section 6246 of this title</ref>, 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.</p>\n</content>\n</subsection>\n<subsection style=\"-uslm-lc:I19\" class=\"indent2 firstIndent-2\" id=\"id8e07a639-86fb-11e9-b915-8b3e54686b9f\" identifier=\"/us/usc/t42/s6247b/b\"><num value=\"b\" class=\"bold\">(b)</num><heading class=\"bold\"> Definition of marginal well</heading><content><p style=\"-uslm-lc:I11\" class=\"indent0\">The term “marginal well” has the same meaning as the definition of “stripper well property” in <ref href=\"/us/usc/t26/s613A/c/6/E\">section 613A(c)(6)(E) of title 26</ref>.</p>\n</content>\n</subsection>\n<sourceCredit id=\"id8e07a63a-86fb-11e9-b915-8b3e54686b9f\">(<ref href=\"/us/pl/94/163/tI/s169\">Pub. L. 94–163, title I, § 169</ref>, as added <ref href=\"/us/pl/106/469/tIII/s301/a\">Pub. L. 106–469, title III, § 301(a)</ref>, <date date=\"2000-11-09\">Nov. 9, 2000</date>, <ref href=\"/us/stat/114/2037\">114 Stat. 2037</ref>.)</sourceCredit>\n</section>","provision":null,"duplicates":[],"release":{"label":"116-252","currency_date":"2020-12-22","congress":116,"law_num":252,"excluded_laws":[],"update_num":null,"seq":222,"is_partial":false,"caveat":null,"titles_affected":["18","20","31","34","40","42"],"ingested_titles":[]},"served_from":{"label":"116-252","currency_date":"2020-12-22","congress":116,"law_num":252,"excluded_laws":[],"update_num":null,"seq":222,"is_partial":false,"caveat":null,"titles_affected":["18","20","31","34","40","42"],"ingested_titles":[]},"content_first_seen":{"label":"116-19","currency_date":"2019-05-31","congress":116,"law_num":19,"excluded_laws":[],"update_num":null,"seq":174,"is_partial":false,"caveat":null,"titles_affected":["25","42"],"ingested_titles":[]},"is_exact":true,"note":null}