<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>
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<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>
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<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>
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