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US CodeTitle 42Chapter 77§ 6247b

§ 6247b

Purchase of oil from marginal wells

42 U.S.C. § 6247b.
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Subchapter: DOMESTIC SUPPLY AVAILABILITY
((a)) ** In general** From amounts authorized under , 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.section 6246 of this title ((b)) ** Definition of marginal well** The term “marginal well” has the same meaning as the definition of “stripper well property” in .section 613A(c)(6)(E) of title 26

Release: pl-119-59 (2025-12-18)

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