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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 42 U.S.C. § 6247b Purchase of oil from marginal wells us united_states_code code_section 42 THE PUBLIC HEALTH AND WELFARE 77 ENERGY CONSERVATION 6247b 42 U.S.C. § 6247b current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc42@119-100.zip /us/usc/t42/s6247b data/legal/raw/us/code/title-42/usc42.xml 61dbdc54aa8cd8c81a97570a0dff14e080afb5046d8a7022bf7927d60a482eaa 644321055a08eb1f260a6a3e31ac157fa024756abf612a9fd6857e7e400cf24e 0c77e833ed19dfef3825f9d72bd274da18ee324247b61c9b33a1b85d657cf0c4 2026-07-04 official
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42 U.S.C. § 6247b - Purchase of oil from marginal wells

Text

(a) In general From amounts authorized under section 6246 of this title, 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.

(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.

(Pub. L. 94163, title I, § 169, as added Pub. L. 106469, title III, § 301(a), Nov. 9, 2000, 114 Stat. 2037.)