Public Law 119-88 (05/04/2026)

42 U.S.C. § 6247b

Purchase of oil from marginal wells

(a)

In general

section 6246 of this titleFrom 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.

(b)

Definition of marginal well

section 613A(c)(6)(E) of title 26The term “marginal well” has the same meaning as the definition of “stripper well property” in .

Pub. L. 94–163, title I, § 169Pub. L. 106–469, title III, § 301(a)114 Stat. 2037 (, as added , , .)