42 U.S.C. § 6247b — Purchase of oil from marginal wells

(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. 94–163, title I, § 169 , as added Pub. L. 106–469, title III, § 301(a) , Nov. 9, 2000 , 114 Stat. 2037 .)

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