A bill to provide price incentives for production of crude oil from deep stripper wells.
Deep Stripper Well Incentives Act of 1979 - Amends the Emergency Petroleum Allocation Act of 1973 to allow the first sale of deep stripper well crude oil to be exempt from price regulation under such Act. Requires a well to be producing at the maximum feasible rate throughout a 12-month period in order to qualify for such exemption.
Referred to Senate Committee on Energy and Natural Resources.
Introduced in House
Introduced in House
Referred to House Committee on Interstate and Foreign Commerce.
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