HR 11742 · 93th Congress · Petroleum industry

A bill to encourage drilling and prospecting for oil and natural gas in land not known to be productive of oil and natural gas.

Introduced 1973-12-03· Sponsored by Rep. Johnson, Albert W. [R-PA-23]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Interior and Insular Affairs.(1973-12-03)

Plain Language Summary

[AI summary unavailable — showing source text] Authorizes the Secretary of the Interior to pay to any eligible oil well driller an amount equal to one-half of the intangible drilling and development costs of a nonproductive wildcat oil or natural gas well, not to exceed $25,000 in the case of any one well, in lands not known to be productive of oil and natural gas.…

Summarized by Claude AI · Non-partisan · For informational purposes only