HR 3123 · 96th Congress · Energy

A bill to exempt from allocation and price regulations under the Emergency Petroleum Allocation Act of 1973 crude oil produced from deep stripper wells.

Introduced 1979-03-20· Sponsored by Rep. Watkins, Wes [D-OK-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Interstate and Foreign Commerce.(1979-03-20)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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