S 316 · 96th Congress · Energy

Deep Stripper Well Incentives Act of 1979

Introduced 1979-02-01· Sponsored by Sen. Bentsen, Lloyd M. [D-TX]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Energy and Natural Resources.(1979-02-01)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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

Cosponsors (2)

2 Democrats
Sen. Gravel, Mike [D-AK]
Sen. Boren, David L. [D-OK]