S 792 · 96th Congress · Energy

High Water Cut Crude Oil Incentives Act of 1979

Introduced 1979-03-27· 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.(1979-03-27)

Plain Language Summary

[AI summary unavailable — showing source text] High Water Cut Crude Oil Incentives Act of 1979 - Amends the Emergency Petroleum Allocation Act of 1973 to allow the first sale of qualified high water cut 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 and in accordance with recognized conservation practices to qualify for such exemption.…

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