A bill to amend the Natural Gas Policy Act of 1978 to remove the price controls on certain natural gas produced after April 1981.

[AI summary unavailable — showing source text] Amends the Natural Gas Policy Act of 1978 to provide that, effective April, 1981, price controls for natural gas shall not apply to the sale of natural gas which is: (1) produced from any new well more than 2.5 miles from the nearest marker well; (2) subject to stated exceptions, produced from a reservoir from which natural gas was not produced before April, 1981, in commercial quantities; (3) high-cost natural gas; or (4) stripper well gas produced from a new well.…