Natural Gas Production, Utilization, and Conservation Act

[AI summary unavailable — showing source text] Natural Gas Production, Utilization, and Conservation Act - Title I: Removal of Artificial Impediments on Natural Gas Usage - Repeals the Powerplant and Industrial Fuel Use Act of 1978. Terminates the incremental pricing requirements of the Natural Gas Policy Act of 1978 (the Act). Repeals provisions of the Public Utility Regulatory Policies Act of 1978 relating to retail policies for natural gas utilities. Title II: Incentives for Increased Natural Gas Production - Provides that the provisions of the Act respecting the maximum lawful price for any first sale (a sale to a pipeline or other distributor) of natural gas produced from a well shall not apply if: (1) surface drilling began on or after January 1, 1983; and (2) a license or other proper form of authorization was issued with respect to drilling the well. Sets forth ceiling prices for certain pre-1983 wells. Prohibits the importation of natural gas unless the import price is not above the qualified import price (as defined by this Act). Provides for the decontrol of all first sales of natural gas, effective January 1, 1985. Repeals standby price control authority. Provides that effective January 1, 1985, provisions of the Na…