Title 42, The Public Health and WelfareRelease 119-102
§6247b Purchase of Oil From Marginal Wells
Title 42 › CHAPTER 77 — ENERGY CONSERVATION › SUBCHAPTER I — DOMESTIC SUPPLY AVAILABILITY › Part B — Strategic Petroleum Reserve › § 6247b
Full Legal Text
Title 42, §6247b
The Public Health and Welfare, Source: USLM XML via OLRC
(a)From amounts authorized under section 6246 of this title, in any case in which the price of oil decreases to an amount less than $15.00 per barrel (an amount equal to the annual average well head price per barrel for all domestic crude oil), adjusted for inflation, the Secretary may purchase oil from a marginal well at $15.00 per barrel, adjusted for inflation.
(b)The term “marginal well” has the same meaning as the definition of “stripper well property” in section 613A(c)(6)(E) of title 26.
Reference
Citations & Metadata
Citation
42 U.S.C. § 6247b
Title 42, The Public Health and Welfare
Last Updated
Aug 21, 2026
Release point: 119-102