Bill96th CongressFiled Mar 27, 1979Energy
S. 792
High Water Cut Crude Oil Incentives Act of 1979
Bill journey · stage 2 of 5
Under committee review
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Became LawLaw
What it doesSummary introduced in senate (Mar 27, 1979)
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.
What just happenedMar 27, 1979
Referred to Senate Committee on Energy and Natural Resources.
Who’s behind it
Sen. Bentsen, Lloyd M. [D-TX](D-TX)Sponsor
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- Mar 27, 1979IntroReferral
Referred to Senate Committee on Energy and Natural Resources.
Energy and Natural Resources Committee - Mar 27, 1979IntroReferral10000
Introduced in Senate