Sec. 3. Definitions
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In this Act: The term basin means a geologic province (as defined by the American Association of Petroleum Geologists). The term empirically determined means determined through the collection of sufficient data in situ, including measurement on the ground or by drone, airplane, or satellite, for the purpose of accurately estimating the quantity of methane emissions from a basin. The term methane means a chemical compound with the chemical formula CH 4 . The term methane emission means the release of methane from the extraction, production, gathering, processing, compression, transmission, or storage of— oil; or natural gas.
The term methane fee factor means the amount calculated under section 4(b)(2)(D) for the applicable calendar year. The term natural gas has the meaning given the term in section 3 of the Deepwater Port Act of 1974 ( 33 U.S.C. 1502 ). The term oil has the meaning given the term in section 3 of the Deepwater Port Act of 1974 ( 33 U.S.C. 1502 ). The term percentage of volume lost to the atmosphere means, for any 1 company with respect to any 1 basin— for companies that use the fee calculated under section 4(b)(2)(B)(i), the percentage determined for the basin under the program established under section 4(a); and for companies that use the fee calculated under clause
(iii)of section 4(b)(2)(C), the quotient obtained by dividing— the methane emissions in the basin during the applicable calendar year, as determined by the company using a protocol validated by the Secretary under clause
(ii)of that section; by the total quantity of natural gas produced, gathered, processed, transmitted, or released and lost to the atmosphere by the company in the basin during the applicable calendar year, as determined by the company using a protocol validated by the Secretary under clause
(ii)of that section. The term Secretary means the Secretary of the Treasury.
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U.S. Code