Sec. 169. purchase of oil from marginal wells
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## Sec. 169 purchase of oil from marginal wells ###
(a)In General From amounts authorized under section 166, 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)Definition of Marginal Well The term “**marginal well**” has the same meaning as the definition of “stripper well property” in section 613A(c)(6)(E) of the Internal Revenue Code (26 U.S.C. 613A(c)(6)(E)). **[**[42 U.S.C. 6247b](/us/usc/t42/s6247b)**]** ### Part C Authority To Contract for Petroleum Product Not Owned by the United States
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- 26 USC 613A(c)(6)(E)
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