{"identifier":"/us/usc/t42/s6247b","title":42,"num":"\u00a7\u202f6247b.","heading":"Purchase of oil from marginal wells","text":"\u00a7\u202f6247b.\nPurchase of oil from marginal wells\n(a)\nIn general\nFrom amounts authorized under\nsection 6246 of this title\n(b)\nDefinition of marginal well\nThe term \u201cmarginal well\u201d has the same meaning as the definition of \u201cstripper well property\u201d in\nsection 613A(c)(6)(E) of title 26","url":"https://projectusc.org/usc/t42/s6247b.html","content":[{"t":"sec","id":"/us/usc/t42/s6247b","children":[{"t":"num","text":"\u00a7\u202f6247b."},{"t":"heading","text":"Purchase of oil from marginal wells"},{"t":"subsec","id":"/us/usc/t42/s6247b/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"In general"},{"t":"content","children":[{"t":"p","text":"From amounts authorized under ","children":[{"t":"ref","text":"section 6246 of this title","href":"/us/usc/t42/s6246","tail":", 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."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t42/s6247b/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Definition of marginal well"},{"t":"content","children":[{"t":"p","text":"The term \u201cmarginal well\u201d has the same meaning as the definition of \u201cstripper well property\u201d in ","children":[{"t":"ref","text":"section 613A(c)(6)(E) of title 26","href":"/us/usc/t26/s613A/c/6/E","tail":"."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"}]}]}