Department of Energy crude oil producer price regulations: an overview and an update

Journal Article · Mon Jan 01 04:00:00 EST 1979 · Nat. Resour. Lawyer; (United States)

OSTI ID:5565029

Carroll, III, J V

Selected regulatory provisions and recent court decisions concerning crude-oil-producer price regulations are discussed, following a review of the history of wage and price controls. Current regulations under Subpart D of the Mandatory Petroleum Price Regulations involve property issues, stripper-well release exemptions, base production control levels (BPLC), and price determinations. New developments will phase out price controls by September 30, 1981, but price controls on newly discovered crude oil, upper-tier ceiling prices on crude oil from marginal properties, elimination of cumulative deficiencies, and BPLC decisions took effect on June 1, 1979. The provisions to exempt tertiary recovery projects from price controls as price incentives for enhanced recovery are described. Recent court cases have concerned the definitions of property and posted price, the constitutionality of the Energy Policy and Conservation Act, and the enforcement of remedial orders. An explanation is given of the decisions made in Jack W. Grigsby vs Department of Energy, Southern Union Production vs Federal Energy Administration, Energy Reserves Group, Inc. vs Federal Energy Administration, Mapco vs Carter, General Crude Oil Company vs Federal Energy Administration, and Tenneco Oil Co. vs Federal Energy Administration. 127 references. (DCK)

• Research Organization: Andrews, Kurth, Campbell and Jones, Houston, TX
• OSTI ID: 5565029
• Journal Information: Nat. Resour. Lawyer; (United States), Journal Name: Nat. Resour. Lawyer; (United States) Vol. 12:1; ISSN NRLAD
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
021000 -- Petroleum-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
294002* -- Energy Planning & Policy-- Petroleum
COURTS
ENERGY SOURCES
FINANCIAL INCENTIVES
FOSSIL FUELS
FUELS
LAWSUITS
NATIONAL ORGANIZATIONS
OWNERSHIP
PETROLEUM
PRICES
PRODUCTION
REGULATIONS
US DOE
US ORGANIZATIONS