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U.S. Department of Energy
Office of Scientific and Technical Information

Stripper oil miscertification. Hearing before the Subcommittee on Oversight and Investigations of the Committee on Interstate and Foreign Commerce, House of Representatives, Ninety-Sixth Congress, Second session, April 18, 1980

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OSTI ID:6646913
There is a discrepancy between stripper oil (defined as a well producing less than 10 barrels of oil per day over the period of a year), and the same well with enhanced recovery bringing a larger level of production. A good amount of oil if not declined to the stripper category would sell at $6 a barrel, and if it does decline to the stripper it may sell at $36. Therefore, there is considerable incentive for misclassification. Production and refinery receipts were compared to show the problem. (DP)
OSTI ID:
6646913
Country of Publication:
United States
Language:
English