The House also amended the legislation to give the Energy secretary the discretion to purchase oil at $ 15 a barrel from small-scale stripper wells when world oil prices drop below that level.
22.
The House also amended the legislation to give the energy secretary the discretion to purchase oil at $ 15 a barrel from small-scale stripper wells when world oil prices drop below that level.
23.
He serves on the Boards of Directors of National Stripper Well Association and has served previously on the Boards of the Texas Alliance of Energy Producers, and the Oil information Library of Fort Worth.
24.
They draw more of their revenues on older and less productive " stripper wells " _ those producing 15 barrels of oil per day or less _ and are less able to borrow huge sums for capital operations.
25.
Mike Elyea of Wichita Falls, president of the North Texas Oil & Gas Association, noted that so-called " stripper wells, " those producing 15 barrels of oil or less per day, are likely to be capped during the next year because they are no longer profitable.
26.
Mike Elyea of Wichita Falls, president of the North Texas Oil & AMP; Gas Association, noted that so-called " stripper wells, " those producing 15 barrels of oil or less per day, are likely to be capped during the next year because they are no longer profitable.
27.
The price of oil has, in fact, averaged about $ 25 a barrel this year, and the last three years of relatively high crude oil prices _ thanks largely to OPEC's management of global supplies _ brought slightly more stripper wells on line in 2001, including two that Caldwell drilled.
28.
He is the President of the Keener Oil & Gas Company, the successor to a family business previously run by his father, and has served as the chairman of the Oklahoma Energy Resources Board and the National Stripper Well Association, as well as a member of the board of the Oklahoma Turnpike Authority.
29.
In the Senate, which has yet to take up the energy and water spending bill, Energy Committee Chairman Frank Murkowski, R-Alaska, and Majority Leader Trent Lott, R-Miss ., were pushing an energy package that, like the House-passed measure, would reauthorize the Strategic Petroleum Reserve, create a home heating oil reserve and encourage stripper well production.
