Natural Gas Wellhead Decontrol Act of 1989

Natural Gas Wellhead Decontrol Act
Long titleNatural Gas Wellhead Decontrol Act of 1989
Enacted bythe 101st United States Congress
Legislative history

The Natural Gas Wellhead Decontrol Act of 1989 (NGWDA) is an act that amends the Natural Gas Policy Act of 1978 to declare that the price guidelines for the first sale of natural gas do not apply to:

  1. Expired, terminated, or post-enactment contracts executed after the date of enactment of this Act; and
  2. Certain renegotiated contracts.

It would initiate decontrols as of May 15, 1991, for natural gas produced from newly spudded wells. It permanently repealed wellhead price controls beginning on January 1, 1993.

By means of Senate bill 783, the NGWDA was amended to eliminate wellhead price and nonprice controls on the first sale of natural gas, and to make technical and conforming amendments to the NGWDA. The bill describes interim elimination of lawful prices and makes permanent elimination of wellhead price controls effective on January 1, 1993.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.