Page:United States Statutes at Large Volume 103 Part 1.djvu/185

 PUBLIC LAW 101-60 —JULY 26, 1989 103 STAT. 157 Public Law 101-60 101st Congress An Act To amend the Natural Gas Policy Act of 1978 to eliminate wellhead price and J^^y 26 1989 nonprice controls on the first sale of natural gas, and to make technical and —rWR 17991— conforming amendments to such Act. Irl.K. J Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, Natural Gas Wellhead SECTION 1. SHORT TITLE. Decontrol Act of 1989. This Act may be cited as the "Natural Gas Wellhead Decontrol 15 USC 3301 Act of 1989". note. SEC. 2. DEREGULATION OF FIRST SALES OF NATURAL GAS. (a) INTERIM EUMINATION OF CERTAIN MAXIMUM LAWFUL PRICES.— Section 121 of the Natural Gas Policy Act of 1978 (15 U.S.C. 3331) is amended by adding at the end the following new subsection: "(f) ADDITIONAL DECONTROL. —The provisions of subtitle A respect- ing the maximum lawful price for a first sale of natural gas shall cease to apply to natural gas described in paragraphs (1), (2), (3), and (4), as follows: "(1) EXPIRED, TERMINATED, OR POST-ENACTMENT CONTRACTS. — In the case of natural gas to which no first sale contract applies on the date of enactment of the Natural Gas Wellhead Decon- trol Act of 1989, subtitle A shall not apply to any first sale of such natural gas delivered on or after the first day after such date of enactment. "(2) EXPIRING OR TERMINATING CONTRACTS. — In the case of natural gas to which a first sale contract applies on the date of enactment of the Natural Gas Wellhead Decontrol Act of 1989, but to which such contract ceases to apply after such date of enactment, subtitle A shall not apply to any first sale of such natural gas delivered after such contract ceases to apply. "(3) CERTAIN RENEGOTIATED CONTRACTS. — In the case of natu- ral gas to which a first sale contract applies on the date of enactment of the Natural Gas Wellhead Decontrol Act of 1989, where the parties have expressly agreed in writing after March 23, 1989, that all or part of the gas sold under such contract shall not be subject to any maximum lawful price under subtitle A after a specified date, subtitle A shall not apply to any first sale of the natural gas subject to such express agreement deliv- ered on or after the date so specified, except that subtitle A shall not cease to apply to any such natural gas pursuant to this paragraph before the date of enactment of the Natural Gas Wellhead Decontrol Act of 1989. "(4) NEWLY SPUDDED WELLS.—In the case of natural gas pro- duced from a well the surface drilling of which began after the date of enactment of the Natural Gas Wellhead Decontrol Act of 1989, subtitle A shall not apply to any first sale of such natural gas delivered on or after May 15, 1991.

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