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Marginal Well Preservation Act of 2001

Introduced: February 28, 2001 See on congress.gov
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 28, 2001
Referred to the House Committee on Ways and Means.
Feb 28, 2001
Introduced in House
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 Plain-English summary Congressional Research Service
Independent Energy Production Act of 2001 - Marginal Well Preservation Act of 2001 - Amends the Internal Revenue Code to set forth provisions relating to domestic oil and gas production which: (1) establish a credit for producing oil and gas from marginal wells; and (2) permit a taxpayer to expense geological and geophysical expenditures and to delay rental payments in connection with oil and gas development.

Permits a five-year net operating loss carryback for losses attributable to operating mineral interests of independent oil and gas producers.

What's happening now February 28, 2001

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Republican 3
R
Lucas, Frank D.
Oklahoma · Feb 28, 2001
 R
Moran, Jerry
Kansas · Feb 28, 2001
 R
Sessions, Pete
Texas · Feb 28, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 805: Independent Energy Production Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-HR-805/
MLA
"H.R. 805: Independent Energy Production Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-805/.
Bluebook (legal)
H.R. 805, 107th Cong. (2026), https://openamerica.io/bill/107-HR-805/.
Markdown link
[H.R. 805: Independent Energy Production Act of 2001](https://openamerica.io/bill/107-HR-805/)
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