Skip to main content
S 1224 114th Congress Senate Energy Government information and archives Oil and gas Strategic materials and reserves

Condensate Act of 2015

Introduced: May 6, 2015 Introduced by: Murkowski, Lisa Republican · Alaska See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 19, 2015
Committee on Energy and Natural Resources. Hearings held. Hearings printed: S.Hrg. 114-118.
May 6, 2015
Read twice and referred to the Committee on Energy and Natural Resources.
May 6, 2015
Introduced in Senate
 Plain-English summary Congressional Research Service

Condensate Act of 2015

This bill requires the Department of Energy to develop a standard definition of the term "condensate" and, subsequently, advise relevant federal agencies to adopt that definition in order to clarify U.S. energy policy.

The Assistant Secretary for Fossil Energy may assess the suitability of condensate separately from crude oil for use in strategic reserves.

The Energy Information Administration must collect data concerning the chemical properties of domestically produced condensate and crude oil.

The Department of the Interior must assess condensate separately from crude oil.

The bill authorizes:

  • the Bureau of Ocean Energy Management to estimate condensate separately from crude oil as part of the resource assessments regarding domestic geological formations,
  • the Office of Natural Resources Revenue Data Collection to collect condensate data separately from crude oil, and
  • the United States Geological Survey to include estimates of condensate separately from crude oil as part of the resource assessments regarding domestic geological formations.

Congress declares that processed condensate is a petroleum product.

What's happening now May 19, 2015

Committee on Energy and Natural Resources. Hearings held. Hearings printed: S.Hrg. 114-118.

 Committees of jurisdiction 1