The term “deepwater” means a water depth that is greater than 200 but less than 1,500 meters.
(2) Independent producer of oil or gas
(A) In general
The term “independent producer of oil or gas” means any person that produces oil or gas other than a person to whom subsection (c) ofsection
613A of title 26 does not apply by reason of paragraph (2) (relating to certain retailers) or paragraph (4) (relating to certain refiners) of section 613A(d) of such title.
(B) Rules for applying paragraphs (2) and (4) of section
For purposes of subparagraph (A), paragraphs (2) and (4) of section
613A(d) of title
26 shall be applied by substituting “calendar year” for “taxable year” each place it appears in such paragraphs.
(3) Program administration funds
The term “program administration funds” means funds used by the program consortium to administer the program under this part, but not to exceed 10 percent of the total funds allocated under paragraphs (1) through (3) of section
16378(d) of this title.
(4) Program consortium
The term “program consortium” means the consortium selected under section
16372(d) of this title.
(5) Program research funds
The term “program research funds” means funds awarded to research performers by the program consortium consistent with the annual plan.
(6) Remote or inconsequential
The term “remote or inconsequential” has the meaning given that term in regulations issued by the Office of Government Ethics under section
208(b)(2) of title
(7) Small producer
The term “small producer” means an entity organized under the laws of the United States with production levels of less than 1,000 barrels per day of oil equivalent.
The term “ultra-deepwater” means a water depth that is equal to or greater than 1,500 meters.
(9) Ultra-deepwater architecture
The term “ultra-deepwater architecture” means the integration of technologies for the exploration for, or production of, natural gas or other petroleum resources located at ultra-deepwater depths.
(10) Ultra-deepwater technology
The term “ultra-deepwater technology” means a discrete technology that is specially suited to address one or more challenges associated with the exploration for, or production of, natural gas or other petroleum resources located at ultra-deepwater depths.
(11) Unconventional natural gas and other petroleum resource
The term “unconventional natural gas and other petroleum resource” means natural gas and other petroleum resource located onshore in an economically inaccessible geological formation, including resources of small producers.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.