Condensate Act of 2015
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in senate (May 6, 2015)
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 just happenedMay 19, 2015
Committee on Energy and Natural Resources. Hearings held.
Who’s behind it
- Introduced in SenateMay 6, 2015
- May 19, 2015Committee
Committee on Energy and Natural Resources. Hearings held.
Energy and Natural Resources Committee - May 6, 2015IntroReferral
Read twice and referred to the Committee on Energy and Natural Resources.
Energy and Natural Resources Committee - May 6, 2015IntroReferral10000
Introduced in Senate