major oil company
Defined in 1 place of the United States Code.
The term “major oil company” means any person who, individually or together with any other person with respect to which such person has an affiliate relationship or significant ownership interest, produced during a prior 6–month period specified by the Secretary, an average daily volume of 1,600,000 barrels of crude oil, natural gas liquids equivalents, and natural gas equivalents.
Source
- 1994–present42 U.S.C. § 6213The Public Health and Welfare · Certain lease bidding arrangements prohibited · as used in this section