50 U.S.C. § 167i : US Code - Section 167I: Exclusion from Natural Gas Act provisions

Search 50 U.S.C. § 167i : US Code - Section 167I: Exclusion from Natural Gas Act provisions

The provisions of the Natural Gas Act of June 21, 1938, as
amended [15 U.S.C. 717 et seq.], shall not be applicable to the
sale, extraction, processing, transportation, or storage of helium
either prior to or subsequent to the separation of such helium from
the natural gas with which it is commingled, whether or not the
provisions of such Act apply to such natural gas, and in
determining the rates of a natural gas company under sections 4 and
5 of the Natural Gas Act, as amended [15 U.S.C. 717c, 717d],
whenever helium is extracted from helium-bearing natural gas, there
shall be excluded (1) all income received from the sale of helium;
(2) all direct costs incurred in the extraction, processing,
compression, transportation or storage of helium; and (3) that
portion of joint costs of exploration, production, gathering,
extraction, processing, compression, transportation or storage
divided and allocated to helium on a volumetric basis.