Nielson-True Partnership, True Oil Company, Tax Matters Partner - Page 8

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          utilized, unless such an interpretation will lead to absurd                 
          results.  See United States v. Locke, supra at 93, 95-96; United            
          States v. Merriam, 263 U.S. 179, 187 (1923); Lenz v.                        
          Commissioner, 101 T.C. 260, 265 (1993) (citing United States v.             
          American Trucking Associations, Inc., supra at 542-543).                    
               Our principal objective in interpreting any statute is to              
          determine Congress' intent in using the statutory language being            
          construed.  United States v. American Trucking Associations,                
          Inc., supra at 542; Helvering v. Stockholms Enskilda Bank, 293              
          U.S. 84, 93-94 (1934); General Signal Corp. v. Commissioner, 103            
          T.C. 216, 240 (1994).  In order to interpret Congress' intent               
          here, we must analyze section 29 and the NGPA section referenced            
          in section 29.                                                              
               With these general principles in mind, we consider the                 
          phrase "the determination of whether any gas is produced from               
          * * * a tight formation shall be made in accordance with section            
          503 of the Natural Gas Policy Act of 1978."6  Section 29 does not           

               6 This phrase appears in section 29(c) in the following                
          manner:                                                                     
               SEC. 29(c). Definition of Qualified Fuels.--For                        
               purposes of this section--                                             
                    (1)  In general.--The term "qualified fuels"                      
               means--                                                                
                         (A)  oil produced from shale and tar sands,                  
                         (B)  gas produced from--                                     
                                                             (continued...)           




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