43 C.F.R. § 3104.4   Unit operator's bond.


Title 43 - Public Lands: Interior


Title 43: Public Lands: Interior
PART 3100—OIL AND GAS LEASING
Subpart 3104—Bonds

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§ 3104.4   Unit operator's bond.

In lieu of individual lease, statewide, or nationwide bonds for operations conducted on leases committed to an approved unit agreement, the unit operator may furnish a unit operator bond in the manner set forth in §3104.1 of this title. The amount of such a bond shall be determined by the authorized officer. The format for such a surety bond is set forth in §3186.2 of this title. Where a unit operator is covered by a nationwide or statewide bond, coverage for such a unit may be provided by a rider to such bond specifically covering the unit and increasing the bond in such amount as may be determined appropriate by the authorized officer.

[53 FR 22839, June 17, 1988]

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