43 C.F.R. § 3261.18 Do I need a bond before I build a well pad or drill a well?
Title 43 - Public Lands: Interior
Yes, before starting any operation, you must: (a) Send us either a surety or personal bond in the following minimum amount: (1) $10,000 for a single lease; (2) $50,000 for all of your operations within a state; or (3) $150,000 for all of your operations nationwide. (b) Get our approval of your surety or personal bond; and (c) To cover any drilling operations on all leases committed a unit, either submit a bond for that unit in an amount we specify, or provide a rider to a statewide or nationwide bond which specifically covers the unit in an amount we specify. (d) See subparts 3214 and 3215 for additional details on bonding procedures. [63 FR 52364, Sept. 30, 1998; 66 FR 27040, May 16, 2001]
Title 43: Public Lands: Interior
PART 3200—GEOTHERMAL RESOURCE LEASING
Subpart 3261—Drilling Operations: Getting a Permit
§ 3261.18 Do I need a bond before I build a well pad or drill a well?
