3261.18 Do I need to file a bond with BLM before I build a well pad or drill a well§ 3261.18 Do I need to file a bond with BLM before I build a well pad or drill a well?
Before starting any operation, you must:
(a) File with BLM 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 to a unit, either submit a bond for that unit in an amount we specify, or provide a rider to a statewide or nationwide bond specifically covering the unit in an amount we specify.
(d) See subparts 3214 and 3215 for additional details on bonding procedures.