[Code of Federal Regulations]
[Title 43, Volume 2]
[Revised as of October 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 43CFR3154.1]

[Page 410]
 
                    TITLE 43--PUBLIC LANDS: INTERIOR
 
    CHAPTER II--BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR
 
PART 3150--ONSHORE OIL AND GAS GEOPHYSICAL EXPLORATION--Table of Contents
 
                     Subpart 3154--Bond Requirements
 
Sec. 3154.1  Types of bonds.


    Prior to each planned exploration, the party(s) filing the notice of 
intent or application for a permit shall file with the authorized 
officer a bond as described in Sec. 3104.1 of this title in the amount 
of at least $5,000, conditioned upon full and faithful compliance with 
the terms and conditions of this subpart and the notice of intent or 
permit. In lieu thereof, the party(s) may file a statewide bond in the 
amount of $25,000 covering all oil and gas exploration operations in the 
same State or a nationwide bond in the amount of $50,000 covering all 
oil and gas exploration operations in the nation. Holders of individual, 
statewide or nationwide oil and gas lease bonds shall be allowed to 
conduct exploration on their leaseholds without further bonding, and 
holders of statewide or nationwide lease bonds wishing to conduct 
exploration on lands they do not have under lease may obtain a rider to 
include oil and gas exploration operations under this part. Holders of 
nationwide or any National Petroleum Reserve-Alaska oil and gas lease 
bonds shall be permitted to obtain a rider to include the coverage of 
oil and gas exploration within the National Petroleum Reserve--Alaska 
under subpart 3152 of this title.