[Code of Federal Regulations]

[Title 43, Volume 2]

[Revised as of October 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 43CFR3154.1]



[Page 423]

 

                    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.