§3214.19. What are my bonding requirements when a lease interest is transferred to me?
43 C.F.R. § 3214.19
Except as otherwise provided in this section, if the lands to be transferred to you contain a well or any other surface disturbance which the original lessee did not reclaim, you must post a bond under this subpart before BLM will approve the transfer.
If the original lessee does not transfer all interest in the lease to you, you may become a co-principal on the original bond, rather than posting a new bond.
You do not need to post an additional bond if—
You previously furnished a statewide or nationwide bond sufficient to cover the lands transferred; or
The operator provided the original bond, and the operator does not change.
Notes, amendments, and revision history
Authority
Authority: 30 U.S.C. 1001-1028; 43 U.S.C. 1701 et seq.; and Pub. L. 109-58.
Source
Source: 72 FR 24400, May 2, 2007, unless otherwise noted.