§3251.14. Do I need a bond for conducting exploration operations?
43 C.F.R. § 3251.14
You must not start any exploration operations on BLM-managed lands until we approve your bond. You may meet the requirement for an exploration bond in two ways:
If you have an existing nationwide or statewide oil and gas exploration bond, provide a rider in an amount we have specified to include geothermal resources exploration operations; or
If you must file a new bond for geothermal exploration, the minimum amounts are:
$5,000 for a single operation;
$25,000 for all of your operations within a state; and
$50,000 for all of your operations on public lands nationwide.
See subparts 3214 and 3215 for additional details on bonding procedures.
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.