43 CFR 3137.60 Acceptable bonding (regulations)

43 CFR 3137.60 Acceptable bonding.txt

Oil and Gas Leasing: National Petroleum Reserve -- Alaska (43 CFR part 3130)

43 CFR 3137.60 Acceptable bonding (regulations)

OMB: 1004-0196

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WAIS Document Retrieval[Code of Federal Regulations]
[Title 43, Volume 2]
[Revised as of October 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 43CFR3137.60]

[Page 400]
 
                    TITLE 43--PUBLIC LANDS: INTERIOR
 
    CHAPTER II--BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR
 
PART 3130_OIL AND GAS LEASING: NATIONAL PETROLEUM RESERVE, ALASKA--
Table of Contents
 
  Subpart 3137_Unitization Agreements_National Petroleum Reserve-Alaska
 
Sec. 3137.60  As the unit operator, what are my obligations?

    As the unit operator--
    (a) You must comply with the terms and conditions of the unit 
agreement, Federal laws and regulations, lease terms and stipulations, 
and BLM notices and orders;
    (b) You must provide to BLM evidence of acceptable bonding. 
Acceptable bonding means a bond in an amount which is no less than the 
sum of the individual Federal bonding requirements for each of the NPR-A 
leases committed to the unit. You may also meet this requirement if you 
add the unit operator as a principal to lease bonds to reach the 
required amount; and
    (c) The bond must be payable to the Secretary of the Interior.



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