26 Miss. Code. R. 3-1.11
Before any person shall begin drilling of any well in search of oil or gas or assume operation of an oil or gas well or construct or operate any pipeline in the submerged offshore lands of Mississippi, said person shall file with the Board a bond in the amount of not less than ONE HUNDRED THOUSAND DOLLARS ($100,000.00) for each well or pipeline or TWO HUNDRED THOUSAND DOLLARS ($200,000.00) for all wells and pipelines, payable to the State of Mississippi for the use and benefit of the Mississippi State Oil and Gas Board. The Board shall require an increase of the minimum specified herein, by appropriate rider, when in the opinion of the Board the minimum does not constitute a reasonable bond as authorized to be required by Section 53-1-17, Mississippi Code of 1972.
26 Miss. Code. R. 3-1.11