N.M. Code R. § 19.15.8.12
Current through Register Vol. 35, No. 11, June 11, 2024
Section 19.15.8.12 - RELEASE OF FINANCIAL ASSURANCEA. The division shall release a financial assurance document upon the operator's or surety's written request if all wells drilled or acquired under that financial assurance have been plugged and abandoned and the location restored and remediated and released pursuant to 19.15.25.9 NMAC through 19.15.25.11 NMAC, or have been covered by another financial assurance the division has approved.B. Transfer of a property or a change of operator does not of itself release a financial assurance. The division shall not approve a request for change of operator for a well until the new operator has the required financial assurance in place.N.M. Code R. § 19.15.8.12
19.15.8.12 NMAC - Rp, 19.15.3.101 NMAC, 12/1/08