Section 14-37-6-1 - Bonds required for oil and gas well applicants(a) Except as otherwise provided in this chapter, this section applies to the following: (1) An applicant for a permit under this article who has never been granted a permit for a well for oil and gas purposes under this article.(2) A person who has demonstrated a pattern of violation under this article within the previous two (2) years.(3) A person who has failed to pay a civil penalty imposed under IC 14-37-13.(4) A person who has failed to pay an annual fee required under IC 14-37-5.(b) In addition to the annual fee required under IC 14-37-5, an applicant or a person described in subsection (a) shall execute and file with the department: (1) a bond of two thousand five hundred dollars ($2,500) for each well;(2) a bond in any amount if the number of wells does not exceed the number determined by dividing the principal amount of the bond by two thousand five hundred dollars ($2,500); or(3) a blanket bond of forty-five thousand dollars ($45,000) for any number of wells.Pre-1995 Recodification Citation: 13-8-8-1.
As added by P.L. 1-1995, SEC.30. Amended by P.L. 48-2002, SEC.4.