82-11-163. (Temporary) Landowner's bond on noncommercial well. If the owner of the surface land upon which has been drilled a well that fails to produce oil or gas in commercial quantities acquires the well for domestic purposes, the board may cancel and absolve the bond required in 82-11-123 upon its acceptance of surety in the form of a certificate of deposit or a surety bond in the amount of $5,000 for a single well or in the amount of $10,000 for more than one well or in the form of a property bond of two times the value of the required certificate of deposit or surety bond. The release of the certificate of deposit, surety bond, or property bond must be conditioned on proof provided by the landowner that the well has been properly plugged.
82-11-163. (Effective on occurrence of contingency) Landowner's bond on noncommercial well. If the owner of the surface land upon which has been drilled a well that fails to produce oil or gas in commercial quantities acquires the well for domestic purposes, the board may cancel and absolve the bond required in 82-11-123(1)(e) upon its acceptance of surety in the form of a certificate of deposit or a surety bond in the amount of $5,000 for a single well or in the amount of $10,000 for more than one well or in the form of a property bond of two times the value of the required certificate of deposit or surety bond. The release of the certificate of deposit, surety bond, or property bond must be conditioned on proof provided by the landowner that the well has been properly plugged.
History: En. Sec. 8, Ch. 530, L. 1989; amd. Sec. 1, Ch. 278, L. 1999; amd. Sec. 22, Ch. 474, L. 2009.
Structure Montana Code Annotated
Title 82. Minerals, Oil, and Gas
Chapter 11. Oil and Gas Conservation
Part 1. Regulation by Board of Oil and Gas Conservation
82-11-102. Oil or gas wells not public utilities
82-11-103. Lands subject to law
82-11-104. Construction -- no conflict with board of land commissioners' authority
82-11-105. through 82-11-109 reserved
82-11-110. Oil and gas education and research account
82-11-111. Powers and duties of board
82-11-112. Intergovernmental cooperation
82-11-117. Confidentiality of records
82-11-118. Fees for processing applications
82-11-119. and 82-11-120 reserved
82-11-121. Oil and gas waste prohibited
82-11-122. Notice of intention to drill or conduct seismic operations -- notice to surface owner
82-11-123. Requirements for oil and gas operations
82-11-124. Requirements relating to waste prevention
82-11-125. Availability of cores or chips, cuttings, and bottom-hole temperatures to board
82-11-126. Availability of facilities to bureau of mines
82-11-127. Prohibited activity -- Makoshika state park
82-11-128. through 82-11-130 reserved
82-11-131. Privilege and license tax
82-11-135. Money earmarked for board expenses
82-11-136. Expenditure of funds from bonds for plugging wells
82-11-137. Class II injection well operating fee
82-11-138. Rulemaking -- microbial conversion wells
82-11-139. and 82-11-140 reserved
82-11-141. Administrative procedure
82-11-142. Subpoena power -- civil actions
82-11-145. Injunction or restraining order
82-11-151. Emergencies -- notice and hearing
82-11-152. through 82-11-160 reserved
82-11-161. Oil and gas production damage mitigation account -- statutory appropriation
82-11-163. Landowner's bond on noncommercial well
82-11-165. through 82-11-170 reserved
82-11-173. Legislative findings -- purpose
82-11-174. Offset permitting -- geographic requirements
82-11-175. Coal bed methane wells -- requirements
82-11-176. through 82-11-179 reserved
82-11-180. Preservation of property rights
82-11-181. Geologic storage reservoir administrative fee -- account established
82-11-182. Liability for carbon dioxide during injection
82-11-184. Conversion of enhanced recovery wells
82-11-185. Makoshika state park requirements
82-11-186. and 82-11-187 reserved
82-11-188. Incidental carbon dioxide storage -- certification