Sec. 91.1041. INDIVIDUAL BOND.
(a) A person required to file a bond, letter of credit, or cash deposit under Section 91.103 who operates one or more wells may file a bond in an amount equal to $2 for each foot of well depth for each well.
(b) Notwithstanding Subsection (a), the commission by rule shall set the amount of the bond for an operator of one or more bay or offshore wells at a reasonable amount that exceeds the amount provided by Subsection (a).
(c) When calculating under Subsection (a) the amount of the bond a person who operates one or more wells is required to file, the commission shall exclude a well if the well bore is included in a well-specific plugging insurance policy described by Section 91.104(c).
(d) If the inclusion of a bay or offshore well whose well bore is included in a well-specific plugging insurance policy described by Section 91.104(c) in the calculation under Subsection (b) of the amount of the bond an operator of one or more bay or offshore wells is required to file would result in an increase in the amount of the bond that would otherwise be required, the rules must provide for the exclusion of the well from the calculation.
Added by Acts 1991, 72nd Leg., ch. 603, Sec. 10, eff. Sept. 1, 1991. Amended by Acts 2001, 77th Leg., ch. 1233, Sec. 21, eff. Sept. 1, 2001; Acts 2001, 77th Leg., ch. 1233, Sec. 22, eff. Sept. 1, 2004.
Amended by:
Acts 2005, 79th Leg., Ch. 489 (H.B. 380), Sec. 2, eff. June 17, 2005.
Structure Texas Statutes
Subtitle B - Conservation and Regulation of Oil and Gas
Chapter 91 - Provisions Generally Applicable
Subchapter D. Prevention of Pollution
Section 91.101. Rules and Orders
Section 91.101. Rules and Orders
Section 91.1011. Oil and Gas Waste
Section 91.1011. Oil and Gas Waste
Section 91.1012. Access to Property and Records
Section 91.1013. Application Fees
Section 91.1015. Groundwater Protection Requirements
Section 91.1017. Location of Certain Pits
Section 91.102. Additional Personnel
Section 91.103. Persons Required to Execute Bond, Letter of Credit, or Cash Deposit
Section 91.1041. Individual Bond
Section 91.105. Bond Conditions
Section 91.106. Execution of Bond
Section 91.107. New Bond, Letter of Credit, or Cash Deposit
Section 91.108. Deposit and Use of Funds
Section 91.109. Financial Security for Persons Involved in Activities Other Than Operation of Wells
Section 91.110. Oil and Gas Waste Reduction and Minimization
Section 91.113. Investigation, Assessment, or Cleanup by Commission
Section 91.1131. Risk Assessment Standards
Section 91.1132. Prioritization of High-Risk Wells
Section 91.115. First Lien on Equipment and Stored Hydrocarbons or Drill Cuttings
Section 91.116. Notice of Commercial Surface Disposal Facility Permit Application