Oil and gas operations-surety bond.

WORKING DRAFT
2011
STATE OF
WYOMING
11LSO-0449

SENATE FILE
NO.
SF0087

Oil and gas operations-surety bond.

Sponsored by:
Senator(s) Schiffer and Representative(s) Shepperson

A BILL

for

AN ACT relating to
oil and gas; increasing
minimum
surety bond or other guaranty
required
for entry
upon
land
for oil and gas operations
;

specifying applicability;
and providing for an effective date.

Be It Enacted by the Legislature of the State of
Wyoming
:

Section 1.

W.S. 30
‑
5
‑
404(b) is amended to read:

30
‑
5
‑
404.

Surety bond or guaranty; approval; objections; release of surety bond or guaranty.

(b)

The surety bond or other guaranty shall be in an amount of not less than
two thousand dollars ($2,000.00)

ten thousand dollars ($10,000.00)
per well site on the land. At the request of the oil and gas operator, after attempted consultation with the surface owner the commission may establish a blanket bond or other guaranty in an amount covering oil and gas operations on the surface owner's land as identified by an oil and gas operator in the written notice required under W.S. 30-5-402(e). Neither the minimum amount of the per well site bond or other guaranty specified in this subsection nor a blanket bond or other guaranty established by the commission is intended to establish any amount for reasonable and foreseeable damages.

Section 2.

This act shall
not
be appli
ed to increase the minimum surety bond or
other
guarant
y
under W.S. 30
‑
5
‑
404(b) existing prior to this act, if the requirements for entry upon the land under
W.S. 30
‑
5
‑
402(c)
were met before t
he effective date of this act.

Section 3.

This act is effective immediately upon co
m
pletion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constit
u
tion.

(END)

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SF0087