Bonds required for oil and gas well applicants

Sec. 1. (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.