Before starting any operation, you must:
(a) File with BLM either a surety or personal bond in the following minimum amount:
- (1) $10,000 for a single lease;
- (2) $50,000 for all of your operations within a state; or
- (3) $150,000 for all of your operations nationwide;
- (b) Get our approval of your surety or personal bond; and
- (c) To cover any drilling operations on all leases committed to a unit, either submit a bond for that unit in an amount we specify, or provide a rider to a statewide or nationwide bond specifically covering the unit in an amount we specify.
- (d) See subparts 3214 and 3215 for additional details on bonding procedures.