In 2012, the Oil and Gas Omnibus amendments changed the requirements for reclamation bonds. Instead of the old $2,500 single/$25,000 blanket bond formula, the following shall apply: (i) For wells with a total well bore length less than 6,000 feet:… Continue Reading →
It might seem strange that a “railroad” commission regulates oil, gas and mineral exploration, however that is how it works in Texas. Petroleum operators, coal miners, uranium and mineral explorers must all provide reclamation bonds. Texas surety bond forms are… Continue Reading →
Many states outlawed the practice of uranium extraction many years ago. TODAY, mining groups are lobbying for a change. Ground disturbance requires reclamation planning, and by law appropriate bonding. Surety One, Inc., an environmental surety specialist offers reclamation bond capacity for… Continue Reading →
Coal companies will have to post higher reclamation bonds for surface mines under an emergency rule filed by the State Energy and Environment Cabinet. The rule is effective immediately. “The state has been discussing the issue of inadequate bonds for… Continue Reading →
Illinois mining companies will have to post higher reclamation bonds for surface mines under an emergency rule filed by state regulators Friday. Surety One, Inc., has a BIG appetite for these. Our speedy surety bond underwriting can put a reclamation… Continue Reading →
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