{"id":340,"date":"2013-02-17T22:15:27","date_gmt":"2013-02-17T22:15:27","guid":{"rendered":"http:\/\/suretyone.com\/blog\/?p=340"},"modified":"2017-01-03T16:20:45","modified_gmt":"2017-01-03T16:20:45","slug":"pennsylvania-reclamation-bond-rules-modified","status":"publish","type":"post","link":"https:\/\/suretyone.com\/blog\/pennsylvania-reclamation-bond-rules-modified\/","title":{"rendered":"Pennsylvania reclamation bond rules modified."},"content":{"rendered":"

In 2012, the Oil and Gas Omnibus amendments changed the requirements for reclamation bonds<\/a>. \u00a0Instead of the old $2,500 single\/$25,000 blanket bond formula, the following shall apply:<\/p>\n

(i) \u00a0For wells with a total well bore length less than 6,000 feet:<\/em><\/p>\n

(A) \u00a0For operating up to 50 wells, $4,000 per well, but no bond may be required under this clause in excess of $35,000.<\/em><\/p>\n

(B) \u00a0For operating 51 to 150 wells, $35,000 plus $4,000 per well for each well in excess of 50 wells, but no bond may be required under this clause in excess of $60,000.<\/em><\/p>\n

(C) \u00a0For operating 151 to 250 wells, $60,000 plus $4,000 per well for each well in excess of 150 wells, but no bond may be required under this clause in excess of $100,000.<\/em><\/p>\n

(D) \u00a0For operating more than 250 wells, $100,000 plus $4,000 per well for each well in excess of 250 wells, but no bond may be required under this clause in excess of $250,000.<\/em><\/p>\n

(ii) \u00a0For wells with a total well bore length of at least 6,000 feet:<\/em><\/p>\n

(A) \u00a0For operating up to 25 wells, $10,000 per well, but no bond may be required under this clause in excess of $140,000.<\/em><\/p>\n

(B) \u00a0For operating 26 to 50 wells, $140,000 plus $10,000 per well for each well in excess of 25 wells, but no bond may be required under this clause in excess of $290,000.<\/em><\/p>\n

(C) \u00a0For operating 51 to 150 wells, $290,000 plus $10,000 per well for each well in excess of 50 wells, but no bond may be required under this clause in excess of $430,000.<\/em><\/p>\n

(D) \u00a0For operating more than 150 wells, $430,000 plus $10,000 per well for each well in excess of 150 wells, but no bond may be required under this clause in excess of $600,000.<\/em><\/p>\n

The bonds are continuous in nature and will NOT be released by the State\u00a0until the well or tap has been properly plugged in accordance with the law, and for a period of one year after filing of the certificate of plugging with the state’s environmental department. \u00a0Pennsylvania offers a publication for guidance in reclamation surety bonding<\/a> for reclamation which you can access by clicking here<\/a>.<\/p>\n

Although these are tough, long term obligations\u00a0Surety One, Inc.<\/a>, a leader in environmental surety bonding\u00a0offers reclamation bond<\/a> capacity for coal, uranium, metal mining, and hydraulic fracturing \u201cfracking\u201d. \u00a0We will write these for ALL state departments of environmental protection, Railroad Commission of Texas, federal Bureau of Land Management, and all other state agencies.\u00a0Visit us at\u00a0www.ReclamationBonds.com<\/a>, call\u00a0(787) 333-0222<\/span>\u00a0or\u00a0(800) 373-2804<\/span>, or email\u00a0Underwriting@SuretyOne.com<\/span>.<\/p>\n","protected":false},"excerpt":{"rendered":"

In 2012, the Oil and Gas Omnibus amendments changed the requirements for reclamation bonds. \u00a0Instead of the old $2,500 single\/$25,000 blanket bond formula, the following shall apply: (i) \u00a0For wells with a total well bore length less than 6,000 feet:… Continue Reading →<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[8],"tags":[409,408,407,406,405,410],"yoast_head":"\nPennsylvania reclamation bond rules modified. • Surety One, Inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/suretyone.com\/blog\/pennsylvania-reclamation-bond-rules-modified\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pennsylvania reclamation bond rules modified. • Surety One, Inc.\" \/>\n<meta property=\"og:description\" content=\"In 2012, the Oil and Gas Omnibus amendments changed the requirements for reclamation bonds. \u00a0Instead of the old $2,500 single\/$25,000 blanket bond formula, the following shall apply: (i) \u00a0For wells with a total well bore length less than 6,000 feet:... 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