GroundRules
43 CFR 3214.19: What are my bonding requirements when a lease interest is transferred to me?
Where this section sits in the code
- Title 43—Public Lands: Interior
- Subtitle B—Regulations Relating to Public Lands
- CHAPTER II—BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR
- SUBCHAPTER C—MINERALS MANAGEMENT (3000)
- PART 3200—GEOTHERMAL RESOURCE LEASING
- Subpart 3214—Personal and Surety Bonds
(a) Except as otherwise provided in this section, if the lands to be transferred to you contain a well or any other surface disturbance which the original lessee did not reclaim, you must post a bond under this subpart before BLM will approve the transfer.
(b) If the original lessee does not transfer all interest in the lease to you, you may become a co-principal on the original bond, rather than posting a new bond.
(c) You do not need to post an additional bond if:
(1) You previously furnished a statewide or nationwide bond sufficient to cover the lands transferred; or
(2) The operator provided the original bond, and the operator does not change.
Collected 2026-08-27T02:26:15Z. Source file · JSON