Section 45-9-15 - Plugging and performance bond for wells drilled--Authority of board to require--Amount--Surety--Conditions. - South Dakota Statutes

45-9-15. Plugging and performance bond for wells drilled--Authority of board to require--Amount--Surety--Conditions. Without limiting its general authority, the Board of Minerals and Environment may require, or may delegate to the office of the state geologist, specific authority to require the furnishing of a plugging and performance bond in the amount of five thousand dollars per well drilled, or twenty thousand dollars blanket, with good and sufficient surety, conditioned for the performance of the duty to plug each dry or abandoned well, to restore the premises, insofar as possible, to the condition which existed prior to the filing of the application to drill; and conditioned on the proper performance of all of the requirements of §§ 45-9-5 to 45-9-18, inclusive. The condition of the bond insofar as it relates to restoration of the surface shall be deemed to have been complied with if the landowner or lessee and the producer or driller adopt a different plan as approved by the board. The board may require additional bond if the circumstances require.

Source: SL 1943, ch 153, § 6; SL 1959, ch 244; SDC Supp 1960, § 42.0706 (3) (a); SDC Supp 1960, § 42.0706 (4) (a) (5) as enacted by SL 1961, ch 211, § 1; SL 1979, ch 296, § 1.