oil-gas-leasing · Bureau of Land Management · Published 1997-05-22 · 62 FR 27948
Document
Document number
97-13199
Federal Register citation
62 FR 27948
CFR reference
30 CFR 250
Type
Rule
Action
Final rule.
Category
oil-gas-leasing
Sub-agency
Bureau of Land Management
Publication date
1997-05-22
Abstract
This rule amends the surety bond provisions of Minerals Management Service (MMS) regulations to establish December 8, 1997, as the deadline for Outer Continental Shelf (OCS) oil and gas and sulphur lessees to comply with new levels of bond coverage established in 1993. It also makes other changes that reduce the risk of default by an underfunded entity who operates a lease or holds a pipeline right-of- way or geological and geophysical (G&G) exploration permit to drill a deep stratigraphic test well.