$25,000 West Virginia Reclamation Bond

Category: Uncategorized
Published: Mar 14, 2012
SB 258: Reclamation Bonds

This will authorize and provide procedures for the use of hydraulic fracturing and horizontal drilling for the extraction of natural gas through this bill. A $25,000 surety bond per well would be required under this bill. This is to ensure the compliance with all applicable laws and rules relating to the drilling, re-drilling, deepening, casing, stimulating, and the plugging of gas wells. This will also pertain to the plugging of gas wells, abandonment, reclamation of wells, and for the furnishing of such reports required.

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