Surety Bond for Natural Gas Well Owners in WV

Category: Uncategorized
Published: Mar 13, 2012
SB 314: Miscellaneous Bond (Natrual Gas Wells)

Special procedures are created through this bill for building natural gas transportation roads that will aid in the expansion of natural gas drilling in the State. Natural gas well owners must obtain a permit in order to have equipment or materials transported over a natural gas resource transportation road. A performance bond will be accepted to cover the costs of road repairs possibly would be required with this permit.

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Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.