When Do I Need to Obtain a Lease Bond to Operate a Federal Oil and Gas Lease?
Before you drill make sure you are covered by a bond.
One part of the Federal Onshore Oil and Gas Leasing Reform Act of 1987 states that when a company is functioning on federal land, it is necessary to post a sufficient bond or other financial assurance before the beginning of any surface disturbing activities related to drilling to ensure reclamation of lands and waters negatively impaired by oil and gas operations. This white paper focuses on lease bonds.
Angela Franklin has nearly 30 years' experience in matters involving both public and private lands. She is from a multi-generational oil and gas family that gives her a deep appreciation for the natural resources industries she serves. Angela has extensive experience with title examination of private, Federal, State, and Indian lands throughout the Rocky Mountain region and rendering drilling, division order, acquisition, and financing opinions. In addition, she advises clients in complex acquisition and divestiture transactions, including performing all aspects of curative work and preparing transaction agreements.
Holland & Hart LLP
Andrew LeMieux represents public and private companies in transactional matters involving energy and real estate. Andy provides timely, practical solutions designed to help clients accomplish their goals in a cost-effective manner. Andy has experience in representing companies engaged in exploring energy sources and with clients on a variety of real estate issues.