Ind. Code ch. 14-37-6

in effect

Ind. Code § 14-37-6-1 Bonds required for oil and gas well applicants

Sec. 1. (a) Except as otherwise provided in this chapter, this section applies to the following: (1) An applicant for a permit under this article who has never been granted a permit for a well for oil and gas purposes under this article. (2) A person who has demonstrated a pattern of violation under this article within the previous two (2) years. (3) A person who has failed to pay a civil penalty imposed under IC 14-37-13. (4) A person who has failed to pay an annual fee required under IC 14-37-5. (b) In addition to the annual fee required under IC 14-37-5, an applicant or a person described in subsection (a) shall execute and file with the department: (1) a bond of two thousand five hundred dollars ($2,500) for each well; (2) a bond in any amount if the number of wells does not exceed the number determined by dividing the principal amount of the bond by two thousand five hundred dollars ($2,500); or (3) a blanket bond of forty-five thousand dollars ($45,000) for any number of wells. [Pre-1995 Recodification Citation: 13-8-8-1.] As added by P.L.1-1995, SEC.30. Amended by P.L.48-2002, SEC.4.

Ind. Code § 14-37-6-2 Cash or certificate of deposit instead of bond

Sec. 2. Instead of the bond required by section 1 of this chapter, the department may accept cash or a certificate of deposit. [Pre-1995 Recodification Citation: 13-8-8-2.] As added by P.L.1-1995, SEC.30. Amended by P.L.32-2021, SEC.33.

Ind. Code § 14-37-6-3 Duration of bond

Sec. 3. Each blanket bond for wells created, modified, or acquired during the duration of a bond that was accepted by the commission before March 11, 1971, must be replaced by a new blanket bond in the amount of thirty thousand dollars ($30,000) before January 2, 2002. The new replacement bond remains in effect until: (1) the: (A) owner or operator plugs and abandons each well covered under the blanket bond in accordance with: (i) this article; and (ii) rules adopted under this article; and (B) bond is released by the department; or (2) a substitute bond is accepted by the department for each well secured by the blanket bond. [Pre-1995 Recodification Citation: 13-8-8-3.] As added by P.L.1-1995, SEC.30. Amended by P.L.236-2001, SEC.1.

Ind. Code § 14-37-6-4 Proof of financial ability to abandon noncommercial natural gas well

Sec. 4. Instead of a bond required by section 1 of this chapter, the commission may require a well owner or operator to provide proof of financial ability to abandon a noncommercial natural gas well. The proof must be established by a financial statement and personal guaranty. [Pre-1995 Recodification Citation: 13-8-8-4.] As added by P.L.1-1995, SEC.30.

Ind. Code § 14-37-6-5 Forfeiture of bond or alternative security

Sec. 5. The director shall order forfeiture of a bond or alternative security provided under this chapter when a permit is revoked under IC 14-37-13. [Pre-1995 Recodification Citation: 13-8-8-5.] As added by P.L.1-1995, SEC.30.

Ind. Code § 14-37-6-6 Repealed

[Pre-1995 Recodification Citation: 13-8-8-6.] As added by P.L.1-1995, SEC.30. Repealed by P.L.80-2005, SEC.8.

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/14Fetched: 10/17/2026