Section 15-72-204 - Prerequisite for drilling permit - Operator's proof of financial responsibility

(a) Before the Oil and Gas Commission issues a permit to drill, an operator who is doing business in this state and is not subject to the provisions of § 15-71-116 shall file proof of financial responsibility with the commission.(b) Before the commission transfers a well and issues a producer's certificate of compliance and authorization to transport oil or gas, a person who acquires the right of an operator of an existing well and is not subject to the provisions of § 15-71-116 shall file proof of financial responsibility with the commission.Acts 1983, No. 902, § 3; A.S.A. 1947, § 53-218; Acts 1991, No. 559, § 1; 2009, No. 1175, § 13.