New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 6. Department of Environmental Conservation |
Chapter V. Resource Management Services |
Subchapter B. Mineral Resources |
Part 551. Reports and Financial Security |
Sec. 551.7. Well salvagers
Latest version.
- Each person who acts as an agent for another in the practice of well abandonments and salvage of oil and gas field subsurface equipment must file with the department and continuously keep in force financial security in the amount of $15,000 to ensure the satisfactory plugging and abandoning of wells to the satisfaction of the department in accordance with Part 555 of this Title.