Texas § NR.91.1042 - BLANKET BOND
Full text of Texas The Texas Constitution § NR.91.1042 — BLANKET BOND, with citation guidance and answers to common questions.
§ NR.91.1042. BLANKET BOND
BLANKET BOND. (a) A person required to file a bond, letter of credit, or cash deposit under Section 91.103 may file a blanket bond to cover all wells for which a bond, letter of credit, or cash deposit is required as follows: (1) a person who operates 10 or fewer wells shall file a $25,000 blanket bond; (2) a person who operates more than 10 but fewer than 100 wells shall file a $50,000 blanket bond; and (3) a person who operates 100 or more wells shall file a $250,000 blanket bond. (b) Notwithstanding Subsection (a), the commission by rule shall set the amount of the bond for an operator of bay or offshore wells at a reasonable amount that exceeds the amount provided by Subsection (a)(1), (2), or (3), as applicable. (c) When calculating the number of an operator's wells for purposes of Subsection (a), the commission shall exclude a well if the well bore is included in a well-specific plugging insurance policy described by Section 91.104 (c). (d) If the inclusion of a bay or offshore well whose well bore is included in a well-specific plugging insurance policy described by Section 91.104 (c) in the calculation under Subsection (b) of the amount of the bond an operator of bay or offshore wells is required to file would result in an increase in the amount of the bond that would otherwise be required, the rules must provide for the exclusion of the well from the calculation. Added by Acts 1991, 72nd Leg., ch. 603, Sec. 10, eff. Sept. 1, 1991. Amended by Acts 2001, 77th Leg., ch. 1233, Sec. 23, eff. Sept. 1, 2001; Acts 2001, 77th Leg., ch. 1233, Sec. 24, eff. Sept. 1, 2004. Amended by: Acts 2005, 79th Leg., Ch. 489 (H.B. 380 ), Sec. 3, eff. June 17, 2005.
Frequently Asked Questions About Texas § NR.91.1042
What does The Texas Constitution § NR.91.1042 cover?
Section NR.91.1042 ("BLANKET BOND") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § NR.91.1042?
A common citation format is "The Texas Constitution § NR.91.1042" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § NR.91.1042 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.