Utah Administrative Code
Topic - Natural Resources
Title R649 - Oil, Gas and Mining; Oil and Gas
Rule R649-2 - General Rules
Section R649-2-9b - Imposition of Statutory Risk Compensation Award
Universal Citation: UT Admin Code R 649-2-9b
Current through Bulletin 2024-18, September 15, 2024
In determining the level of any risk compensation award imposed within the range of 150% to 400% specified under Subsection 40-6-6.5(4)(d)(i)(D), the board may consider, among other factors, the geologic and engineering uncertainties and difficulties in drilling the well, the availability of information from prior and current drilling and development in the area, and the unique specified costs of the well.
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