Wisconsin Administrative Code
Department of Natural Resources
NR 100-199 - Environmental Protection General
Chapter NR 134 - Oil And Gas Exploration
Section NR 134.04 - Application for an exploration license
Universal Citation: WI Admin Code ยง NR 134.04
Current through August 26, 2024
(1) No explorer may engage in exploration in this state without securing an exploration license.
(2) Any explorer wishing to engage in exploration in this state shall file an application for an exploration license with the department on forms prepared and furnished by the department. The application shall be accompanied by the following:
(a) A fee of $300 for the exploration
license.
(b) A bond payable to the
department in the amount of $50,000 conditioned on faithful performance of the
provisions of this chapter.
1. The bond shall
be issued by a surety company licensed to do business in Wisconsin. If the
surety company's license to do business is revoked or suspended, the explorer,
within 30 days after receiving written notice from the department, shall
substitute surety underwritten by a surety company licensed to do business in
Wisconsin. Upon failure of the explorer to make a substitution of surety, the
department shall suspend the explorer's exploration license until substitution
has been made.
2. Each bond shall
provide that the bond may not be canceled by the surety, except after 90 days
written notice to the department by registered or certified mail. Not less than
30 days prior to the expiration of the 90 day notice of cancellation, the
explorer shall deliver to the department a replacement bond in the absence of
which all exploration conducted in this state by the explorer shall
cease.
3. The department may
require that the amount of the bond be increased at any time, if the department
determines that the explorer's current level of activity makes it likely that
the bond may be inadequate to fund the termination of all holes drilled for
which the explorer is responsible.
4. One year after the issuance of the last
certificate of completion, and provided that the explorer is not holding an
exploration license, the department shall release the bond if the department
determines that the explorer has complied with provisions of this
chapter.
(c) A
certificate of insurance certifying that the explorer has in force a liability
insurance policy issued by an insurance company authorized to do business in
this state covering all exploration of the explorer in this state and affording
personal injury and property damage protection in a total amount deemed
adequate by the department but not less than $50,000.
(d) A copy of the applicant's most recent
annual report and Form 10K as filed with the securities and exchange
commission. If these are not available, the applicant shall submit a report of
the applicant's current assets and liabilities and other necessary data to
establish that the applicant is competent to conduct exploration in this
state.
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