1 | A bill to be entitled |
2 | An act relating to the regulation of state lands and oil |
3 | and gas resources; amending s. 253.52, F.S.; providing for |
4 | the Board of Trustees of the Internal Improvement Trust |
5 | Fund to accept and award bids for oil and gas leases on |
6 | submerged lands underlying the territorial waters of the |
7 | state; providing requirements and procedures for |
8 | submitting, reviewing, and awarding such bids; providing |
9 | for a nonrefundable bid submittal fee; providing for |
10 | easements over sovereign submerged lands for the |
11 | construction, installation, and maintenance of structures |
12 | relating to the production of oil, gas, or other petroleum |
13 | products; providing a fee for such easements; requiring |
14 | certain notice; amending s. 253.571, F.S.; providing |
15 | requirements for proof of financial responsibility by a |
16 | lessee prior to the commencement of drilling on submerged |
17 | lands underlying the territorial waters of the state; |
18 | providing a limitation; creating s. 253.585, F.S.; |
19 | providing for the distribution of royalties, cash |
20 | considerations, annual rentals, or payments in lieu of |
21 | royalties collected for oil and gas leases on submerged |
22 | lands within the territorial waters of the state; |
23 | providing for rulemaking; amending s. 253.61, F.S.; |
24 | providing an exemption from land-leasing restrictions for |
25 | leases on submerged lands within the territorial waters of |
26 | the state; deleting a provision prohibiting leasing of |
27 | specified lands; amending s. 377.24, F.S.; providing an |
28 | exemption from permit restrictions relating to drilling |
29 | gas or oil wells for leases on submerged lands within the |
30 | territorial waters of the state; deleting a provision |
31 | prohibiting drilling in specified waters; amending s. |
32 | 377.242, F.S.; deleting a provision prohibiting the |
33 | construction of specified structures; providing exemptions |
34 | from restrictions relating to the permitting or |
35 | construction of structures intended for the drilling for |
36 | or production of oil, gas, or other petroleum products; |
37 | amending s. 377.2425, F.S.; revising applicability |
38 | provisions relating to surety for geophysical exploration, |
39 | drilling, and production; exempting applicants for |
40 | drilling or operating permits for operations planned in |
41 | coastal waters; providing an effective date. |
42 |
|
43 | Be It Enacted by the Legislature of the State of Florida: |
44 |
|
45 | Section 1. Section 253.52, Florida Statutes, is amended to |
46 | read: |
47 | 253.52 Placing oil and gas leases on market by board.-- |
48 | (1) Whenever in the opinion of the Board of Trustees of |
49 | the Internal Improvement Trust Fund there shall be a demand for |
50 | the purchase of oil and gas leases on any area, tract, or parcel |
51 | of the land so owned, controlled, or managed, by any state |
52 | board, department, or agency, then the board shall place such |
53 | oil and gas lease or leases on the market in such blocks, |
54 | tracts, or parcels as it may designate. The lease or leases |
55 | shall only be made after notice by publication thereof has been |
56 | made not less than once a week for 4 consecutive weeks in a |
57 | newspaper of general circulation published in Leon County, and |
58 | in a similar newspaper for a similar period of time published in |
59 | the vicinity of the lands offered to be leased, the last |
60 | publication in both newspapers to be not less than 5 days in |
61 | advance of the sale date. Such notice shall be to the effect |
62 | that a lease or leases will be offered for sale at such date and |
63 | time as may be named in said notice and shall describe the land |
64 | upon which such lease, or leases, will be offered. This notice |
65 | may be combined with the notice required pursuant to s. 253.115. |
66 | Before any lease of any block, tract, or parcel of land, |
67 | submerged, or unsubmerged, within a radius of 3 miles of the |
68 | boundaries of any incorporated city, or town, or within such |
69 | radius of any bathing beach, or beaches, outside thereof, such |
70 | board, department, or agency, shall through one or more of its |
71 | members hold a public hearing, after notice thereof by |
72 | publication once in a newspaper of general circulation published |
73 | at least 1 week prior to said hearing in the vicinity of the |
74 | land, or lands, offered to be leased, of the offer to lease the |
75 | same, calling upon all interested persons to attend said hearing |
76 | where they would be given the opportunity to be heard, all of |
77 | which shall be considered by the board prior to the execution of |
78 | any lease or leases to said land, and the board may withdraw |
79 | said land, or any part thereof, from the market, and refuse to |
80 | execute such lease or leases if after such hearing, or |
81 | otherwise, it considers such execution contrary to the public |
82 | welfare. Before advertising any land for lease the form of the |
83 | lease or leases to be offered for sale, not inconsistent with |
84 | law, or the provisions of this section, shall be prescribed by |
85 | the board and a copy, or copies, thereof, shall be available to |
86 | the general public at the office of the Board of Trustees of the |
87 | Internal Improvement Trust Fund and the advertisements of such |
88 | sale shall so state. |
89 | (2)(a) Notwithstanding subsection (1), the Board of |
90 | Trustees of the Internal Improvement Trust Fund shall accept a |
91 | nomination on or before September 1 of each year from a bidder |
92 | or bidders for the purchase, in such blocks, tracts, or parcels |
93 | as the bidder may designate, of oil and gas leases on any area, |
94 | tract, or parcel of submerged land underlying the territorial |
95 | waters of the state, as defined in the Submerged Lands Act, 43 |
96 | U.S.C. ss. 1301-1315, so owned, controlled, or managed by any |
97 | state board, department, or agency. |
98 | (b) Within 14 days after receipt of a bid, the board shall |
99 | give notice of same by publication in the Florida Administrative |
100 | Weekly and in a newspaper of general circulation published in |
101 | the vicinity of the proposed lease or leases. The publication |
102 | may not include any reference to proprietary trade secrets or |
103 | confidential or economic business information provided by the |
104 | original bidder. |
105 | (c) The notice requirements under paragraph (b) shall |
106 | apply in lieu of the requirements under subsection (1) and s. |
107 | 253.115 for a nomination for the purchase of an oil and gas |
108 | lease pursuant to this subsection. |
109 | (d) Other interested parties shall have 90 days after the |
110 | date of publication of the notice to submit a competing bid for |
111 | the same blocks, tracts, or parcels as were designated in the |
112 | original bid and published in the notice. The bid period shall |
113 | close on the 90th day. |
114 | (e) The board shall have no more than 30 days from the |
115 | date the bid period closes to review all bids and determine |
116 | whether or not each bid contains all of the information required |
117 | under subsection (4). Any bid determined to not contain all of |
118 | the information required under subsection (4) shall be returned |
119 | to the bidder and may not be further considered. |
120 | (f) Following a determination that a bid or bids contain |
121 | all of the information required under subsection (4), the board |
122 | shall select the highest and best of such bids within 30 days, |
123 | provided that if, in the reasonable judgment of the board, the |
124 | bids submitted do not represent the reasonable fair value of |
125 | such lease or leases, the execution of same is reasonably |
126 | determined to be contrary to the public welfare, or, if the |
127 | responsibility of the bidder offering the highest amount has not |
128 | reasonably been established to the board's satisfaction, the |
129 | board may in its discretion reject the bids. All information |
130 | included in all bids not selected by the board shall be returned |
131 | to the bidder, including all checks or other financial |
132 | assurances, except for the $1 million nonrefundable bid |
133 | submittal fee. |
134 | (g) The board shall have no more than 90 days to negotiate |
135 | any outstanding matters, including, but not limited to, definite |
136 | rental payments or payments that may be made in lieu of royalty, |
137 | with the winning bidder and award the lease or leases. |
138 | Affirmative action by the board to approve any such lease shall |
139 | require the approval of the Governor and at least two other |
140 | members of the board. |
141 | (3) To the extent that any provision of the sealed bid |
142 | requirements pursuant to s. 253.53 and the competitive bidding |
143 | process pursuant to s. 253.54 may be in conflict with the |
144 | nomination process provided under subsection (2), subsection (2) |
145 | shall control the nomination for and the award of the purchase, |
146 | in such blocks, tracts, or parcels as may be designated, of an |
147 | oil and gas lease or leases on any area, tract, or parcel of |
148 | submerged land underlying the territorial waters of the state. |
149 | (4) All bids submitted to the board for lands identified |
150 | under subsection (2) shall include the following: |
151 | (a) A nonrefundable bid submittal fee of $1 million in |
152 | addition to and separate from any cash consideration that may be |
153 | provided as part of the bid; |
154 | (b) Documentation stating that all equipment or structures |
155 | above the surface of the water and related to the development |
156 | and production of oil and gas within the territorial waters of |
157 | the state shall be situated no closer than 3 miles from the |
158 | coast as calculated from the line of mean high tide; |
159 | (c) A statement and map identifying the blocks, tracts, or |
160 | parcels, as designated for the oil and gas lease or leases, on |
161 | submerged land underlying the territorial waters of the state; |
162 | (d) A statement of a cash consideration; and |
163 | (e) A statement of a royalty, never less than one-eighth |
164 | in kind or in value; provided, however, that up-front payments |
165 | in lieu of royalties may be proposed and, if proposed, may |
166 | reduce the minimum one-eighth royalty. |
167 | (5) All bids shall be accompanied by a separate cashier's |
168 | check or certified check for the amount of the cash |
169 | consideration and application fee and shall be payable to the |
170 | state board, department, or agency which holds title to or |
171 | controls the land sought to be leased. |
172 | (6) For a bidder who obtains an oil and gas lease from a |
173 | bid pursuant to subsection (2) and fails to be issued a permit, |
174 | after a good faith effort to attain such a permit, for |
175 | geophysical operations, drilling, or exploring and extracting |
176 | through well holes or by other means pursuant to ss. 377.2408 |
177 | and 377.242 within 24 months after receiving the lease, the |
178 | board shall refund the entire cash consideration with interest |
179 | paid pursuant to s. 55.03(1), using the per annum rate for the |
180 | year in which the bidder obtained the lease. The bidder may |
181 | extend this time period upon receiving a written request showing |
182 | good cause by the Department of Environmental Protection. |
183 | (7) If the board awards an oil and gas lease or leases |
184 | issued pursuant to subsection (2), the lessee shall be entitled |
185 | to obtain an easement or easements over sovereign submerged |
186 | lands for the construction, installation, and maintenance of any |
187 | pipeline or associated infrastructure that is an appurtenance to |
188 | the transportation of oil and gas from the leased submerged |
189 | lands to shore-based facilities. The fee for this easement shall |
190 | be based on a cost per linear foot basis and may not exceed $5 |
191 | per linear foot. Notwithstanding s. 253.115, within 14 days |
192 | after receipt of an application for an easement or easements |
193 | pursuant to this subsection, the board shall require the |
194 | applicant for such easement or easements to give notice of the |
195 | filing of such application or applications by publication, one |
196 | time only, in a newspaper of general circulation published in |
197 | the vicinity of the proposed lease or leases. |
198 | Section 2. Section 253.571, Florida Statutes, is amended |
199 | to read: |
200 | 253.571 Proof of financial responsibility required of |
201 | lessee prior to commencement of drilling.-- |
202 | (1) The Board of Trustees of the Internal Improvement |
203 | Trust Fund may require a surety or property bond, an irrevocable |
204 | letter of credit, or other proof of financial responsibility |
205 | from each lessee of public land or mineral interest prior to the |
206 | time such lessee mines, drills, or extracts in any manner, |
207 | petroleum, petroleum products, gas, sulphur, or any other |
208 | mineral from such land. The surety bond or irrevocable letter of |
209 | credit shall be from a surety company or bank authorized to do |
210 | business in the state. The surety bond, irrevocable letter of |
211 | credit, or other proof of financial responsibility shall serve |
212 | as security and is to be forfeited to the board to pay for any |
213 | damages caused by mining or drilling operations performed by the |
214 | lessee. In the case of operations planned in the waters of the |
215 | state or under other particular circumstances which, by their |
216 | nature warrant greater security in view of possible damages, the |
217 | board shall give special consideration to the extent of such |
218 | possible damages and shall set the amount of an adequate and |
219 | sufficient surety bond, irrevocable letter of credit, or other |
220 | proof of financial responsibility accordingly. For the purposes |
221 | of this section, damages shall include, but not be limited to, |
222 | air, water, and ground pollution, destruction of wildlife or |
223 | marine productivity and any other damage which impairs the |
224 | health and general welfare of the citizens of the state. The |
225 | board shall require a lessee to provide proof of financial |
226 | responsibility only once, irrespective of the number of |
227 | different leases the lessee may have. |
228 | (2) A surety or property bond, an irrevocable letter of |
229 | credit, or other proof of financial responsibility from each |
230 | lessee of public land or mineral interest in submerged lands |
231 | underlying the territorial waters of the state, as defined in |
232 | the Submerged Lands Act, 43 U.S.C. ss. 1301-1315, shall not |
233 | exceed the lesser amount of either: |
234 | (a) Five hundred million dollars; or |
235 | (b) A calculated cost estimate for potential damages |
236 | related to, but not limited to, air, water, and ground |
237 | pollution, destruction of wildlife or marine productivity, and |
238 | any other damage that impairs the health and general welfare of |
239 | the citizens of the state, as based on reasonably foreseeable |
240 | accidents or occurrences associated with the particular oil and |
241 | gas development or production activity within the immediate area |
242 | of the oil and gas lease. |
243 | (3) A surety or property bond, an irrevocable letter of |
244 | credit, or other proof of financial responsibility issued under |
245 | subsection (2) shall be the only proof of financial |
246 | responsibility a lessee must provide in lieu of any other proof |
247 | of financial responsibility that may be required by any agency |
248 | for any permit or authorization that must be obtained in |
249 | connection with the development and production of oil and gas, |
250 | including, but not limited to, oil and gas transportation |
251 | infrastructure, such as pipelines, appurtenant to the leased |
252 | submerged lands. |
253 | Section 3. Section 253.585, Florida Statues, is created to |
254 | read: |
255 | 253.585 Distribution of royalties, cash considerations, |
256 | annual rentals, or payments in lieu of royalties collected for |
257 | oil and gas leases on submerged lands within the territorial |
258 | waters of the state.-- |
259 | (1) Royalties, cash considerations, annual rentals, or |
260 | payments in lieu of royalties collected for oil and gas leases |
261 | on submerged lands within the territorial waters of the state |
262 | shall be appropriated for the following purposes: |
263 | (a) To fund a bond initiative to provide up to $300 |
264 | million per year for the Florida Forever land acquisition |
265 | program, including up to an additional $15 million for |
266 | reasonable management costs for the administration of such |
267 | lands, to the extent the Board of Trustees of the Internal |
268 | Improvement Trust Fund determines such management costs are |
269 | necessary. |
270 | (b) To provide up to $20 million per year for local |
271 | governments to support beach restoration and nourishment |
272 | projects. |
273 | (c) To provide up to $20 million per year to be |
274 | distributed to coastal local governments within the county or |
275 | counties within which the lease or leases are issued. |
276 | (2) The Division of State Lands in the Department of |
277 | Environmental Protection, as staff to the Board of Trustees of |
278 | the Internal Improvement Trust Fund, shall adopt rules as |
279 | necessary to administer this section. |
280 | Section 4. Paragraphs (b), (c), and (d) of subsection (1) |
281 | of section 253.61, Florida Statutes, are amended to read: |
282 | 253.61 Lands not subject to lease.-- |
283 | (1) Regardless of anything to the contrary contained in |
284 | this law in any previous section or part thereof, no board or |
285 | agency mentioned therein or the state shall have the power or |
286 | authority to sell, execute, or enter into any lease of the type |
287 | covered by this law relating to any of the following lands, |
288 | submerged or unsubmerged, except under the circumstances and |
289 | conditions as hereinafter set out in this section, to wit: |
290 | (b) No lease of the type covered by this law shall be |
291 | granted, sold or executed covering any such lands in the tidal |
292 | waters of the state, abutting on or immediately adjacent to the |
293 | corporate limits of a municipality or within 3 miles of such |
294 | corporate limits extending from the line of mean high tide into |
295 | such waters, unless the governing authority of the municipality |
296 | shall have first duly consented to the granting or sale of such |
297 | lease by resolution. This paragraph does not apply to leases on |
298 | submerged lands underlying the territorial waters of the state, |
299 | as defined in the Submerged Lands Act, 43 U.S.C. ss. 1301-1315, |
300 | where any structure or equipment above the surface of the water |
301 | is more than 3 miles from such corporate limits. |
302 | (c) No lease of the type covered by this law shall be |
303 | granted, sold or executed covering such lands on any improved |
304 | beach, located outside of an incorporated town or municipality, |
305 | or covering such lands in the tidal waters of the state abutting |
306 | on or immediately adjacent to any improved beach, or within 3 |
307 | miles of an improved beach extending from the line of mean high |
308 | tide into such tidal waters, unless the county commissioners of |
309 | the county in which such beach is located shall have first duly |
310 | consented to the granting or sale of such lease by resolution. |
311 | This paragraph does not apply to leases on submerged lands |
312 | underlying the territorial waters of the state, as defined in |
313 | the Submerged Lands Act, 43 U.S.C. ss. 1301-1315, where any |
314 | structure or equipment above the surface of the water is more |
315 | than 3 miles from such improved beach. |
316 | (d) Without exception, after July 1, 1989, no lease of the |
317 | type covered by this law shall be granted, sold, or executed |
318 | south of 26° north latitude off Florida's west coast and south |
319 | of 27° north latitude off Florida's east coast, within the |
320 | boundaries of Florida's territorial seas as defined in 43 U.S.C. |
321 | 1301. After July 31, 1990, no oil or natural gas lease shall be |
322 | granted, sold, or executed covering lands located north of |
323 | 26°00'00" north latitude off Florida's west coast to the western |
324 | boundary of the state bordering Alabama as set forth in s. 1, |
325 | Art. II of the State Constitution, or located north of 27°00'00" |
326 | north latitude off Florida's east coast to the northern boundary |
327 | of the state bordering Georgia as set forth in s. 1, Art. II of |
328 | the State Constitution, within the boundaries of Florida's |
329 | territorial seas as defined in 43 U.S.C. 1301. |
330 | Section 5. Subsections (6), (7), and (9) of section |
331 | 377.24, Florida Statutes, are amended to read: |
332 | 377.24 Notice of intention to drill well; permits; |
333 | abandoned wells and dry holes.-- |
334 | (6) No permit to drill a gas or oil well shall be granted |
335 | at a location in the tidal waters of the state, abutting or |
336 | immediately adjacent to the corporate limits of a municipality |
337 | or within 3 miles of such corporate limits extending from the |
338 | line of mean high tide into such waters, unless the governing |
339 | authority of the municipality shall have first duly approved the |
340 | application for such permit by resolution. This subsection does |
341 | not apply to leases on submerged lands underlying the |
342 | territorial waters of the state, as defined in the Submerged |
343 | Lands Act, 43 U.S.C. ss. 1301-1315, where any structure or |
344 | equipment above the surface of the water is more than 3 miles |
345 | from such corporate limits. |
346 | (7) No permit to drill a gas or oil well shall be granted |
347 | on any improved beach, located outside of an incorporated town |
348 | or municipality, or at a location in the tidal waters of the |
349 | state abutting or immediately adjacent to an improved beach, or |
350 | within 3 miles of an improved beach extending from the line of |
351 | mean high tide into such tidal waters, unless the county |
352 | commissioners of the county in which such beach is located shall |
353 | have first duly approved the application for such permit by |
354 | resolution. This subsection does not apply to leases on |
355 | submerged lands underlying the territorial waters of the state, |
356 | as defined in the Submerged Lands Act, 43 U.S.C. ss. 1301-1315, |
357 | where any structure or equipment above the surface of the water |
358 | is more than 3 miles from such improved beach. |
359 | (9) Without exception, after July 1, 1989, no permit to |
360 | drill a well in search of oil or gas shall be granted south of |
361 | 26°00'00" north latitude off Florida's west coast and south of |
362 | 27°00'00" north latitude off Florida's east coast, within the |
363 | boundaries of Florida's territorial seas as defined in 43 U.S.C. |
364 | 1301. After July 31, 1990, no permit to drill a well in search |
365 | of oil or gas shall be granted north of 26°00'00" north latitude |
366 | off Florida's west coast to the western boundary of the state |
367 | bordering Alabama as set forth in s. 1, Art. II of the State |
368 | Constitution, or located north of 27°00'00" north latitude off |
369 | Florida's east coast to the northern boundary of the state |
370 | bordering Georgia as set forth in s. 1, Art. II of the State |
371 | Constitution, within the boundaries of Florida's territorial |
372 | seas as defined in 43 U.S.C. 1301. |
373 | Section 6. Section 377.242, Florida Statutes, is amended |
374 | to read: |
375 | 377.242 Permits for drilling or exploring and extracting |
376 | through well holes or by other means.--The department is vested |
377 | with the power and authority: |
378 | (1)(a) To issue permits for the drilling for, exploring |
379 | for, or production of oil, gas, or other petroleum products |
380 | which are to be extracted from below the surface of the land, |
381 | including submerged land, only through the well hole drilled for |
382 | oil, gas, and other petroleum products. |
383 | 1. No structure intended for the drilling for, or |
384 | production of, oil, gas, or other petroleum products may be |
385 | permitted or constructed on any submerged land within any bay or |
386 | estuary. |
387 | 2. No structure intended for the drilling for, or |
388 | production of, oil, gas, or other petroleum products may be |
389 | permitted or constructed within 1 mile seaward of the coastline |
390 | of the state. |
391 | 3. No structure intended for the drilling for, or |
392 | production of, oil, gas, or other petroleum products may be |
393 | permitted or constructed within 1 mile of the seaward boundary |
394 | of any state, local, or federal park or aquatic or wildlife |
395 | preserve or on the surface of a freshwater lake, river, or |
396 | stream. |
397 | 4. No structure intended for the drilling for, or |
398 | production of, oil, gas, or other petroleum products may be |
399 | permitted or constructed within 1 mile inland from the shoreline |
400 | of the Gulf of Mexico, the Atlantic Ocean, or any bay or estuary |
401 | or within 1 mile of any freshwater lake, river, or stream unless |
402 | the department is satisfied that the natural resources of such |
403 | bodies of water and shore areas of the state will be adequately |
404 | protected in the event of accident or blowout. |
405 | 5. Without exception, after July 1, 1989, no structure |
406 | intended for the drilling for, or production of, oil, gas, or |
407 | other petroleum products may be permitted or constructed south |
408 | of 26°00'00" north latitude off Florida's west coast and south |
409 | of 27°00'00" north latitude off Florida's east coast, within the |
410 | boundaries of Florida's territorial seas as defined in 43 U.S.C. |
411 | s. 1301. After July 31, 1990, no structure intended for the |
412 | drilling for, or production of, oil, gas, or other petroleum |
413 | products may be permitted or constructed north of 26°00'00" |
414 | north latitude off Florida's west coast to the western boundary |
415 | of the state bordering Alabama as set forth in s. 1, Art. II of |
416 | the State Constitution, or located north of 27°00'00" north |
417 | latitude off Florida's east coast to the northern boundary of |
418 | the state bordering Georgia as set forth in s. 1, Art. II of the |
419 | State Constitution, within the boundaries of Florida's |
420 | territorial seas as defined in 43 U.S.C. s. 1301. |
421 | (b) Subparagraphs (a)1. and 4. do not apply to permitting |
422 | or construction of structures intended for the drilling for, or |
423 | production of, oil, gas, or other petroleum products pursuant to |
424 | an oil, gas, or mineral lease of such lands by the state under |
425 | which lease any valid drilling permits are in effect on the |
426 | effective date of this act. In the event that such permits |
427 | contain conditions or stipulations, such conditions and |
428 | stipulations shall govern and supersede subparagraphs (a)1. and |
429 | 4. |
430 | (c) The prohibitions of subparagraphs (a)1.-4. in this |
431 | subsection do not include "infield gathering lines," or other |
432 | pipelines for the purpose of transporting offshore production on |
433 | shore, provided no other placement is reasonably available and |
434 | all other required permits have been obtained. |
435 | (d) Subparagraphs (a)1.-3. do not apply to the permitting |
436 | or construction of offshore structures intended for the |
437 | exploration or production of oil, gas, or other petroleum |
438 | products where any structure or equipment above the surface of |
439 | the water is more than 3 miles seaward from the line of mean |
440 | high tide. |
441 | (2) To issue permits to explore for and extract minerals |
442 | which are subject to extraction from the land by means other |
443 | than through a well hole. |
444 | (3) To issue permits to construct wells for the injection |
445 | and recovery of any natural gas for temporary storage in |
446 | subsurface reservoirs. |
447 |
|
448 | Each permit shall contain an agreement by the permitholder that |
449 | the permitholder will not prevent inspection by division |
450 | personnel at any time. The provisions of this section |
451 | prohibiting permits for drilling or exploring for oil in coastal |
452 | waters do not apply to any leases entered into before June 7, |
453 | 1991. |
454 | Section 7. Subsection (1) of section 377.2425, Florida |
455 | Statutes, is amended to read: |
456 | 377.2425 Manner of providing security for geophysical |
457 | exploration, drilling, and production.-- |
458 | (1) Prior to granting a permit to conduct geophysical |
459 | operations; drilling of exploratory, injection, or production |
460 | wells; producing oil and gas from a wellhead; or transporting |
461 | oil and gas through a field-gathering system, the department |
462 | shall require the applicant or operator to provide surety that |
463 | these operations will be conducted in a safe and environmentally |
464 | compatible manner. |
465 | (a) The applicant for a drilling, production, or injection |
466 | well permit or a geophysical permit may provide the following |
467 | types of surety to the department for this purpose: |
468 | 1. A deposit of cash or other securities made payable to |
469 | the Minerals Trust Fund. Such cash or securities so deposited |
470 | shall be held at interest by the Chief Financial Officer to |
471 | satisfy safety and environmental performance provisions of this |
472 | chapter. The interest shall be credited to the Minerals Trust |
473 | Fund. Such cash or other securities shall be released by the |
474 | Chief Financial Officer upon request of the applicant and |
475 | certification by the department that all safety and |
476 | environmental performance provisions established by the |
477 | department for permitted activities have been fulfilled. |
478 | 2. A bond of a surety company authorized to do business in |
479 | the state in an amount as provided by rule. |
480 | 3. A surety in the form of an irrevocable letter of credit |
481 | in an amount as provided by rule guaranteed by an acceptable |
482 | financial institution. |
483 | (b) An applicant for a drilling, production, or injection |
484 | well permit, or a permittee who intends to continue |
485 | participating in long-term production activities of such wells, |
486 | has the option to provide surety to the department by paying an |
487 | annual fee to the Minerals Trust Fund. For an applicant or |
488 | permittee choosing this option the following shall apply: |
489 | 1. For the first year, or part of a year, of a drilling, |
490 | production, or injection well permit, or change of operator, the |
491 | fee is $4,000 per permitted well. |
492 | 2. For each subsequent year, or part of a year, the fee is |
493 | $1,500 per permitted well. |
494 | 3. The maximum fee that an applicant or permittee may be |
495 | required to pay into the trust fund is $30,000 per calendar |
496 | year, regardless of the number of permits applied for or in |
497 | effect. |
498 | 4. The fees set forth in subparagraphs 1., 2., and 3. |
499 | shall be reviewed by the department on a biennial basis and |
500 | adjusted for the cost of inflation. The department shall |
501 | establish by rule a suitable index for implementing such fee |
502 | revisions. |
503 | (c) This subsection does not apply to an applicant for a |
504 | drilling or operating permit for operations planned in coastal |
505 | waters that by their nature warrant greater surety shall provide |
506 | surety only in accordance with paragraph (a), or similar proof |
507 | of financial responsibility other than as provided in paragraph |
508 | (b). For all such applications, including applications pending |
509 | at the effective date of this act and notwithstanding the |
510 | provisions of paragraph (b), the Governor and Cabinet in their |
511 | capacity as the Administration Commission, at the recommendation |
512 | of the Department of Environmental Protection, shall set a |
513 | reasonable amount of surety required under this subsection. The |
514 | surety amount shall be based on the projected cleanup costs and |
515 | natural resources damages resulting from a maximum oil spill and |
516 | adverse hydrographic and atmospheric conditions that would tend |
517 | to transport the oil into environmentally sensitive areas, as |
518 | determined by the Department of Environmental Protection. |
519 | Section 8. This act shall take effect July 1, 2009. |