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Release of Financial Assurance for Well Plugging

Please note that, pursuant to Rules 19.15.8.9(C)  and 19.15.8.12(A), release of financial assurity on wells that no longer require financial assurance for plugging is not automatic.  Our division may ONLY release bonding upon written request by the operator or surety.  Operators may make their written request to the division's plugging bond administrator either by fax to (505) 476-3462 or by e-mail to dorothy.phillips@state.nm.us.

For release of other types of financial assurance, please contact the division.

 

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