N.M. Admin. Code § 19.15.8.12 - RELEASE OF FINANCIAL ASSURANCE
A.
The division shall release a financial assurance document upon the operator's
or surety's written request if all wells drilled or acquired under that
financial assurance have been plugged and abandoned and the location restored
and remediated and released pursuant to
19.15.25.9 NMAC through
19.15.25.11 NMAC, or have been
covered by another financial assurance the division has approved.
B. Transfer of a property or a change of
operator does not of itself release a financial assurance. The division shall
not approve a request for change of operator for a well until the new operator
has the required financial assurance in place.
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