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Do current “qualified” operators have to file an audited financial statement?

April 26, 2017audited file financial statement operators

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Do current “qualified” operators have to file an audited financial statement?

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No, this requirement applies only to any new or “non-qualified” operators that desire to become a “qualified” operator under the “qualified” blanket bonding tiered structure. If you currently operate under a blanket bond, you simply continue to operate as in the past, but must upgrade your bond in accordance with the tiered structure if you add new wells after July 15th, 2006.