Utah Admin. Code 649-2-9b

Current through Bulletin 2024-18, September 15, 2024
Section R649-2-9b - Imposition of Statutory Risk Compensation Award

In determining the level of any risk compensation award imposed within the range of 150% to 400% specified under Subsection 40-6-6.5(4)(d)(i)(D), the board may consider, among other factors, the geologic and engineering uncertainties and difficulties in drilling the well, the availability of information from prior and current drilling and development in the area, and the unique specified costs of the well.

Utah Admin. Code R649-2-9b

Adopted by Utah State Bulletin Number 2020-12, effective 6/1/2020
Amended by Utah State Bulletin Number 2020-15, effective 7/27/2020