In the realm of the Alaska Oil and Gas Conservation Commission's regulatory framework, the 1004D form stands as a critical document for operators within the state's oil and gas industry. Serving as a bond, it embodies a financial guarantee from operators to the Commission, ensuring adherence to the state laws, regulations, rules, and orders related to the drilling, operation, maintenance, repair, and abandonment of wells, along with the clearance of each location. Bonds, as articulated in the form, can be presented through multiple mediums - a Certificate of Deposit, an Irrevocable Letter of Credit, or other Commission-approved securities - offering flexibility in compliance. The document delineates specifics regarding the minimum penal sum required, which varies based on the operation's scope, either as a single well bond or a blanket bond covering multiple wells. Moreover, it highlights the continuous obligation of the operator to comply with all regulatory requirements until officially released by the Commission. Through these measures, the form plays a pivotal role in safeguarding environmental standards and operational integrity within Alaska's vital oil and gas sector.
| Question | Answer |
|---|---|
| Form Name | Form 1004D |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | appraisal 1004d, 1004 d, inspection form 1004d, fannie mae 1004d form |
