Bonding
The Division of Oil, Gas and Mining utilizes the below Tech 7 policy for guidance on bond calculations.
Standardized Reclamation Cost Estimator and Utah Cost Data File
The Standardized Reclamation Cost Estimator Version 2.0 (SRCE) is an EXCEL workbook file that contains the standardized cost data utilized by the SRCE model to calculate reclamation bonding requirements. The SRCE model may be downloaded from the following webpage:
This webpage also contains useful features such as frequently asked questions, user comments and suggestions, bug reports, and other supporting documentation regarding SRCE. When downloading the workbook file ensure that the most recent version is being used to allow ease of use.
For the SRCE model to function correctly and calculate a reclamation bond amount that is acceptable to the Division, the user must also download the Utah Cost Data File* from the link below. The Utah Cost Data File contains Labor Rates, applicable fuel, equipment rental rates, etc. that are inputs for the SRCE model. The Utah Cost Data File is updated on an annual basis for accurate inputs.
Link to Excel Download of Utah Cost Data File
*Please note that the Utah Cost Data File is only compatible with SRCE Version 2.0.
Indirect costs are specified by the Division’s Tech 7 Policy. All SRCE Models submissions must be accompanied by the below Coversheet.
Link to Excel Download of Utah Cover File
Worksheets
The following are Bonding Worksheets that can also be used to calculate site specific bonds for cases not covered under the SRCE model.
Bonding Revegetation Worksheet
Contacts
Anyone with questions should contact:
Wayne Western at waynewestern@utah.gov or (801) 538-5263
Kim Coburn at kcoburn@utah.gov or (385) 321-3721
Bryan Rue at bryanrue@utah.gov or (801) 644-1529
Bailee Jones at baileejones@utah.gov or (801) 949-4832