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(SD)-Bond Seized From Failed Oil-Drilling Company

By: John Axtell Posted at: 03/19/2017 01:01 PM
PIERRE, S.D. (AP) - The South Dakota Board of Minerals and Environment has taken final action to seize $130,000 from a failed oil-drilling company, but acknowledges an open well left near Wasta could pollute underground water.

      The $130,000 bond taken from Quartz Operations LLC is just a fraction of the estimated $2-million it will take to plug aquifers pierced by the company's borehole.

     The state board acted after approving findings of fact, and conclusions of law following an investigation. It also revoked the oil and gas permit held by Quartz Operations.

       Department of Minerals and Environment officials say they will monitor water wells in the area of the Wasta borehole for any changes in water quality.


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