Official: Oil and gas driller meets Texas city's bond requirements

11/14/2012 | Port Arthur News (Texas)

A Houston energy company wants to drill for oil in Port Arthur, Texas, and has met the requirements of the city's ordinance for doing so, according to the city's senior planner. The ordinance requires the company to post a $25,000 surety bond and to obtain a $450,000 bond to protect against damage to a nearby street, the senior planner said, adding that he wasn't aware of any opposition to the driller's request for a permit.

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Port Arthur News (Texas)

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