A. Filing Of Application: Every person desiring to drill, maintain or operate an oil, gas or disposal well in the city shall file an application therefor in writing in the form required by the city clerk-treasurer, signed by the applicant or his agent authorized to sign the same.
B. Identify Location: Such application shall specify the quarter section, township, range and the location within the quarter section thereof so as to identify said well location within a particular ten (10) acre tract.
C. Equipment And Mud Program Specified: All equipment to be utilized in the drilling, operation or maintenance of said well shall be specified in said application with particularity and the "mud program", as that term is defined in section 9-6-1 of this chapter, shall be specified and attached in writing thereto, for approval by the city clerk- treasurer.
D. Inspection And Permit Fee: At the time of filing such application above required, such applicant shall pay to the city clerk-treasurer the sum of three hundred fifty dollars ($350.00) to defray the expenses of inspecting the specified location and drilling operations and, if completed as a producing well, in payment of the annual fee for the initial year of production and operation of said well.
E. Insurance:
1. Such applicant shall also, at said time, file with the city clerk-treasurer a copy of a policy of insurance issued by some corporate insurer licensed to do business within Oklahoma, evidencing current insurance of the owner, his driller, agents and employees, conditioned for the payment of all damages due to injury to persons or damage to property resulting from the drilling, operation or maintenance of the proposed well or any structure, machinery, equipment, pipelines, or appurtenances used in connection therewith, in an amount not less than two hundred fifty thousand dollars ($250,000.00).
2. Such policy shall contain no exclusion from coverage of contamination or pollution of surface or subterranean streams, watercourses, lakes or public or private water supplies.
F. Bond: Such applicant shall further deposit with the city clerk-treasurer cash in the sum of two thousand dollars ($2,000.00) as security for the performance by the owner, his driller, agents and employees, of all acts, construction of all structures and compliance with all requirements of this chapter during drilling operations to be conducted under the city drilling permit for which application is made. Such sum shall be forfeited to the city, in the event of any substantial violation or noncompliance by the owner, driller, their agents or employees with the provisions of this code pertaining to the drilling of said well. Otherwise the same shall be refunded in full to said applicant upon completion of the drilling operation and upon the posting by said applicant of a corporate surety bond in the sum of two thousand dollars ($2,000.00), executed by some insurer licensed to do business within Oklahoma, and conditioned to assure restoration of the surface of the land and plugging of said well upon its abandonment, according to the rules and regulations of the Oklahoma corporation commission and this code. (1991 Code § 14-3)