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California Individual Oil and Gas Well Bond

How much does an oil and gas well bond cost in California?

The California Department of Conservation’s Division of Oil, Gas, and Geothermal Resources requires operators that drill, deepen or alter wells in the state to post a surety bond for each well being worked on. For wells that are less than 10,000 feet deep, the required bond amount is $25,000. For wells that are 10,000 feet or deeper, the bond requirement is $40,000. Applicants should verify their required bond amount with the state prior to bonding.

The premium price you’ll pay for your California surety bond depends not only on your required bond amount but also on a review of your personal credit report. Request your free bond quote now!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Individual Oil and Gas Well Indemnity Bond Well less than 10,000 feet deep $25,000 Starts at $250 $1,000-$2,000 $2,500+ Apply Now
Individual Oil and Gas Well Indemnity Bond Well 10,000 feet or deeper $40,000 Starts at $400 $1,600-$3,200 $4,000+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Have any questions, or ready to purchase your California surety bond quickly, easily and accurately? Give us a call at 1 (800) 308-4358 or complete our online bond request form to get started.

Why do I need this bond?

By posting a California individual oil and gas well surety bond, principals (oil and gas well professionals) pledge to fully comply with the provisions of Division 3 of the Public Resources Code and all rules and regulations of the State Oil and Gas Supervisor or the district deputy or deputies.

Violations of these terms include:

  • failing to keep an accurate log of the drilling
  • causing harmful substances to penetrate underground or surface water
  • causing unnecessary damage to the environment
  • and more

If the principal fails to conduct business in accordance with the letter of the law and the terms of the surety bond contract, the bond protects harmed parties from financial loss up to the full penal sum of the bond.

We can typically provide your free surety bond quote within 1 business day of submitting your application. Get started now!

How to become an operator in California

According to the California Department of Conservation, operators planning to redrill and rework existing oil wells in the state must post a surety bond. Individual oil and gas well bonds in California remain in full force and effect as long as the principal remains in compliance with the terms of the surety bond agreement.

The surety can cancel the bond according to the provisions of Section 3207 of the Public Resources Code. The bond is valid until the work on the well is completed to the satisfaction of the project’s supervisor.

What are the licensing requirements?

Operators planning to work on existing oil and gas wells in California must obtain a permit from the Department of Conservation before they can begin work. To receive a Permit to Rework/Redrill Well, applicants must submit a Notice of Intention to Rework/Redrill Well. Required information includes:

  • depth of the well
  • casing record of the well
  • present and anticipated zone pressure
  • present and anticipated completion zone
  • operator’s name, address & telephone number

Applicants planning to plug or abandon a well must submit a Notice to Abandon/Re-Abandon Well to the department.

In addition to a permit, you need a surety bond to perform work on an oil or gas well in California. Take a few minutes to fill out our online bond form to begin our fast and easy bonding process!

Ready to get started?

Get a FREE Individual Oil and Gas Well Bond Quote Today!

California Department of Conservation Oil and Gas Forms

California Public Resources Code Section 3200-3238

California Department of Conservation Well Permitting

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