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California
Ventura County Oil and Gas Bond

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Coverage Amount: $1,000 - $100,000
Term Length: 1 year
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Ventura County Oil and Gas Bond Guide

If you’re applying for an oil and gas project permit in Ventura County, you’ll likely need this surety bond. 

Bond Overview

  • Purpose: To cover damages if well drilling projects are completed improperly 
  • Who Needs It: Facility operators conducting oil and gas exploration and production activities in Ventura County, CA
  • Regulating Body: The County of Ventura Resource Management Agency
  • Required Coverage: $10,000–$100,000
  • Premium Rate: 1–10%, credit-based

Learn all about the bond requirements and process in this guide. 

What Is a Ventura County Oil and Gas Bond?

A Ventura County, California oil and gas bond holds well drillers and oil and gas facility operators responsible for completing exploration and production projects properly. 

If the county suffers damages due to improper well drilling work, the bond can be used to cover damages in court.

How Much Do Oil and Gas Bonds Cost?

Ventura County oil and gas bonds cost a small percentage of the required coverage amount, typically 1–10%.


Exact rates vary based on personal credit score. Apply for your free quote now!

Bond Type
$1,000-$100,000Ventura County Oil and Gas Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

Who Needs an Oil and Gas Bond? 

The County of Ventura Resource Management Agency requires at least $10,000 financial security for each well that is to be drilled under a permit. 

A surety bond is typically the most efficient and affordable form of financial security for well drillers in California. 

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get a Ventura County oil and gas bond. Just follow these quick steps: 

  1. Apply: Submit an online quote request form
  2. Quote: Receive your quote within one day
  3. Sign: Complete the indemnity agreement 
  4. Buy: Purchase the bond online 24/7

We’ll email you the bond shortly after purchase. Be sure to file it with the county as instructed. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a Ventura County Oil and Gas Bond Work? 

An oil and gas bond creates a legal contract between these three parties: 

  1. Principal: You, the oil and gas exploration and production facilities filing the bond
  2. Obligee: The County of Ventura Resource Management Agency, Planning Division requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding all permit regulations and performing safe well drilling. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety. 

How Do I Renew My Bond?

These bonds expire annually. To renew your oil and gas bond, simply pay your renewal invoice when prompted.

We’ll begin contacting you by phone and email 90 days before the expiration date. You must maintain a bond until officially released by the county. 

More Resources

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