1 (800) 308-4358
Mon-Fri 7am-7pm CST
  1. 1. Choose A State
  2. 2. Choose A Bond
  3. 3. Enter Your Contact Info
  4. 4. Receive Your Free Quote

Montana Oil and Gas Well Bond

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

The Montana Board of Oil and Gas Conservation requires those who own or operate oil and/or gas wells to post a surety bond to legally work within the state. The required bond amounts vary depending on depth of the wells and how many wells are owned by the principal (well operator).

For operators who own a single existing or soon-to-be acquired well, the required bond amounts are:

  • $1,500 if the depth of the well is 2,000 feet deep or less
  • $5,000 if the depth of the well is 2,000-3,501 feet deep
  • $10,000 if the depth of the well is more than 3,501 feet deep

For operators who own or operate multiple wells, the required bond amount is $50,000.

The Board can increase the required bond amount if it sees fit. Applicants should verify their required bond amount with the state prior to bonding.

These bonds are subject to underwriting, so the best way to find out exactly how much you’ll pay for your surety bond is to request a free surety bond quote now!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Oil and Gas Well Bond One well - depth of 2,000 feet or less $1,500 Starts at $100 $100-200 $200+ Apply Now
Oil and Gas Well Bond One well - depth of 2,001-3,501 feet $5,000 Starts at $100 $250-400 $500+ Apply Now
Oil and Gas Well Bond One well - depth of 3,501 feet or more $10,000 Starts at $100 $500-800 $1,000+ Apply Now
Oil and Gas Well Bond More than one well $50,000 Starts at $1,000 $2,500-4,000 $5,000+ 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.

Call 1 (800) 308-4358, or submit a bond request, to connect with our team of experts. We can typically provide you with a free, no-obligation surety bond quote within 1 business day of submitting your application.

Why do I need this bond?

Montana oil and gas well surety bonds ensure that principals (well operators) propose to drill a well or wells for oil, gas, underground injection or stratigraphic purposes and operate these wells in compliance with the provisions of the laws of the state and the rules, regulations and orders of the Board of Oil and Gas Conservation. The bond also covers the proper plugging of said well or wells, the restoration of the surfaces of the locations of said well or wells and the filing of all required notices and records with the board.

All rules, laws and regulations involving these bonds can be found in the Montana Administrative Rules and the Montana Code Annotated.

Don’t fall out of compliance with the laws of your state and industry! Begin the simple bonding process now.

What’s the fine print?

Montana oil and gas well bonds are released, upon request, after all liabilities are properly removed from the bond.

When filling out the bond form, it is imperative to understand which license/bond type you’re applying for. The following license/bond types are listed on the bond form:

  • blanket bond to cover all wells drilled or acquired in the state
  • limited bond to cover all wells drilled or acquired subject to limitations, if any
  • individual well bond to cover one well
  • UIC bond to cover salt water disposal or enhanced recovery injection wells
  • replacement bond to supersede and assume all wells covered by the bond

Ready to get started?

Get a FREE Oil and Gas Well Bond Quote Today!

Montana Board of Oil and Gas Conservation Surety Bond form

Montana’s Official State Website Montana Board of Oil & Gas Conservation

Montana Secretary of State Montana Administrative Code Rule 36, Chapter 22 Oil and Gas Conservation

Montana Code Annotated 2013 Title 82 . Minerals, Oil, And Gas Chapter 11. Oil and Gas Conservation

Free Shipping
50,000 Satisfied
Customers Nationwide
No Hidden Fees