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Oil and Gas Bonds

Oil and gas bonds are license/permit surety bonds. Oil and Gas Bonds are required by governing entities to ensure different aspects of operating and closing oil or gas wells are managed and/or completed in accordance to governing laws and regulations.

Some of the Oil and Gas well activities that have been scrutinized for compliance with applicable laws and regulations are as follows:

  • Well drilling, re-drilling, or deepening.
  • Well operation.
  • Well maintenance and repair.
  • Managing prevention of waste and pollution from well operations.
  • Well plugging and surface reclamation.

Bond amounts vary depending on the governing entity requiring the Bond. A bond may be required for each well although some states allow for a single bond to cover multiple locations.

Oil and gas bonds can be difficult to place. Viking has markets that work with these types of bonds nationwide. We can typically obtain a quote for these bonds the same day or within 24 hours of receiving the surety bond application and any required documentation.

Request a Well Permit Bond Quote:

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Call Us: (888-278-7389)