The bond an oil, gas, or geothermal well operator files with the Alaska Oil and Gas Conservation Commission (AOGCC) as security to plug wells and restore sites. The AOGCC sets the amount — single-well or statewide blanket — and we issue it at a flat 3% with no credit check.
















No long underwriting queue for the standard operator bond — enter your amount, pay, and file with the AOGCC. Here is the whole thing:
Your operating company details, the bond amount the AOGCC required, and the effective date — that is the entire application.
No credit check on this bond. Larger statewide blanket amounts may get a brief underwriter review, but most issue quickly.
Submit the executed surety bond (the AOGCC uses Form 10-402A for surety) with your permit-to-drill application. Wet-ink originals mailed whenever the Commission insists.
Bond amount × 3% = your premium, one-time, $275 minimum. Enter the figure the AOGCC required and the premium updates.
The Alaska Oil and Gas Conservation Commission (AOGCC) regulates the drilling and operation of oil, gas, and geothermal wells. Before it issues a permit to drill, an operator must post security, and a surety bond satisfies that requirement under AS 31.05.030 and 20 AAC 25.025.
The bond guarantees the operator will plug each dry or abandoned well and restore the well site in accordance with Commission rules. An operator can file a single-well bond or a statewide blanket bond covering all of its wells; the bond stays in force from the first permit to drill until every well is plugged and abandoned and every site is restored.
The bond protects the state — if an operator fails to plug or restore, the AOGCC can recover against it to fund the work. If the surety pays, the operator repays the surety. We issue the amount the Commission set, at a flat 3% with no credit check; larger blanket amounts may get a quick review.
Submit the application with the bond amount the AOGCC required — the executed bond is generated ready to file with your permit application. No credit pull.
Start the application →If yours isn't here, the bond team can usually answer within the hour.
Five-minute application, flat 3%, $275 minimum. Enter the amount the Commission required and file with your permit.