Alaska oil & gas operator bonds.
From $100.
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. The premium is 2% of the bond amount, $100 minimum — your exact price appears in the short application.
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How much does an Alaska oil & gas operator bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No long underwriting queue for the standard operator bond — enter your amount, pay, and file with the AOGCC. Here is the whole thing:
Apply online
Your operating company details, the bond amount the AOGCC required, and the effective date — that is the application.
Issued fast
No credit check up to $10,000. Larger statewide blanket amounts may get a brief underwriter review.
File with the AOGCC
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.
What it is and who needs it.
What the operator bond actually covers
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 — no credit check up to $10,000, and premiums start from $100; larger blanket amounts may get a quick review, and any check that does run is a.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The bond runs to December 31 whatever day you buy; the premium covers the period to that date.
Renewal falls on the statutory date, December 31, in the year your term ends.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the AOGCC. 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.
What sets the price
The premium is 2% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $10,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, then file.
Submit the application with the bond amount the AOGCC required — the executed bond is generated ready to file with your permit application. No credit check up to $10,000.
Start the application →Common questions.
Other Alaska bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Operator bond, issued for the AOGCC.
Premiums from $100, exact price shown before you pay. Enter the amount the Commission required and file with your permit.