AK oil & gas operator bonds.
Flat 3%. Enter your amount.

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.

Required under AS 31.05.030 and 20 AAC 25.025 before the AOGCC issues a permit to drill
Single-well or statewide blanket — the AOGCC sets the amount for your operation
Flat 3%, no credit pull — enter the required amount and the premium updates
Flat 3%of your bond amount$275minimum premiumNo creditcheck to issue
Trusted by industry leaders
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
How it works

Apply to filed in 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:

TODAY · 5 MINUTES

Apply online

Your operating company details, the bond amount the AOGCC required, and the effective date — that is the entire application.

QUICK REVIEW

Issued without a credit pull

No credit check on this bond. Larger statewide blanket amounts may get a brief underwriter review, but most issue quickly.

SAME DAY

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.

The whole pricing page.

Bond amount × 3% = your premium, one-time, $275 minimum. Enter the figure the AOGCC required and the premium updates.

$100,000 bond
$3,000
$200,000 bond
$6,000
$500,000 bond
$15,000
About this bond

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, at a flat 3% with no credit check; larger blanket amounts may get a quick review.

AS 31.05.030(d) · 20 AAC 25.025Under AS 31.05.030(d), the Alaska Oil and Gas Conservation Commission may require a reasonable bond with sufficient surety conditioned on plugging each dry or abandoned well and repairing wells causing waste. Commission regulation 20 AAC 25.025 lets an operator post a single-well or statewide bond (surety on AOGCC Form 10-402A). Confirm the required amount and form with the AOGCC for your operation.

You need this bond if you are

An oil or gas well operator applying to the AOGCC for a permit to drill
Filing a statewide blanket bond to cover all wells your company operates
A geothermal well operator subject to the same Commission bonding requirement
Taking over wells from another operator and posting your own security

Five minutes, 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 pull.

Start the application →
FAQs

Common questions.

If yours isn't here, the bond team can usually answer within the hour.

How much is the Alaska oil & gas operator bond? +
The premium is a flat 3% of the bond amount, with a $275 minimum. The amount itself is set by the AOGCC — single-well or statewide blanket. Enter the figure on your Commission requirement and the quote updates.
What does the bond guarantee? +
That you plug each dry or abandoned well and restore the well site under AOGCC rules. If you fail to and the Commission has to fund the work, it can recover against the bond — and if the surety pays, you repay the surety.
Single-well or statewide blanket? +
Either. Under 20 AAC 25.025 you can post a single-well bond for one well or a statewide blanket bond covering all wells your company operates. The AOGCC sets the amount; we issue whichever you need.
Is there a credit check? +
No — this bond is issued with no credit pull. Larger statewide blanket amounts may get a brief soft-pull underwriter review, which never affects your credit score.
How long does the bond stay in force? +
From your first permit to drill until every well your company operates is plugged and abandoned and every well site is restored to the AOGCC's satisfaction. We track the renewal so the filing stays continuous.
Related bonds

Other New York bonds.

Operator bond, issued for the AOGCC.

Five-minute application, flat 3%, $275 minimum. Enter the amount the Commission required and file with your permit.

Your premium @ 3%$3,000
Apply now →