Southern Ute severance tax bonds.
From $100.
The Southern Ute Indian Tribe’s Severance Tax Code, Title 21 § 21-2-114, requires most working-interest owners and operators paying severance tax on reservation oil and gas to post security with the Tribe. This form is the version our carrier issues to an LLC. Premiums cost 2% of the bond amount, $100 minimum.
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How much does a Southern Ute severance tax 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 severance-tax security — enter your amount, consent to a soft pull, and file with the Tribe. Here is the whole thing:
Apply online
Your LLC details, the security amount your severance-tax filing requires, the effective date, and a one-time consent to a soft credit pull.
Approved
Most applications clear the moment you pay — the soft pull informs approval and never affects your score. Pricing is 2% of the bond amount, $100 minimum.
File with the Tribe
Your executed bond and power of attorney arrive by email, ready to file with the CFO or Severance Tax Administrator. Wet-ink originals mailed on request.
What it is and who needs it.
What the severance tax security actually guarantees
The Southern Ute Indian Tribe imposes a 6.5% severance tax on oil, condensate, natural gas, methane gas, casinghead gas, and processed gas (and their associated liquid products) severed from tribal trust lands, tribally owned fee lands, and allotted or restricted lands within the boundaries of the Southern Ute Indian Reservation, under Title 21 of the Southern Ute Indian Tribal Code — the Severance Tax Code. Any working-interest owner, or a person claiming ownership of an interest in those substances, is generally liable for the tax; an operator commonly pays on behalf of the working-interest owners under an internal policy or agreement.
Under § 21-2-114 (Bonds and Other Security for Taxes), most working-interest owners and operators paying this tax must post security with the Tribe in an amount equal to the highest tax liability that previously accrued to that owner or operator during any two-month period. The security can take the form of a surety bond, a cash deposit held in suspense by the Tribe, an assignment of a certificate of deposit, or an irrevocable letter of credit. It is released once the taxpayer is no longer subject to the Code and the Tribe's Chief Financial Officer (or the designated Severance Tax Administrator) confirms no tax, penalty, or interest liability remains outstanding.
A working-interest owner or operator who has paid the tax for five consecutive years with a record of good standing and compliance can apply in writing to the Tribal Council (or its authorized representative) for a waiver of the security requirement. Everyone else posts security sized to their own two-month liability — enter that figure and we price the bond from a $100 minimum, after a soft credit pull that never affects your score.
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 premium covers a one-year term from the effective date you choose.
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 Tribe. Your executed bond and power of attorney arrive by email, ready to file with the CFO or Severance Tax Administrator. Wet-ink originals mailed on request.
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.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual underwriting fields, including your LLC details and a one-time consent to a soft credit pull. The pull never affects your score, and your price — from a $100 minimum — is set at application.
Start the application →Common questions.
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Price and requirements checked on the carrier’s application, . Page updated .
Post your severance-tax security today.
Priced at 2% of the amount, $100 minimum. Enter your highest two-month tax liability and file with the Tribe the same day.