Mississippi oil & gas well bonds.
From $125.
Before drilling, an operator must give the Mississippi State Oil and Gas Board proof of financial responsibility guaranteeing that each well will be properly plugged and abandoned. The Board sets the amount by depth, number, and location of wells; a blanket bond is commonly $100,000. Pricing starts from $125.
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How much does a Mississippi oil & gas well bond cost?
5% of the bond amount plus a $25 fee, from $125. Enter your amount in the calculator for the exact price.
Three steps to bonded.
Your drilling permit is waiting on proof of financial responsibility. Here's the entire process:
Apply once, online
Your business details, the bond amount the Board requires, and the effective date — plus a one-time consent to a soft credit pull.
Approved
Most are approved as soon as you apply. One soft credit pull, never a hard inquiry, and it never affects your score. If it needs a second look, one to two business days at most.
E-sign & file with the Board
Pay online and receive the executed bond ready to file with the State Oil and Gas Board for your well permit. Wet-ink originals mailed whenever the Board insists.
What it is and who needs it.
What the performance bond actually covers
Mississippi regulates oil and gas drilling through the State Oil and Gas Board under Miss. Code Title 53. Before drilling, an operator must give the Board adequate proof of financial responsibility in a form the Board accepts, conditioned for the performance of the operator’s duties — chiefly the duty to properly plug each dry or abandoned well so it does not become an environmental liability.
The bond amount is based on the depth and number of wells and whether the well is on land or in offshore waters. Operators with many wells often post a blanket bond, commonly $100,000, rather than bonding each well individually. The Board can require additional financial responsibility if it deems the minimum insufficient (Miss. Code § 53-1-17).
If an operator fails to plug a well, the Board can use the bond to cover the work — and if the surety pays, the operator repays the surety. Enter the amount the Board requires; pricing is variable, from $125, with a quick soft credit check 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
E-sign & file with the Board. Pay online and receive the executed bond ready to file with the State Oil and Gas Board for your well permit. Wet-ink originals mailed whenever the Board insists.
What sets the price
The premium is 5% of the bond amount plus a $25 fee, $125 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 a one-time consent to a soft credit pull. Submit once and your bond is issued when you pay.
Start the application →Common questions.
Other Mississippi bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Well performance bond, issued today.
Pricing from $125, soft pull. Enter the amount the Board requires and file with your permit.