New Mexico blanket well plugging bonds.
From $125.
New Mexico’s Oil Conservation Division requires plugging financial assurance for the wells you operate. A blanket bond covers all of them at a tiered amount keyed to your well count under 19.15.8 NMAC. Pricing starts from $125 — enter the amount that matches your tier and your exact price appears at the application.
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How much does a New Mexico blanket well plugging 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. One sitting.
Enter your blanket amount, consent to a soft pull, pay, and file with the OCD. Here is the whole thing:
Apply online
Operator details, the blanket amount your tier 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.
File with the OCD
Pay online and receive the executed financial assurance, payable to EMNRD’s Oil Conservation Division. Wet-ink originals mailed on request.
What it is and who needs it.
What the blanket plugging bond actually covers
New Mexico’s Oil Conservation Division (OCD), part of EMNRD, requires every operator to post financial assurance for plugging and abandoning its wells under 19.15.8 NMAC. A blanket bond satisfies that requirement for all of an operator’s wells at once, rather than well-by-well.
The blanket amount is tiered by how many wells you operate. Under 19.15.8.9 NMAC the active-well tiers run from $50,000 for a small operator up through higher amounts as your well count grows. The bond stands behind the cost of plugging if you fail to — letting the OCD plug orphaned wells on your tab.
It is not insurance for you — if the OCD draws on the assurance to plug your wells, you remain liable to repay the surety. We issue the amount that matches your tier, with pricing starting from $125; confirm the exact figure on your OCD filing, since the tiers and the single-well alternative are set by rule.
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 OCD. Pay online and receive the executed financial assurance, payable to EMNRD’s Oil Conservation Division. Wet-ink originals mailed on request.
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, then a quick review.
Submit the application with your blanket amount and a one-time soft-pull consent — issued when you pay, ready to file with the OCD.
Start the application →Common questions.
Other New Mexico bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Blanket plugging assurance, filed fast.
Pricing from $125. Enter your tier amount and file with the OCD.