NM blanket well plugging bonds.
Flat 3%. Enter your amount.
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. We issue it at a flat 3% — enter the amount that matches your tier.
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Apply to filed in 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.
Reviewed & approved
Most clear quickly; if underwriting needs anything you hear within 48 hours. The credit check is a soft pull that never affects your score.
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.
The whole pricing page.
Bond amount × 3% = your premium, one-time, $275 minimum. Enter the blanket amount your well count requires and the premium updates.
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 at a flat 3%; 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
Five minutes, then a quick review.
Submit the application with your blanket amount and a one-time soft-pull consent — most clear within 1–2 business days, ready to file with the OCD.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
How much is the New Mexico blanket well plugging bond? +
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Other New York bonds.
Blanket plugging assurance, filed fast.
Five-minute application, flat 3%, $275 minimum. Enter your tier amount and file with the OCD.