Oklahoma gross production tax bonds, purchaser.
From $100.
The bond a first purchaser of oil, gas, or other minerals files on form BT-158 with the Oklahoma Tax Commission to be assigned a gross production tax reporting number and remit the tax. The Commission sets the amount; pricing is 1% of the bond amount, with a $100 minimum. Your exact price appears at the application.
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How much does an Oklahoma gross production tax bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard BT-158 — enter your amount, apply, and file with the Tax Commission. Here is the whole thing:
Apply online
Your business details, the bond amount the Commission required, and the effective date — that is the application.
Issued, or a quick review
Most applicants are approved instantly at 1% of the bond amount, or the $100 minimum. Above $10,000, a soft pull may add a short review.
File with the Tax Commission
Submit the executed BT-158 to the Oklahoma Tax Commission with your gross production tax registration. Wet-ink originals mailed whenever the agency insists.
What it is and who needs it.
What the BT-158 purchaser bond covers
Oklahoma taxes the production of oil, gas, and other minerals as a gross production tax under Title 68. When you act as a first purchaser — the party that buys product at the wellhead and remits the tax on the producer’s behalf — the Oklahoma Tax Commission can require a surety bond as a condition of your reporting number.
The bond is filed on form BT-158 and guarantees that you pay all gross production tax, penalties, and interest due the State of Oklahoma while it is in force. The Tax Commission generally sets the amount at about three months’ estimated tax liability, so it scales with the volume you handle.
It is a guarantee to the state, not insurance for you — if the surety pays unremitted tax, you repay the surety. Purchasers who remit on time treat the bond as a registration formality. Enter the amount on your Commission notice; pricing is 1% of that amount, with a $100 minimum.
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 Tax Commission. Submit the executed BT-158 to the Oklahoma Tax Commission with your gross production tax registration. Wet-ink originals mailed whenever the agency insists.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $10,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
Priced at the application.
Submit the application with the bond amount the Tax Commission set — priced at 1% of that amount, with a $100 minimum, issued instantly for most.
Start the application →Common questions.
Other Oklahoma bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Gross production tax bond, issued today.
Priced at 1% of the bond amount with a $100 minimum — enter the amount the Tax Commission set, then file the same day.