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Texas P-5 operator performance bonds.
From $125.
Every operator within the Texas Railroad Commission's jurisdiction must post financial assurance as part of its P-5 Organization Report. The bond amount depends on your well count or well depth. Pricing is 5% of that amount plus a $25 fee, $125 minimum — your exact price appears at the application.
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Three steps. One sitting.
Enter your amount, consent to a soft pull, and you have the executed performance bond for your P-5 filing. Here is the whole thing:
Apply online
Your operator details, P-5 number (leave blank if you do not have one yet), the bond amount, and the effective date — plus a one-time soft-pull consent.
Reviewed & approved
Smaller blanket amounts clear quickly; larger individual bonds may get an underwriter review within 48 hours. One soft credit pull, never a hard inquiry, and it never affects your score.
File with the Railroad Commission
Submit the executed performance bond with your P-5 Organization Report and financial assurance. Wet-ink originals mailed whenever the Commission insists.
What it is and who needs it.
What the P-5 performance bond actually covers
Every person who performs oil and gas operations within the Texas Railroad Commission's jurisdiction must file an annual P-5 Organization Report and post financial assurance under Natural Resources Code §§91.103 and 91.104. A performance bond is one accepted form of that assurance (alongside a letter of credit or cash deposit).
The bond guarantees that you properly maintain, plug, and abandon your wells and comply with Commission rules — it protects the State of Texas, not the operator. A blanket bond is sized by well count ($25,000 for 1–10 wells, $50,000 for 11–99, $250,000 for 100 or more); an individual bond is generally calculated by aggregate well depth at $2 per foot.
Operators may alternatively post the amount of the cost calculation to plug their inactive wells (capped at $2 million). Whatever figure your filing requires, enter it and we price the bond at 5% of that amount plus a $25 fee, $125 minimum, via a soft credit pull that never affects your score — if the surety ever pays the state, you repay the surety.
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 Railroad Commission. Submit the executed performance bond with your P-5 Organization Report and financial assurance. Wet-ink originals mailed whenever the Commission 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: approved instantly, or after a quick credit check.
These are the actual underwriting fields, including a one-time soft-pull consent. If you do not have a P-5 number yet, leave that field blank.
Start the application →Common questions.
Other Texas bonds.
Price and requirements checked on the carrier’s application, . Page updated .
P-5 performance bond, issued today.
Pricing from $125. Enter the amount your P-5 filing requires and see your exact price before filing with the Railroad Commission.