Instead of bonding each well separately, a Virginia gas or oil operator can file one blanket bond under Code of Virginia § 45.2-1633 covering all of its wells. The statute fixes the amount by well count — $25,000 for one to 10 wells, up to $200,000 for more than 200; premiums start from $525 at the $25,000 tier, with your exact price set at 2% of the bond amount plus a $25 fee, shown at the application. A quick soft credit check may apply and never affects your score.
















One blanket bond covers your whole Virginia operation. Here is the entire process:
Your business details, the blanket amount the Division set, and the effective date — that is the application. A quick soft credit check may apply and never affects your score.
Larger blanket amounts get a quick underwriting look; if anything is needed, an underwriter reaches out within 48 hours. Any credit check is a soft pull that never affects your score.
Receive the executed blanket bond ready to file under § 45.2-1633. Wet-ink originals mailed whenever the Division insists.
A blanket bond lets an operator cover all of its Virginia gas and oil wells under a single filing rather than posting a separate bond for each. It is filed with the Division of Gas and Oil under Code of Virginia § 45.2-1633 and guarantees the same thing a per-well bond does: proper plugging and surface reclamation.
The statute fixes the blanket amount by the number of wells it covers — $25,000 for one to 10 wells, $50,000 for 11 to 50, $100,000 for 51 to 200, and $200,000 for more than 200. The Division may require additional security for wells in Tidewater Virginia.
It is not insurance for you. If the Division has to plug a well or reclaim a site and recovers against the bond, you repay the surety. We write the amount the Division set with premiums starting from $525 and one quick soft credit check.
These are the actual underwriting fields, including a quick soft credit check that never affects your score. Larger blanket amounts may get a quick underwriter review within 48 hours.
Start the application →Premiums from $525, soft pull only. Enter the blanket amount the Division set and file in short order.