Virginia blanket operator bonds.
From $525.
A Virginia gas or oil operator can cover all of its wells with one blanket bond under Code of Virginia § 45.2-1633. The statute fixes the amount by well count, $25,000 for one to 10 wells, up to $200,000 for more than 200. Premiums are 2% of the bond amount plus a $25 fee, from $525 at the $25,000 tier.
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How much does a Virginia blanket operator bond cost?
2% of the bond amount plus a $25 fee, from $525 at the $25,000 minimum. Enter your amount in the calculator for the exact price.
Apply to filed in short order.
One blanket bond covers your whole Virginia operation. Here is the entire process:
Apply online
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.
Reviewed & approved
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.
File with the Division of Gas and Oil
Receive the executed blanket bond ready to file under § 45.2-1633. Wet-ink originals mailed whenever the Division insists.
What it is and who needs it.
What the blanket bond actually guarantees
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.
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 Division of Gas and Oil. Receive the executed blanket bond ready to file under § 45.2-1633. Wet-ink originals mailed whenever the Division insists.
What sets the price
The premium is 2% 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 quick soft credit check that never affects your score. Larger blanket amounts may get a quick underwriter review within 48 hours.
Start the application →Common questions.
Other Virginia bonds.
Price and requirements checked on the carrier’s application, . Page updated .
One bond for your whole Virginia operation.
Premiums from $525, soft pull only. Enter the blanket amount the Division set and file in short order.