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Oklahoma Oil & Gas Operator Bond
Oklahoma now sets the operator bond by how many wells you operate, from $25,000 to $150,000.
Rules as of Sep 29, 2026Bond tiers by wells operated
An Oklahoma oil and gas bond (the OCC Category B operator bond) is sized by the number of wells you operate. Under OAC 165:10-1-10, the OCC sets these amounts:
| Wells operated | Bond amount |
|---|---|
| 1-10 | $25,000 |
| 11-50 | $50,000 |
| 51-100 | $100,000 |
| More than 100 | $150,000 |
The Director may set the $25,000 base higher. The maximum is $150,000, including performance-based and good-cause increases.
Source law: HB 1369 (2025), enrolled. The rule text is OAC 165:10-1-10, as amended effective 02-18-2026. Rules as of Sep 29, 2026. Confirm your tier with the Oklahoma Corporation Commission before you file.
Not sure which row you fall in? Pick "Not sure" on the form and we will help you sort it out.
Optional phase-in (due by your Form 1006B renewal)
You do not have to post the full amount at once. The optional phase-in steps the higher tiers up over three years, and each amount is due by your Form 1006B renewal.
| Tier | 2026 | 2027 | 2028 |
|---|---|---|---|
| $50,000 (11-50 wells) | $33,300 | $41,600 | $50,000 |
| $100,000 (51-100 wells) | $50,000 | $75,000 | $100,000 |
| $150,000 (more than 100 wells) | $66,500 | $108,000 | $150,000 |
The $25,000 tier (1-10 wells) has no step-up.
How a step-up works at renewal. Each year, the amount in the table above is what your bond needs to cover by your Form 1006B renewal. If you renew in 2026, use the 2026 column. If you renew in 2027, use the 2027 column. By 2028, the full tier amount applies. Tell us your renewal date and we will show you the amount for that year.
Quote your step-up now. Knowing next year's amount lets you plan the renewal.
Quote your step-up nowCategory A is not an option for new operators
Under HB 1369, the financial-statement option (Category A) is no longer accepted for new operators to select.
If you are a new operator, or you are moving from Category A to a bond, you need a Category B surety bond on Form 1006B. Choose "New operator" or "Switching from Category A" on the form and we will quote it.
Can you post less?
Possibly. If your plugging liability is below your tier amount, a Form 1006D plugging-liability affidavit from a licensed plugger can support a lower amount.
Ask us about it when you request your quote. The OCC decides whether the lower amount is accepted.
Buying wells? Check your tier first
Acquiring wells can move you into a higher tier. If a transfer does, you must post that tier's surety before the OCC approves the transfer.
Count the wells you will operate after the deal, not just the wells you operate today. Choose "Acquiring wells (transfer)" on the form so the bond is ready when the transfer is filed.
How to get bonded
- Tell us your well count and situation. Use the form above. It is a short form.
- Review your quote. Same-day submission: we send your request to carriers for your tier, including any phase-in step, the day it arrives.
- File with the OCC. The executed bond goes to the Oklahoma Corporation Commission on Form 1006B.
What it costs
The premium is typically a small percentage of the bond amount per year; the carrier sets the final price.
We work with carriers that write challenged credit; the carrier decides.
Your price is an estimate until the surety underwrites your application. Free quote. No hidden fees.
Federal leases
Operating on federal land? That is a separate bond from the state operator bond. See our BLM lease bond page for the $150,000 and $500,000 federal amounts.
Frequently asked questions
How much is an Oklahoma oil and gas bond?
Do I have to post the full amount in 2026?
Can I still use a financial statement instead of a bond?
What is Form 1006D?
Do I need a bigger bond if I acquire wells?
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