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Florida Multiple Oil & Gas Wells Performance Surety Bond

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The State of Florida Department of Environmental Protection, Oil and Gas Program is the permitting authority for mining and minerals regulation programs. The program is tasked with conservation of oil and gas resources, health and human safety, environmental protection and rights protection. Through a process of permits and field inspections, the program ensures compliance of state laws.

The oil and gas program details can be found in Chapter 377 of the Florida Statutes and Rules 62C-25 through 30 of the Florida Administrative Code.

Surety Bond and Permit Requirements:

  1. Operators must pay the application fee.
  2. Completion of the Drilling Application (Form 3).
  3. Completion of the Organization Report (Form 1).
  4. Location Plat based on well location survey.
  5. Site construction plans.
  6. Casing and cementing programs.
  7. H2S Contingency plan if applicable.
  8. A $1,000,0000 performance surety bond (Oil & Gas Form 2A) is required for a multiple well permit. Obtain your surety bond from SuretyGroup.com. Instead of a surety bond, a Letter of Credit; Trust Fund payment; or other form of financial security is required. A performance bond covers up to 10 wells.

How Much Will This Bond Cost?

The premium that you pay for a Florida Performance Surety Bond for Multiple Oil & Gas Wells is dependent on credit, personal and business financial statements, and experience.

More Surety Bond Questions?

Check out our FAQ page. Should you need or choose to buy a surety bond, SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.

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