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Is a Performance Surety Bond for Multiple Oil & Gas Wells in Florida Required?

Silhouette of oil wells in a field

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.

The well permit process includes:
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.. In lieu 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.

Contact SuretyGroup.com:

Phone: 1‑844‑432‑6637
Fax:     404-351-3237
Hours: 8:00-5:00 CST, Monday through Friday

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