What are the bonding requirements for an oil and gas related well?
Each well drilled for oil and gas purposes must have an individual bond in the amount of $2,500 unless you or your company qualify under the Annual Well Fee only program (For more information about this program please call the Assistant Director, Permitting and Compliance at 317-232-6961 or by e-mail at Jim AmRhein jamrhein@dnr.IN.gov). Instead of an individual bond an applicant may maintain a $45,000 blanket bond to cover any number of wells.
