Texas P-5 operator performance bonds.
From $125.

Every operator within the Texas Railroad Commission's jurisdiction must post financial assurance as part of its P-5 Organization Report. The bond amount depends on your well count or well depth. Pricing is 5% of that amount plus a $25 fee, $125 minimum — your exact price appears at the application.

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Required as P-5 financial assurance for oil and gas operators under Natural Resources Code §91.104

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Blanket amounts of $25,000 / $50,000 / $250,000 by well count, or an individual amount by well depth

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From $125, soft pull — enter your required bond amount at the application for your exact price

5% + $25 fee$125 minimumSoft pullnever a hard inquiryFastinstant underwriting for most

Trusted by industry leaders

How it works

Three steps. One sitting.

Enter your amount, consent to a soft pull, and you have the executed performance bond for your P-5 filing. Here is the whole thing:

TODAY · ONLINE

Apply online

Your operator details, P-5 number (leave blank if you do not have one yet), the bond amount, and the effective date — plus a one-time soft-pull consent.

WITHIN 48 HOURS

Reviewed & approved

Smaller blanket amounts clear quickly; larger individual bonds may get an underwriter review within 48 hours. The credit check is a soft pull that never affects your score.

SAME / NEXT DAY

File with the Railroad Commission

Submit the executed performance bond with your P-5 Organization Report and financial assurance. Wet-ink originals mailed whenever the Commission insists.

About this bond

What it is and who needs it.

What the P-5 performance bond actually covers

Every person who performs oil and gas operations within the Texas Railroad Commission's jurisdiction must file an annual P-5 Organization Report and post financial assurance under Natural Resources Code §§91.103 and 91.104. A performance bond is one accepted form of that assurance (alongside a letter of credit or cash deposit).

The bond guarantees that you properly maintain, plug, and abandon your wells and comply with Commission rules — it protects the State of Texas, not the operator. A blanket bond is sized by well count ($25,000 for 1–10 wells, $50,000 for 11–99, $250,000 for 100 or more); an individual bond is generally calculated by aggregate well depth at $2 per foot.

Operators may alternatively post the amount of the cost calculation to plug their inactive wells (capped at $2 million). Whatever figure your filing requires, enter it and we price the bond at 5% of that amount plus a $25 fee, $125 minimum, via a soft credit pull that never affects your score — if the surety ever pays the state, you repay the surety.

Natural Resources Code §91.104Texas Natural Resources Code §§91.103–91.104 require operators within the Railroad Commission's jurisdiction to file financial assurance with their P-5 Organization Report. The amounts are set one section further on: §91.1042 fixes the blanket performance bond at $25,000 (1–10 wells), $50,000 (11–99 wells), or $250,000 (100 or more wells), and §91.1041 sets an individual bond at $2 per foot of aggregate well depth. Separately, an operator seeking a plugging extension for inactive wells may post the Commission's cost calculation for plugging them, capped at $2 million — that is in addition to the P-5 financial assurance, not instead of it. Confirm the amount your P-5 filing requires.

You need this bond if you are

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A new oil and gas operator filing your first P-5 Organization Report with the Railroad Commission

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Renewing your P-5 and maintaining financial assurance for the coming year

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Acquiring wells that push you into a higher blanket-bond tier

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Replacing a letter of credit or cash deposit with a surety bond as your financial assurance

One application, issued instantly.

These are the actual underwriting fields, including a one-time soft-pull consent. If you do not have a P-5 number yet, leave that field blank.

Start the application →

FAQ

Common questions.

How much is the P-5 performance bond?Pricing is 5% of your bond amount plus a $25 fee, with a $125 minimum. The amount is your P-5 financial assurance — a blanket bond of $25,000, $50,000, or $250,000 by well count, or an individual amount based on well depth. Enter your figure at the application and your exact price appears.

Which amount applies to me?Blanket bonds are $25,000 for 1–10 wells, $50,000 for 11–99, and $250,000 for 100 or more. Individual bonds are generally $2 per foot of total well depth. If you are unsure, the Railroad Commission's financial assurance instructions for the P-5 spell out which applies.

What does the bond guarantee?That you properly maintain, plug, and abandon your wells and follow Railroad Commission rules. It protects the State of Texas — not the operator. If the surety pays the state, you repay the surety.

Is there a credit check?Yes — a quick soft credit check may apply, always a soft pull that never affects your score. Your bond amount sets the exact price — 5% plus a $25 fee, $125 minimum — the credit check affects approval only, never price. Larger individual bonds may get a closer underwriter review.

I do not have a P-5 number yet — can I still apply?Yes. Leave the P-5 number blank on the application. New operators often obtain the bond as part of filing their first P-5 Organization Report.

Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.

How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.

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P-5 performance bond, issued today.

Pricing from $125. Enter the amount your P-5 filing requires and see your exact price before filing with the Railroad Commission.

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