Virginia blanket operator bonds.
From $525.

A Virginia gas or oil operator can cover all of its wells with one blanket bond under Code of Virginia § 45.2-1633. The statute fixes the amount by well count, $25,000 for one to 10 wells, up to $200,000 for more than 200. Premiums are 2% of the bond amount plus a $25 fee, from $525 at the $25,000 tier.

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Authorized under § 45.2-1633 as a blanket alternative to per-well bonding

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Amount fixed by well count $25,000 to $200,000 — $25,000 covers one to 10 wells

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Premiums start from $525 — your exact price appears at the application; a soft credit check may apply and never affects your score

From $525starting premiumYour priceshown at applicationSoft pullnever affects your score

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How it works

Apply to filed in short order.

One blanket bond covers your whole Virginia operation. Here is the entire process:

TODAY · ONLINE

Apply online

Your business details, the blanket amount the Division set, and the effective date — that is the application. A quick soft credit check may apply and never affects your score.

WITHIN 48 HOURS

Reviewed & approved

Larger blanket amounts get a quick underwriting look; if anything is needed, an underwriter reaches out within 48 hours. Any credit check is a soft pull that never affects your score.

SAME / NEXT DAY

File with the Division of Gas and Oil

Receive the executed blanket bond ready to file under § 45.2-1633. Wet-ink originals mailed whenever the Division insists.

About this bond

What it is and who needs it.

What the blanket bond actually guarantees

A blanket bond lets an operator cover all of its Virginia gas and oil wells under a single filing rather than posting a separate bond for each. It is filed with the Division of Gas and Oil under Code of Virginia § 45.2-1633 and guarantees the same thing a per-well bond does: proper plugging and surface reclamation.

The statute fixes the blanket amount by the number of wells it covers — $25,000 for one to 10 wells, $50,000 for 11 to 50, $100,000 for 51 to 200, and $200,000 for more than 200. The Division may require additional security for wells in Tidewater Virginia.

It is not insurance for you. If the Division has to plug a well or reclaim a site and recovers against the bond, you repay the surety. We write the amount the Division set with premiums starting from $525 and one quick soft credit check.

Code of Virginia § 45.2-1633Code of Virginia § 45.2-1633 (Virginia Gas and Oil Act) lets an operator file a blanket bond covering multiple wells, in an amount the statute fixes by well count: $25,000 for one to 10 wells, $50,000 for 11 to 50, $100,000 for 51 to 200, and $200,000 for more than 200. The Director may require additional security for wells in Tidewater Virginia. Confirm your blanket amount on your Division of Gas and Oil notice.

You need this bond if you are

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Operating multiple gas or oil wells across Virginia under one filing

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Adding wells and want a blanket bond instead of per-well bonds

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An established operator the Division has assigned a blanket amount

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Replacing a prior blanket bond that expired or was non-renewed

One application, issued instantly.

These are the actual underwriting fields, including a quick soft credit check that never affects your score. Larger blanket amounts may get a quick underwriter review within 48 hours.

Start the application →

FAQ

Common questions.

How much is the Virginia blanket operator bond?Premiums start from $525. Section 45.2-1633 fixes the blanket amount by well count — $25,000 for one to 10 wells, up to $200,000 for more than 200 — and your exact price is 2% of the bond amount plus a $25 fee, shown at the application.

How does a blanket bond differ from a single-well bond?A single-well bond covers one well (at least $10,000 plus $2,000 per disturbed acre). A blanket bond covers all of your Virginia wells under one filing, in an amount the statute fixes by well count, $25,000 to $200,000. We write both.

Who requires this bond?The Virginia Department of Energy’s Division of Gas and Oil, as a condition of your gas and oil permits under § 45.2-1633.

Is there a credit check?A quick soft credit check may apply — it’s never a hard inquiry and has no impact on your score. Your price is 2% of the bond amount plus a $25 fee — $525 at the $25,000 statutory minimum.

Can my blanket amount change?Yes. The blanket amount follows your well count — it steps to $50,000 at 11 wells, $100,000 at 51 and $200,000 above 200. When the Division moves you to a new tier, send us the notice and we re-issue at the new figure.

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.

Related bonds

Other Virginia bonds.

One bond for your whole Virginia operation.

Premiums from $525, soft pull only. Enter the blanket amount the Division set and file in short order.

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Your premiumfrom $525

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