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Texas Oil and Gas Operations Blanket Bond

If you are looking for surety bond information, forms, or the application for a Texas Oil and Gas Operations Blanket Performance Bond (P-5PB) for the Railroad Commission of Texas, connect with one of our surety experts today! Call us at (866) 595-6595 or submit a bond request now. We will make sure to walk you through each step of the bonding process.

Some information to note when applying for this type of bond:

Due to current economic conditions in the industry, these bonds have become increasingly difficult to write.

Because of this, there are only a few carriers in the market that are willing to handle them. As such, they are looking for applicants that are very strong financially (i.e. a good financial track record, strong balance sheet, and very good credit rating).

Given this, carriers may still require collateral in some form, the most common form being an Irrevocable Letter of Credit.

Why Choose The ProSure Group?

Whether you are looking for a Texas Oil and Gas Operations Blanket Performance Bond or other type of surety bond in Texas or elsewhere in the United States, The ProSure Group can help. As specialists in the surety bond industry, our experienced and knowledgeable experts will navigate finding the right surety bond for you while streamlining the entire bond procurement process.

Our goal is to lessen this burden for you so that you can focus on running your business!

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Texas Oil and Gas Operations Blanket Bond Surety Bond Experts!
Type Bond Obligee Bond Amount
License Texas Oil and Gas Operations Blanket Bond (If you operate 10 to 100 wells) State of Texas Railroad Commission of Texas
$50,000
License Texas Oil and Gas Operations Blanket Bond (If you operate less than 10 wells) State of Texas Railroad Commission of Texas
$25,000
License Texas Oil and Gas Operations Blanket Bond (If you operate over 100 wells) State of Texas Railroad Commission of Texas
$250,000