Before drilling or operating a well in Corpus Christi, you need to file a permit and a Well Driller Bond with the City. The bond provides financial assurance to the City that your work will not leave environmental pollution from a well during operation and following its decommission.
With Jet, your Corpus Christi Well Driller Bond can cost as low as $200 a year for a $20,000 limit. Naturally, the bond limit required will be a major indicator of your actual cost.
Other financial considerations like credit score and financial statements are taken into account, as well as the number of wells, location of wells, well depth and projected time of drilling operations. See the chart below for what rate a preferred applicant would be approved for.
Bond Limit | Annual |
---|---|
$20,000 | $200 |
$50,000 | $500 |
$100,000 | $1,000 |
This surety bond’s required limit set by Corpus Christi is based on the location of the well and occasionally, on the number of wells in operation. A Well Driller Bond cannot be more than $200,000, regardless of the number of well permits held.
Bond Limit | Surface Location | Accessible By |
---|---|---|
$20,000 for any number of wells | Land | Land Vehicles |
$50,000 per well | Bay | Marine Vessel Only |
$200,000 far any well permit | Gulf of Mexico | No Specification |
When you apply for the surety bond, your application will be submitted for review by a Jet underwriter, considering the different factors mentioned above. Once your quote is ready, it will be emailed to you and you can purchase it right away! Jet will prepare your surety bond and send it to you for filing. The Oil and Gas Permit and Well Driller Bond must be sent to:
Gas Department
4225 S Port Ave
Corpus Christi, TX 78415
As a well driller or operator you are responsible for following the regulations given in Chapter 35 of the Corpus Christi City Ordinances. Included are requirements that protect the health of the environment, which is a major purpose of the Well Driller Bond. Other actions that the bond is conditioned on are:
You have a duty to try and alleviate any failings in paying incurred costs or cleaning up the well. Claims can be filed to compensate for property damage, bodily injury or death, deprivation, environmental impairment, inverse condemnation, or other failure to follow Chapter 35.
If you get a claim, call Jet right away! We will look into the claim and see if there is a way to dig you out of the hole you’re in. But if the claim holds up, Jet will have to pay out the claim. Don’t think you’re out of the thick stuff yet though, because you must pay Jet back for the amount that was paid out.
Other bonds may be required before work can be started in Corpus Christi. See the surety bonds below that are mentioned in the City Ordinances.