NOTICE
Financial Assurance for Kansas Oil & Gas Operators
(effective July 1, 2005)House Bill No. 2390 which was passed during the 2005 legislative session, increased the financial assurance requirements for oil and gas operators in Kansas.
For operators that have an acceptable compliance record over the last three years, the fee increased from $50.00 to $100.00.
For all other operators, the Blanket Bond or Letter of Credit amounts are now as follows:
Wells less than 2,000 feet:
| 1 – 5 wells | $7,500.00 |
| 6 – 25 wells | $15,000.00 |
| Over 25 wells | $30,000.00 |
Wells 2,000 or more feet in depth:
| 1 – 5 wells | $15,000.00 |
| 6 – 25 wells | $30,000.00 |
| Over 25 wells | $45,000.00 |
If you choose to pay the non-refundable fee in place of the bond amount, that fee increased from 3% of the bond required to 6% of the bond required.