Evergreen Surety has launched a new oil and gas surety bonds page that shows how the agency places bonds for upstream operators, pipeline contractors, oilfield service companies, and midstream processors. Evergreen places these programs across the United States as an independent agency with direct access to the carriers that underwrite these risks.
The page also explains why oil and gas operators work with Evergreen Surety. The agency does surety only, so energy bond programs never sit behind commercial lines accounts or insurance products.
It knows the state conservation commissions it deals with regularly, including the Texas Railroad Commission, COGCC, WOGCC, NMOCD, and NDIC. As part of its energy and commodities practice, it holds carrier relationships built specifically for complex energy programs, and it’s appointed with 15 carriers, so when one declines there are real alternatives. It also coordinates with operators’ bankers, CPAs, and attorneys, which oil and gas financing and bond form review usually require.
Here’s what the page walks operators through:
- How well plugging and abandonment bonds, state conservation commission programs, and BLM federal lease bonds fit together, and why obligations to both have to be structured to satisfy each
- Why statewide blanket bond programs may now be underweight, as Colorado, Wyoming, North Dakota, and New Mexico raise the floor on what counts as adequate
- BOEM offshore decommissioning bonds and how they work alongside onshore BLM obligations
- Pipeline and midstream bonds, including right-of-way, FERC, and emerging CO2 and carbon capture bonds
- Surface use, reclamation, and underground injection control bonds for regulatory and environmental financial assurance
- When a surety-backed letter of credit makes sense for obligees that require letter of credit format
- Performance and payment bonds for drilling contractors, oilfield service companies, and EPC contractors building refineries, processing plants, and compression facilities
Operators who need a new bond placed, or an existing blanket program reviewed against current state adequacy thresholds, can reach Eddie Maxfield directly at 720-492-9258 or by email at emaxfield@evergreensurety.com. To start the conversation, reach the Evergreen Surety team here.
About Evergreen Surety
Evergreen Surety is an independent surety bond agency based in Littleton, Colorado. The agency is not owned by a carrier or affiliated with a larger insurance group, and is licensed throughout the United States and Canada. Evergreen works with energy producers, developers, contractors, and project teams to place complex bond programs with the carriers that specialize in these risks. For more information, visit evergreensurety.com.
About Tom Patton
Tom Patton is the President of Evergreen Surety and a Certified Construction Industry Financial Professional (CCIFP), leading surety bond programs for contractors, developers, and energy producers across the United States and Canada. Drawing on 15+ years of specialty surety experience and appointments with 15+ carriers, Tom is known for building programs that perform when called upon and solving the bond problems other agents walk away from.
About Eddie Maxfield
Eddie Maxfield is a Surety Advisor at Evergreen Surety, an independent, bonding-only agency serving contractors, developers, and energy producers across the United States and Canada. Working alongside President and founder Tom Patton, Eddie is the first call for new construction and commercial surety bond inquiries, with a focus on building relationships across Colorado and the Rocky Mountain region. Reach him at emaxfield@evergreensurety.com or 720-492-9258.
