Keeping Businesses Bonded

Michigan Potash Mining Boom

Potash could mean big business for Michigan. writes surety bonds for potash drilling in Michigan.

North-central Michigan is potentially sitting on 65 billion dollars.

About 1 ½ miles underground is a potash reserve developed from an ancient sea, with possibly the best potash available in the world.

Potash is a salt that contains potassium, an important ingredient for crops, which farmers use for fertilizer.  U.S. farmers use around 10 million tons of potash a year, but currently, the U.S. only mines around 300,000 tons yearly. Once mined, this would be a huge boon to Michigan’s economy.

Michigan Mining Regulations

The Oil, Gas and Minerals Division of Michigan’s Department of Environmental Quality regulates several mining industries in the state to ensure the protection of the environment, property, and public health and safety.

The Natural Resources and Environmental Protection Act requires financial assurance from those who are operating mineral wells, which includes potash mining. This ensures compliance with the Act, along with compliance with state laws and regulations.

Financial assurance can include a cash bond, certificate of deposit, letter of credit, surety bond, or statement of financial responsibility.

Surety Bond amounts for Michigan mineral wells

Blanket permit for test wells

  • $05,500.00 for 1 to 24 wells
  • $11,000.00 for 25 to 49 wells
  • $16,500.00 for 50 to 75 wells
  • $22,000.00 for 76 to 200 wells

Individual test well permit

  • $05,500.00 for a depth of 0 to 1000′
  • $11,000.00 for a depth greater than 1000′ to 2000′
  • $22,000.00 for a depth greater than 2000′ to 4000′
  • $33,000.00 for a depth greater than 4000′

Individual Disposal, storage, or brine well

  • $33,000.00

Blanket coverage for Disposal, storage, brine, and individual test wells

  • $440,000.00

Surety bonds are to be submitted to:

Michigan Department of Environmental Quality
Office of Oil, Gas, and Minerals
Permits and Bonding Unit
PO Box 30256
Lansing, MI 48909-7756

How Do I Get a Surety Bond?

Contact the Surety Bond Specialists at for a free quote that fits your specific needs. Call 844-432-6637, or email to get started. – Your Online Bond Provider.

Great Rates. Solid Advice. Quick Solutions.

Oregon Mortgage Servicer License Change

A house for sale writes Oregon mortgage Servicer bonds.

New Law Protects Homeowners

In 2017, Oregon lawmakers wanted to make sure that their state’s mortgage servicers didn’t engage in actions that violated state or federal laws or conducted fraudulent, deceptive or dishonest dealings. In August of that year, the Oregon Senate passed Bill 98, the Oregon Mortgage Loan Servicer Practices Act, also known as the “Servicer Act.” The new law went into effect on Jan. 1, 2018.

This comes after an investigation into one of the country’s largest mortgage servicing companies, where the company was found in violation of state and federal laws and resulted in harm to homeowners.

The law gives the Department of Consumer and Business Services the authority to regulate mortgage loans servicers, and the Department’s Division of Financial Regulation has the responsibility of licensing and enforcing mortgage loan servicing companies. This protects homeowners from instances of unfair practices from companies that service their home loans.

Licensing and Bonding

Mortgage servicers are now required to obtain a license, and to obtain a $50,000 surety bond or letter of credit. The bond must be submitted in the NMLS by a surety company that is licensed to do business in Oregon. Instead of a bond, the company may upload a letter of credit from a federally insured institution to the NMLS. The original documents must be mailed to the Department of Consumer and Business Services.

If a company both originates and services mortgage loans, it will need a license and bond for both. Licenses expire yearly on Dec. 31.

A license for a mortgage servicer allows for third party first mortgage servicing, third-party subordinate lien mortgage servicing, first mortgage servicing, master servicing, and subordinate lien mortgage servicing.

Fees involved include:

  • License/Registration fee $960
  • NMLS initial processing fee $100
  • Credit report $15
  • FBI criminal background check for MU2 individual $36.25

Premiums for surety bonds are based on credit and the bond amount. is licensed to write all Oregon surety bonds, including Mortgage Servicer Bonds. Contact our Surety Bond Specialists for a free quote that fits your specific needs. – Your Online Bond Provider.

Great Rates. Solid Advice. Quick Solutions.

Why Do I Need a DME or DMEPOS Surety Bond?

DME provider surety bonds writes all DME and DMEPOS surety bonds.

Why a DME Bond is Required

When a patient needs durable medical equipment for their health care, they need it be affordable and from a trustworthy source. Unfortunately, some DME or DMEPOS providers and suppliers can take advantage of the patient’s situation and run up the costs for the patient and for the Medicare program, and could also deliver unsafe items to the patient.

As a result, the Centers for Medicare & Medicaid Services (CMS), which oversees the Medicare program, requires DME suppliers to obtain a $50,000 surety bond during Medicare enrollment for each location in which they do business. The bond must be submitted to the National Supplier Clearinghouse (NSC) before a provider or supplier can obtain Medicare billing privileges.

DME Providers and Suppliers

DME “providers” include hospitals, universities, nursing facilities, rehabilitation facilities, home health agencies, hospice and other non-profits.  DME “suppliers” sell or rent DME equipment, and includes physicians, nurse practitioners, and physical therapists, among others.

Examples of durable medical equipment include prosthetic devices, orthotics, blood sugar monitors, canes, hospital beds, oxygen equipment and supplies, manual wheelchairs and power mobility devices.

When Medicare providers and suppliers are able to furnish their patients with durable medical equipment quickly, the patient benefits by not having to go elsewhere for the medical items they need. By providing this service, DME providers and suppliers also benefit with added revenue.

Medicare only covers DME items if the doctor and supplier are enrolled in the Medicare program, and includes equipment that is:

  • Durable
  • Used for medical reasons
  • Not useful to someone who isn’t sick or injured
  • Used in the home
  • Expected to last at least three years

The patient’s cost for DME items depends on:

  • Other insurance the patient may have
  • Physician’s fees
  • If the physician accepts the assignment
  • Type of facility
  • Where the patient gets a test, item or service

Who is Protected Under a DME Bond

The surety bond protects the obligee (Centers for Medicare & Medicaid Services) by:

  • Limiting the risk of fraud
  • Ensuring that only legitimate suppliers are enrolled in the Medicare program
  • Ensuring that the Medicare program recuperates erroneous payments due to fraudulent or malicious billing practices
  • Helping patients receive products and services from legitimate suppliers

Providers and suppliers must have a surety bond in place before they can receive or renew a provider number. The premium, or cost that providers and suppliers pay for the bond, is dependent on credit and the number of years’ experience in the medical field.

How to Get a Surety Bond offers a simplified surety bond program for DME Providers. Our surety bond specialists can give you a free, no-obligation quote that fits your specific situation, and can deliver your bond quickly. Call 844-432-6637, apply online, or email to get started. – Your Online Bond Provider.

Great Rates. Solid Advice. Quick Solutions.

Pennsylvania Slot Machine License Bonds

Slot machines in a Pennsylvania casino.
Pennsylvania has four categories of slot machine licenses.

Pennsylvania is Seeing Green

Pennsylvania’s lottery sales have taken a dip recently, but new legislation could soon bring more gaming revenue to the state. On October 30, 2017, House Bill 271 was signed into law as Act 42, an amendment to the Pennsylvania Race Horse Development and Gaming Act. The bill legalizes online gambling and daily fantasy sports in Pennsylvania.

The bill also creates a Category 4 Slot Machine License. Pennsylvania’s four categories of slot machine licenses are:

  • Category 1: Racetrack, also known as a “Racino,” is a combination race track and casino that may have up to 250 game tables and 5,000 slot machines.
  • Category 2: Stand-alone casinos are allowed up to 250 table games and 5,000 slot machines. They may also offer resort amenities such as entertainment, restaurants, and spas.
  • Category 3: Resort casinos are allowed up to 600 slot machines and 50 game tables, and are attached to hotels. Only guests or “members” are allowed to gamble at resort casinos.
  • Category 4: Casinos that allow 300 to 750 slot machines and up to 40 table games.

Pennsylvania Gaming Control Board

The Pennsylvania Gaming Control Board oversees the state’s casino industry, along with the new gaming platforms allowed with HB271. Online lotteries, interactive gaming, video gaming terminals at truck stops, tablet gaming at airports, fantasy sports contests, and ancillary slot machine facilities are expected to appeal to new, younger players. Many games can be played on mobile devices, and monitor-based games intended for bars allow participants to watch a simulated sports event. While it remains a much-debated topic, the state expects the new law will help generate around $150 million in revenue.

Category 4 Slot Machine License

HB271 creates an auction system to auction off 10 available Category 4 slot machine licenses and establishes an exclusive 15-mile radius in which winning bidders can operate. Winning bidders must then apply for a Category 4 license. At least one week before an auction, bidders must submit a surety bond or letter of credit for $7.5 million. The bond proves the financial ability to pay the slot machine license fee if they receive a license. The license fee will be the amount of the winning bid, and no bid may be lower than $7.5 million. The auction process establishes the order the winning bidders select a location for their casino. Once awarded the bid, the winner must pay the bid price within two days, and then has six months to submit an application for the license. The license allows the winning bidder to operate between 300 and 750 slot machines. They could also petition to add up to 30 table games for an additional $2.5 million fee and add 10 more table games after one year of operation.

Category 1, 2 & 3

Applicants for Category 1 or 2 slot machine licenses must post a letter of credit or a surety bond for $50 million, and applicants for a Category 3 slot machine license must obtain a letter of credit or a surety bond for $5 million.

Before any category of slot machine license is issued, applicants must obtain a surety bond of no less than $1 million. The bond ensures that the licensee makes payments, keeps books and records, makes reports, and conducts operations in compliance with the rules and regulations of the Board.

Fantasy Contests

The House bill also provides for licensing of fantasy contests. Applicants must pay an application fee of $50,000 and maintain a reserve of funds in the form of a security: cash, cash equivalents, or a security deposit held by a bank and/or processors, or an irrevocable letter of credit, payment processor reserves and receivables, a surety bond, or a combination of several forms of securities. is qualified to write fantasy contest surety bonds in Pennsylvania.

How to Get a Surety Bond

Surety Bonds must be purchased from an agency that is licensed to write bonds in Pennsylvania. fulfills the agency requirement and offers free, no-obligation quotes for all surety bonds. Contact our Surety Bond Specialists to get started. Call 844-432-6637 or email – Your Online Bond Provider.

Great Rates. Solid Advice. Quick Solutions.

Why the Public Needs Public Adjusters

A public adjuster works with clients in an office.
A public adjuster helps clients with a claim.

An Expert on Your Side

When it comes to insurance claims, the typical consumer may not have much knowledge or experience on how to reach a fair settlement with an insurance company. When an insurance company’s adjuster arrives on the scene, the claimant may feel that the adjuster is trying to help them collect as much money as possible from the claim.

But the adjuster works for the insurance company, not the claimant, and may try to save the company money with a lower adjustment than the claimant was expecting or needing to make necessary repairs or replacement.

Consumers need someone on their side to help them get a fair settlement and represent them in the legalities of a claim. That’s where public adjusters come in.

A public adjuster is hired by the policyholder, not the insurance company. Their job is to represent the policyholder in the appraisal and negotiations of the claim. Unlike adjusters hired by the insurance company, public adjusters can legally represent the policyholder during the claims process.

Payment for the public adjuster is made by the policyholder at terms agreed to before work begins. It can be a flat fee, or it can be a percentage of the settlement. In many cases, they don’t get paid if the policyholder doesn’t get paid.

License & Bond Requirements

Alabama, Alaska, South Dakota and Wisconsin are the only states that do not have licensing regulations for public adjusters. Although each state has different requirements, all other states have requirements for licensing and education. Licensing in a particular state only allows a public adjuster to practice in that state. But reciprocity agreements between states allow a public adjuster to practice in another state without taking the state’s examinations or education requirements if their home state allows the same for non-resident public adjusters.

While most states require licensing, only half of the states require public adjusters to obtain a surety bond before they can be issued a license. A bonded public adjuster comes with a guarantee to their clients that they will conduct business honestly while complying with each state’s insurance statutes.

How To Obtain a Surety Bond

If you are a public adjuster and you need a surety bond, contact We are licensed to write all surety bonds in all 50 states, including public adjuster surety bonds.  The premium you pay depends on various factors including your state’s bond amount. Call our Surety Bond Experts today at 844-432-6637 for a free, no-obligation quote, and we’ll work hard to find you the lowest rate possible. – Your Online Bond Provider.

Great Rates. Solid Advice. Quick Solutions.


Tidbits of History From the Oil & Gas Industry

A man in an oil field.
A man sits in a wagon in an oil field around 1907-1918.
Photo: DeGolyer Library, Southern Methodist University

Struggles, Triumphs, and Contributions

When you think of the oil and gas industry, you may instantly think of Texas oil tycoons, or have an image of Jed Clampett from “The Beverly Hillbillies” becoming wealthy overnight when oil is found in the swamps of his backyard. While some states do not produce oil or gas, many states have a rich history of oil and gas production, along with fascinating tales of the struggles, triumphs, and unique contributions made along the way.

Going state-by-state, here are some tidbits of history from the oil and gas industry around the country.


Would you swallow a pill full of tar? Folks in Alabama did back in the 1840’s. They believed the tar was a cure for scrofula, cancerous sores, rheumatism, dyspepsia, and other diseases.

This was long before the first oil field in Alabama was discovered in February of 1944 by Texas oilman, Haroldson Lafayette Hunt. Hunt had drilled 350 dry holes in Alabama before finally discovering oil in Choctaw County.


Gold and oil drew a lot of attention to Alaska long before the territory was a state. The first oil well began in 1902 near Katalla. In 1910, President William Howard Taft was concerned about the petroleum reserves, so he issued an executive order to stop further exploration and drilling in Alaska. This limited drilling to 826 acres on private land in Katalla. In 1920, Congress passed the Mineral Leasing Act, which overturned Taft’s executive order.


After more than 50 years of drilling dry wells, prospectors in 1954 finally struck oil on Apache County’s Navajo Indian Reservation. This wasn’t a big discovery, but it made Arizona the 30th state to produce oil. Around 90% of all wells drilled since then have been dry. Apache County is still the only county in Arizona to produce oil.


Before striking oil, the economy of Arkansas relied on the cotton and timber industries. The first substantial oil well in Arkansas was discovered in 1920, and a few days later natural gas was discovered. A well in 1921 in that same field became the state’s first commercial oil well and created a boom for El Dorado, Arkansas. The Arkansas Gazette reported that over 22 trains were in and out of El Dorado every day during the peak drilling of the well.

In 1922, a well in Smackover, 12 miles north of El Dorado, produced a gusher. Within six months, more than 1,000 wells had been drilled. By 1925, the town of Smackover had become the largest-producing oil field in the world.


Early oil wells in California.
Oil wells in Los Angeles, in 1905.

Around 1891 Edward L. Doheny and Charles A. Canfield tried prospecting gold and silver in southern California with no success. They went to Los Angeles, where in 1892, Doheny dug a well using picks, shovels, and a windlass. He completed the well in 1893 and it produced 40 barrels a day. Doheny, who previously had no money to his name, eventually became one of the richest men in the world. Unfortunately, his son Ned was murdered during the litigation of the 1924 Teapot Dome Scandal. The scandal involved bribery of an oil lease that resulted in Albert Bacon Fall, the Secretary of the Interior, becoming the first U.S. Cabinet member to go to prison.


Long ago, the Ute Indians realized the benefit of natural oil seeps from the Arkansas River, using the crude oil for medicine, war paint, glue, waterproofing homes, and sealing woven baskets.

Oil exploration in Colorado began in the 1860’s, and the first oil well that was drilled west of the Mississippi was in Florence, Colorado. It took 20 years of drilling dry holes, but in 1881 oil was discovered by Alexander M. Cassiday. It became the second oldest commercial oil field in the U.S.  The success of this oil field spurred interest in prospecting oil in the west.

In 2012, Colorado was the 6th highest producer of natural gas in the U.S., and 9th leading oil producer. Three of the country’s 100 largest oil fields are in Colorado, as are ten of the leading 100 natural gas fields.


Connecticut does not produce any crude oil or natural gas, but the state produced a different type of oil in the 1700’s.  Connecticut, along with Massachusetts, New York, and Rhode Island, produced oil from sperm whales. They harvested around 2,200 whales a year.


The state has limited oil and natural gas reserves and currently has no production.


Prospectors in Florida were determined to find oil, even though attempts produced only dry hole after dry hole. In 1939, State legislators offered a $50,000 bounty for the first oil discovery. It wasn’t until September of 1943 that Humble Oil Company from Tulsa, Oklahoma spent around $1 million and drilled 11,626 feet. They finally struck oil. They accepted the $50,000 prize and donated $60,000 to the University of Florida and the Florida State College for Women. Humble later became the Exxon Corp., now ExxonMobil.


Georgia has never produced natural gas or oil. But that hasn’t stopped prospectors from exploring since the 1950’s. In 1958, Georgia officials offered a $1 million bounty for the first gusher. That bounty has been reduced to $250,000 and remains unclaimed to this day. To date, all oil and gas wells that have been drilled in Georgia have been dry.


Because Hawaii does not have reserves of oil and gas, it all has to be imported. This results in making the state’s electricity and gas prices the highest in the country. Hawaii wants to switch from oil and gas to LNG (liquefied natural gas) which would bring down prices for consumers.


While oil and gas are not produced in Idaho, deposits of gold, silver, lead, platinum, copper, zinc, and other minerals have been found. The state produces the most newly mined silver in the country, with 45% of silver mined in the U.S. coming from Idaho.


An oil well in a field.
Oil wells can be found in almost every state in the country.

The first drilling in Illinois began in 1853 near Champaign, but the well did not produce oil.  However, in the early 1860’s, enough oil was produced to name a town Oilfield, Illinois, which is a part of the Illinois Basin. The Basin covers Southern Illinois, Southwest Indiana and Northwest Kentucky, and the deepest part of the Basin is in Illinois. The majority of drilling in Illinois is in the southern part of the state. Illinois issues around 800 drilling permits every year.


Early settlers were drilling for salt water, but discovered gas springs and oil seeps along the Ohio River. In 1876, the “Trenton Field” was discovered — a natural gas field that covered 17 counties and 5,120 square miles, making it the largest natural gas discovery of the time. The field also contained the first giant oil reserve discovered in the U.S., producing more than 100 million barrels of oil.  By 1910, almost all of the gas had been removed, but about 90% of the oil remained.


Out of 123 exploratory wells drilled in Iowa, only three produced oil. The first was a well near Hamburg in 1925. The next was a well in 1963 in Keota, and the last producing oil well was found in the same area in 1986.


In the old days, geologists were seen to be similar to charlatans or those using witchcraft. In 1915, the city of El Dorado, Kansas hired a geologist and drilled the first well in the country using science and geology to decide exactly where to drill a well, and how deep to drill it. This was a huge breakthrough in the oil industry, and the successful drilling caused a boom in the area. The town of Oil Hill was built by the gas company to house their workers, and was known as the largest “company town” in the world.


In 1818, those drilling a well for saltwater produced oil instead, to the disappointment of the drillers. This was the Beatty Well, which was believed to be the first well that produced commercial oil in North America. Oil from Kentucky was shipped to Europe and the southern United States.


In 1900, W. Scott Haywood drilled for oil in the famous Spindletop oil field in Texas. Immediately following Spindletop, local Louisiana investors hired 29-year-old Haywood to drill for oil in a rice field 90 miles away, where natural gas seeps had been found. The area had nearly identical conditions as Spindletop. After drilling 1,000 feet, no oil was to be found, prompting some investors to sell their stock. But Haywood finally found oil at 1,700 feet, producing a gusher and ruining several acres of the rice field. Haywood later became a member of the Louisiana State Senate.


The state has limited oil and natural gas reserves and currently has no production.


While the state does not have oil or gas reserves, Baltimore was the first city to make use of the manufactured gas industry in 1816. The first public street lamp fueled by manufactured gas was on Baltimore’s Market Street in 1817.


The state has limited oil and natural gas reserves and currently has no production.


After oil was discovered in nearby Ontario, prospectors turned their eyes towards Michigan. The late 1800’s showed only small amounts of oil, but geologists in the early 1900’s believed that Saginaw would be productive. In 1925 the Saginaw Prospecting Company drilled a well that produced enough oil to be sold commercially. This brought other prospectors to the area and more fields were discovered. In 1928, the Pure Oil Company struck the deepest and richest well of the decade in Mt. Pleasant, creating a boom of new residents.

Years later, in 1954, a dairy farmer discovered the state’s only “giant” oil field. Ferne Houseknecht convinced her uncle to drill a well on the farm. This proved to be a major discovery called the “Golden Gulch.” A boom followed with 734 more wells.


The state has limited oil and natural gas reserves and currently has no production.


Exploration in Mississippi started in the early 1930’s. The first commercial well was the Tinsley Field in Yazoo County in 1939, which was the best producing oil field in the state. Around 500 more wells have been drilled in the area since that discovery.


Early Pioneers were said to have used seeped oil to grease their wagon axles. After the civil war, those drilling for water found oil and gas instead. By the 1930’s, there were more than 2,500 wells in the state. But drilling in Missouri wasn’t like drilling in other states. Missouri didn’t have the production amounts. Also, the oil was typically shallow, around 150 feet deep, which didn’t give the well the pressure needed to make it easy to recover. And the oil was very heavy and thick, which also hindered production. Part of the solution was to heat the oil with steam, which thinned it out and made it easier to retrieve, but it also made the entire process more expensive.


Montana has only had modest oil production. Exploration started in 1889 at what is currently Glacier National Park, and oil was eventually found in 1902. The demand for oil to run locomotives spurred further exploration around 1910, as trains were switching from coal-fired steam to oil. The first major production was around 1915 near the border of Wyoming.  The first boom was around 1920 at Cat Creek, which started a 54-year industry. The boom died down by 1975, and in the 2000’s the focus turned to natural gas.


Although a Nebraska newspaper reported in 1883 about a “vein of petroleum” in Richardson County, it wasn’t until 1940 that Nebraska finally struck oil. It took 57 years of drilling dry holes before the Pawnee Royalty Company drilled a successful well, starting Nebraska’s oil boom. Oil and natural gas companies are still exploring new potential in the state today.


After a half a century of drilling and 85 dry holes, the Shell Oil Company drilled Nevada’s first commercial oil well in 1954. This was the state’s only oil field for decades, as other attempts in later years produced 100 dry holes. The next producing well was drilled 22 years later in 1984.  The Grant Canyon No. 3 well produced as much as 4,300 barrels a day in 1987, the most of any onshore well in the continental U.S.

New Hampshire

The state has limited oil and natural gas reserves and currently has no production.

New Jersey

The state has limited oil and natural gas reserves and currently has no production.

New Mexico

Because New Mexico is so flat, it was difficult for geologists to locate drilling sites. The first commercial oil well was drilled in 1922 on a Navajo Indian reservation. In the late 1920’s, oil companies spent around $15 million in exploration costs. The explorations reached Hobbs in 1927 with drilling in a farmer’s pasture. The well produced 700 barrels a day, and Hobbs became the fastest growing city in the country.

Today New Mexico is the 3rd leading oil and natural gas-producing state.

Oil wells in Pennsylvania.
Around 1862, Pennsylvania’s Phillips well and Woodford well were the most productive of their time.

New York

Oil has been popular in New York for centuries. In 1627, a French missionary, Fr. De la Roche D’Allion, described an oil spring that Native Americans were using for various purposes. 42 years later, in 1669, Native Americans showed another French explorer, M. De La Salle, the location of natural gas seeps.

In 1821, William Hart drilled the first natural gas well in America along a creek in Fredonia. The well was dug with shovels and the pipeline was made of hollowed out logs connected with tar and rags. Hart is considered to be the “father of natural gas.”

While Maryland was the first state to use manufactured gas, New York was the first to use natural gas publicly. Natural gas from a well was used in homes, several stores, and a mill.

North Carolina

North Carolina does not produce oil or gas and imports the products from Texas and Louisiana.

North Dakota

Shooting a well to get more oil production.
Prospectors “shoot” a well with nitroglycerin around 1899 to 1900.

North Dakota wasn’t known to produce oil until 1951 when drilling on the farm of Clarence Iverson started a drilling boom in the state. It wasn’t an easy process, as workers endured blizzards that temporarily shut down drilling. They tried “shooting” the well using explosives, which Clarence wasn’t too happy about due to concerns about his water wells. But it was successful and Clarence became a very wealthy man.  The farm became a tourist attraction, and the oil well produced for 28 years. Within two months of the Iverson discovery, 30 million more acres of land in the state was leased for drilling.


As in other states, people drilling for salt water in Ohio ended up with oil instead. The first oil discovery was in 1814 near Marietta, Ohio, when oil was used as a cure-all medicine. The first oil well drilled in Ohio was in 1859 by blacksmith William Jeffrey. A major oil discovery in the 1880’s sparked even more interest in the state. In 1891, Grand Lake had what was likely the first overwater drilling operation in the world. By 1895, Ohio became the leading producer of crude oil in the country. Oklahoma surpassed Ohio in 1902.


Before Oklahoma was a state, it was Indian Territory and home to many tribes. In 1895, Lewis Ross was drilling for saltwater and struck oil instead. His oil well produced around ten barrels a day for about a year and then dried out. While not a huge producer, this proved that oil existed in the area. By the early 1900’s, Oklahoma became the largest oil-producing area in the world, which helped the Territory become a state in 1907.


Oregon proved to be a business-killer in the oil industry. Three oil companies sought their fortunes in Oregon in the same well. First, Northwestern Oils, Inc. started a test well near Madras in 1952, known as the Morrow Ranch well. By 1956, the company had no money, and its assets were auctioned off. That same year, Central Oil Inc. was formed, and in 1966 received a permit to continue drilling the Morrow Ranch well. But the project was delayed due to issues with the Security and Exchange Commission, and by 1967 Central Oil was out of business. Next came Robert F. Harrison, who took over the well in 1968 with plans to deepen it to over 5,000 feet. But the drilling was stuck at 3,300 feet, and Harrison plugged and abandoned the well in 1971. To date, Oregon has never had a successful oil well.


The first commercial oil well drilled in 1859.
The country’s first commercial oil well in Titusville, Pennsylvania was drilled by Edwin L. Drake in 1859.

This is where it all started. The very first successful oil well in America was in 1859 when former railroad conductor Col. Edwin Drake struck oil at only 69 feet in Titusville, Pennsylvania. One month later, a fire started by a lamp burned down the derrick, the stored oil, and the driller’s house. Drake is considered the father of the American petroleum industry.

Pennsylvania is also the first known state to ship oil internationally to London on the ship “Elizabeth Watts” in 1861.

Rhode Island

The state has limited oil and natural gas reserves and currently has no production.

South Carolina

The state has limited oil and natural gas reserves and currently has no production.

South Dakota

While not historically a major oil state, oil production in South Dakota has been fairly steady starting when a discovery well was drilled in 1953 by Shell Oil Company. Around 98% of all oil in the state is from a 400 square mile area. Some believe the state remains under-explored and about one new well a month is currently being drilled.


Tennessee is also not known as a big oil producer, but currently, oil is being produced in 11 counties. While some in the industry believe there is much more potential, it’s possible that outdated regulations could end further exploration.


A gusher in the Spindletop oil field.
The Spindletop oil field was a huge success in the oil industry.

Texas wasn’t the first state to discover oil, but it quickly became the biggest oil producing state in the U.S. and the world.

Patillo Higgins, a mechanic and self-taught geologist, wanted to drill for oil on a hill near Beaumont, Texas. The hill was a salt dome, and others were skeptical about finding oil on the hill. Wells were drilled between 1893 and 1896 — and all were dry. Then Croatian Anthony Lucas, a salt miner and former captain of the Austrian navy, picked a spot on the Hill and begin drilling in 1900.  He discovered that pumping mud into the well instead of water while drilling provided many benefits, and this method is still used today. In 1901, Lucas’s oil well produced the “Lucas Gusher” that erupted, spewing oil more than 150 feet in the air. The Lucas Gusher led to the Spindletop oil field, producing more oil in one day than the rest of the world combined.

Spindletop created oil companies that are still in business today, including Texaco, Exxon, Mobil, and Sun.


Signs of oil in Utah were noted in the mid-1850’s by geologists for the Army Corps of Topographical Engineers. Many wells were only drilled to 1,000 feet deep, and no oil was found. Then in 1908, a former gold prospector produced an oil gusher. Other companies moved into the area to see if they would have the same success in finding oil. It took decades of drilling dry wells in Utah to finally discover more oil in 1948. Independent driller J.L. Dougan drilled for 25 years in Utah before this discovery, by drilling deeper than the usual 1,000 to 2,000 feet. His discovery started a deep-drilling boom.  Soon there were 30 wells in the oil field producing almost one million barrels a year.


Vermont residents discovered natural gas in the state, and prospectors expected oil would soon follow. But no oil has ever been produced in Vermont.  While the state doesn’t have any known oil and gas reserves, that doesn’t mean they don’t exist, since the old drilling technology found trace amounts. Currently, there is no drilling activity in the state, although it is allowed. However, Vermont was the first state in the country to ban fracking.


The natural gas industry has made a huge impact on Virginia’s economy. The state’s first well was drilled in 1898 for natural gas, and the first commercial natural gas well was drilled in 1931. Most of the state’s natural gas comes from the Appalachian Plateau in Southwestern Virginia.  Coalbed methane gas was first produced in 1988, and around 7,000 wells have been drilled in search of natural gas since that time. The natural gas industry continues to boost Virginia’s economy, with 2015 statistics showing 125,000 jobs and adding $11.97 billion into the economy.


Native Americans used oil in Washington long before the settlers arrived. There was an oil boom in 1885 after settlers who were digging for water struck oil. Roughly 500 or more dry wells were dug in Washington, but only one was successful enough for commercial production. It was drilled in 1957 and shut down in 1961.

West Virginia

In the 1800’s, drilling for salt water was a common practice, and striking oil or gas was seen as a nuisance because it contaminated the salt brine. A well in Charleston first struck gas in 1815 at a time when oil and gas were of little importance. But once the value of oil and gas was realized, the region became popular for oil and gas drilling by using tools from the salt mining industry.

It was in West Virginia that Dr. I.C. White, a geologist, tested the anticlinal theory. The theory is that petroleum and natural gas will migrate to the highest part of permeable beds and will usually be found in anticlines — an arch of stratified rock in which the layers bend downward in opposite directions. The theory proved to be true, leading to the discovery of the Mannington oil field in 1888, one of the largest in the state.

Children in an oil field in Texas in the 1920's.
Children in a Texas oil field watch a team of horses pull a boiler in the 1920’s.
Photo: DeGolyer Library, Southern Methodist University


Some geologists stated that there was no oil to be found in Wisconsin. But seven oil companies formed in 1865 in Appleton brought in a constant stream of people to town. By 1866, Sparta had ten petroleum companies, and other towns began to see more companies spring up.   Over a million dollars was spent by locals investing in oil companies, but no oil was ever found.


Buffalo Bill Cody was world famous for his Wild West show, and even helped found a town that bears his name. But Cody was also an entrepreneur and explored other business opportunities. He was a partner in the Shoshone Land and Irrigation Company, formed the W.F. Cody Hotel Company, and in 1902 he and his associate George Beck formed the Cody Oil Company. They looked for oil near Cody, Wyoming, but the company’s first well was ruined by water encroachment. Six years later he and his associates formed the Shoshone Oil Company. Unfortunately, the company did not discover a major oil strike. In 1915, Cody was planning a new oil company, the Buffalo Bill Oil & Gas Company. But Cody died on January 10, 1917, without making a major oil discovery.


Today, those drilling for oil and gas have a responsibility to restore the land back to its original condition to avoid harming the public and the environment. This can include plugging the well correctly to avoid seepage and contamination of groundwater, removing all equipment from the site, restoring the land, adding topsoil, and planting local plant species.

A surety bond guarantees that the reclamation work will be performed properly. The bond must be purchased from a surety that is licensed in that state. is licensed to write all surety bonds in all 50 states, including oil and gas well drilling bonds.

Call our Surety Bond Experts today at 844-432-6637 for a free, no-obligation quote. We offer low rates and fast service. – Your Online Bond Provider.

Great Rates. Solid Advice. Quick Solutions.


Which States Require Tax Preparers to be Bonded?

Tax Preparers in two states need to be bonded. writes surety bonds for Tax Preparers.

State Laws Help Protect Consumers

It’s that time of year again … tax time is upon us. Tax preparers all over the country are in full swing, working hard and crunching numbers to help their clients save money.

Because tax preparers have direct access to their clients’ personal information and accounts, it could be easy for them to take advantage of the situation and commit acts of theft, fraud or dishonesty.

Most states don’t regulate tax preparers. But the IRS has seen instances of tax preparer abuse rise in the 1990’s and established the IRS Criminal Investigation Return Preparer Program in 1996 to help identify, investigate and prosecute abusive return preparers. In 2010, the IRS launched their oversight program to regulate paid tax return preparers.

Even with these IRS programs in place, tax preparer fraud continues at the expense of the government and the paying public. Only a handful of states have enacted stricter regulations due to growing concerns over identity theft, consumer fraud and privacy of personal information. The state regulations for tax preparers can include registering with the state, continuing education, and for California and Nevada, obtaining a surety bond.

California Tax Preparer Bond

California has been requiring tax preparation services to be bonded since 1999.  A $5,000 bond is required for annual registration, along with no less than 60 hours of instruction in federal and state income tax law education. Registrants also need a PTIN (Preparer Tax Identification Number) from the IRS, and pay a $33 registration fee.

Renewing a registration requires 20 hours of continuing education, maintaining the PTIN and surety bond, and paying the renewal fee of $33.

Anyone who prepares tax returns for a fee must register as a tax preparer with the California Tax Education Council. Those exempt are CPAs, EAs, attorneys who are members of the State Bar of California, and certain banking or trust officials.

If a tax preparer is not registered, they can be penalized $2,500 for their first failure to register and $5,000 for additional offenses.

Nevada Tax Preparer Bond

The State of Nevada enacted Assembly Bill 324 on July 1, 2017 to help prevent fraud, dishonesty, negligence or other wrongful conduct among tax preparers.

Bill 324 redefines the definition of “document preparation services” to include those who assist in preparing federal or state tax returns or a claim for a tax return, certain paralegals, and bankruptcy petition preparers. The bill excludes CPAs, certain attorneys, and financial planners.

Nevada Tax Preparers must register with the state, and renew their registration every year. The application fee is $50, and renewal fees are $25 a year. Tax preparers may not conduct business in Nevada until they are issued a Certificate of Registration. The registration covers an individual, not the business, so each person in a business must register.

A requirement of the registration process is to obtain a $50,000 surety bond or cash bond, to be filed with the Secretary of State. The Legal Document Assistant Bond protects clients from unethical tax preparers.

The bond is continuous until canceled. The Secretary of State’s Office must receive proof of an annual bond renewal.

How to Get a Bond is licensed to write tax preparer surety bonds in California and Nevada. For a free, no-obligation quote, contact our Surety Bond Specialists at 1‑844‑432‑6637, or email and we’ll help you get bonded quickly and easily. – Your Online Bond Provider.

Great Rates. Solid Advice. Quick Solutions.


What Is a Court Bond, and Why Would I Need One?

Outside of a courthouse. writes court bonds in all 50 states.

Probate and Judicial Surety Bonds Explained

Court bonds are legal contracts that are used like other surety bonds — as a guarantee that you will comply with the obligations set forth by a state, federal or municipal agency, and most likely handed down from a judge or administrator. There are two types of court bonds: Probate and Judicial.  Probate bonds are most often required for administering another person’s estate. Judicial bonds are most often needed for civil court cases.

Probate bonds

If you have been appointed to oversee another person’s estate, you are a “Fiduciary” of that estate. In order to protect the estate’s assets, you may be required to provide a surety bond. A surety bond is a legal document that guarantees to the court and to the estate heirs that you will work honestly and ethically on behalf of the estate, and that all assets will be properly accounted for. If you misuse the funds of the estate, a claim could be made against you.

Several terms are frequently used in reference to court bonds: Administrator, Executor, Guardian, and Conservator.

An Administrator Bond or Executor Bond:

This surety bond can be required if you have been appointed by a court to undertake fiduciary duties on behalf of a deceased person, a minor, or an incapacitated individual. An Executor is someone that was named in the will of a deceased individual to distribute assets as the deceased wished. If there is no will, an Administrator is appointed by a court to handle the estate. In this case, the estate assets will be distributed by Intestate Succession — going to the deceased’s closest relatives.

A Conservator or Guardian Bond:

A Guardian is appointed by a court to handle the responsibility of the financial affairs of a child and/or assumes all responsibility for the child. A child or incapacitated adult is called a “ward.” In the case of a child, the guardian is usually their primary caregiver. In the case of an incapacitated adult, the guardian and caregiver can be different. The guardian has a responsibility to make sure the incapacitated adult is receiving adequate care by their caregivers. A conservator may also have a responsibility to manage the ward’s financial matters, including real estate, securities, bank accounts, and income such as retirement checks, social security checks, or any other sources of income.

A veteran stands in front of a cemetery. writes surety bonds for VA Conservators.

A VA Fiduciary Bond:

Although not a court bond, a VA fiduciary is often required to have a similar role as a conservator.  The US Department of Veterans Affairs’ Fiduciary Program protects Veterans or veteran family members who are unable to manage their financial affairs.  The VA will appoint a fiduciary who is first investigated to determine their ability to manage the estate. The fiduciary oversees VA benefits for the Veteran. If you have been appointed to manage the estate of a Veteran or their family, the Veterans Affairs Administration may require you to obtain a surety bond.

Judicial bonds

If you are involved in a civil court case, a judge may require you to obtain a surety bond in certain circumstances. The surety bond guarantees that any court fees and monetary judgments by those involved will be paid when a final court decision has been made.

Appeal Bond:

If someone loses a court case, they may appeal the ruling. An appeal bond guarantees that the appellant will pay the original judgment if the appeal fails or is denied.

Bail Bond:

Bail is money pledged to a court in order to release a person who is in jail and suspected of committing a crime. The bail ensures the person will return for their trial and other court appearances. If the person returns to all required appearances, the bail is returned, no matter if they are found guilty or not guilty. However, if the person fails to appear in court, the bail is forfeited, and the person could be charged with failure to appear.  Note: does not issue bail bonds.

Layers sit inside a courtroom.
There are several types of Court Bonds. writes court bonds in all 50 states.

Court Costs Bond:

A court may require a court costs bond to guarantee the payment of court costs. This bond is usually required for those involved in court cases that are being handled in a state where they don’t live.

Injunction Bond:

An injunction surety bond is used in a “cease and desist” court order. The surety bond is a guarantee that covers financial damages to the person served with the order in the case the injunction notice is later determined to be wrongful. There are three types of Injunctions:

  • Preliminary Injunction Bond: Prevents the defendant from acting in a way that would cause harm to the plaintiff and their rights.
  • Affirmative Injunction Bond: This directs the defendant to do some type of action.
  • Prohibitive Injunction Bond: Stops the defendant from an action until there is a hearing on the matter.

Plaintiff Attachment Bond:

During a court case, a plaintiff may want to make sure the defendant has the means to pay a judgment if the defendant is found guilty. This bond keeps the defendant from selling or hiding his or her personal property or assets that could be used to pay damages if the court rules in the plaintiff’s favor.

Receiver Bond:

A receiver is appointed as an officer of the court. Duties can include protecting property and management or operation of assets as a fiduciary, agent or representative.

Release of Lien  Bond:

During construction or renovations of a building, a lien can be filed against the real estate for unpaid labor and materials. The lien is usually filed with a public trustee or court, which in turn prevents the property owner from being able to sell the property. A Release of Lien bond allows the owner to transfer the property with a guarantee that they will pay the lien if a court makes a final decision that the owner is liable.

A woman testifies in court. writes court replevin surety bonds.

Replevin Bond:

A court may require a replevin bond when one person is suing another person for possession of a property that they believe they have a legal right to. The bond ensures that the person who is currently in possession of the property does not damage or destroy the item until a judge determines who the rightful owner is.

A replevin bond can also be used by lienholders, such as banks, when someone defaults on a car loan. The bond allows the lienholder to take possession of the vehicle.


What Will My Court Bond Cost?

The price you pay for a premium is not the same as the bond amount. Premium prices are determined by a variety of factors that can include the bond type, the bond amount, your credit history, and personal or business financials. To get the premium amount for your situation, contact for a free, no-obligation quote. Our Surety Bond Specialists can work with you to get the best rate possible, and deliver your bond quickly.

To get your free quote, contact our Surety Bond Specialists at 1‑844‑432‑6637, or email and we’ll shop your bond for a better rate, at no obligation to you. – Your Online Bond Provider.

Great Rates. Solid Advice. Quick Solutions.



Nebraska Motor Vehicle Dealer Bond Renewals

A car dealer hands keys to a customer. helps auto dealers get bonded.

Want a Better Rate? Here’s What To Do

It’s time for Nebraska Motor Vehicle Dealers to start renewing their licenses and surety bonds for 2018. Licenses are good through a calendar year which means they expire on December 31 unless renewed.

Dealers for motor vehicles, trailers and motorcycles must have a $50,000 surety bond in place before their license can be renewed. Motor vehicle auction dealers must obtain a $100,000 surety bond. The surety bond must be turned in with the application and filed with the Nebraska Secretary of State – Corporate Division. The original bond with original signatures and notary must be submitted with the application.

Individual owners must have their bond issued in their name, along with “dba” (doing business as) and the name of dealership.

Partnerships must have their bond issued as names of partners, along with “dba” and the name of dealership.

For corporate-owned dealerships or LLC owned dealerships:

  • If the name of the corporation already reflects auto/trailer/motorcycle sales, then the bond is issued as the corporation name.
  • If the name of the corporation does not reflect auto/trailer/motorcycle sales, then the bond is issued to the corporation or LLC with “dba” plus the name of the dealership. The dba must reflect the type of vehicle the dealership sells.

Before renewing your bond for 2018, check your bond rate to ensure you are getting the best value possible. offers free, no-obligation quotes to help you save money.

We are licensed to write all Motor Vehicle Dealer surety bonds in Nebraska, including surety bonds for new and used vehicle dealers, motorcycle dealers, trailer or mobile home dealers, and auction dealers.

To get your free quote, contact our Surety Bond Specialists at 1‑844‑432‑6637, or email and we’ll shop your bond for a better rate, at no obligation to you. – Your Online Bond Provider.

Great Rates. Solid Advice. Quick Solutions.

Surety Bond Amounts Rise for Illinois Vehicle Dealers

A car dealer shakes hands with a client. writes all surety bonds for motor vehicle dealers.

Check Your Rate Before Renewing

If you live in Illinois and sell five motor vehicles or more in a year, then you must be licensed as a Designated Agent. A part of licensing a motor vehicle dealership in Illinois includes obtaining a surety bond.

Surety bond amounts in Illinois have recently risen from $20,000 to $50,000 for each location.  New car dealers are exempt from the bond requirement after three years.

Premiums continue to last for a one-year term and expire on December 31 of each year. The premium amount a dealership pays depends on business and personal financials and credit.

Now is the time to check your surety bond rates before renewing for 2018. is ready to help you save money with a free, no-obligation quote.  We are licensed to write all Motor Vehicle Dealer surety bonds in Illinois, including surety bonds for new and used vehicle dealers, motorcycle dealers, and trailer or mobile home dealers.

To get your free quote, contact our Surety Bond Specialists at 1‑844‑432‑6637, or email and we’ll shop your bond for a better rate, at no obligation to you. – Your Online Bond Provider.

Great Rates. Solid Advice. Quick Solutions.