Oklahoma Gross Production Tax- Producer (BT-158) Bond
Overview
Producing oil or gas in Oklahoma and required to file a BT-158 bond? Oklahoma's gross production tax applies to every barrel and MCF pulled from the ground, and the state requires producers to back their tax obligation with a surety bond before they can operate. This is the Oklahoma Gross Production Tax – Producer (BT-158) Bond, a financial guarantee to the Oklahoma Tax Commission that you will remit every dollar of gross production tax owed on your extracted resources. Without it, you cannot legally produce and report under the state's gross production tax program.
Who Needs This Bond?
You're an oil or gas producer in Oklahoma who has been told by the Oklahoma Tax Commission that you need a BT-158 bond to participate in the gross production tax program. Any individual, company, or entity extracting oil, gas, or other minerals subject to Oklahoma's gross production tax must secure this bond. It applies to operators reporting and remitting gross production taxes directly to the state — not to royalty owners or purchasers who handle taxes separately. If the OTC has asked you to file this form and post security, this is the bond you need.
What is this Bond For?
Oklahoma imposes a gross production tax on the extraction of oil, natural gas, and other minerals at the point of production. This bond guarantees that the producer — the principal — will accurately report production volumes and pay all gross production taxes owed to the Oklahoma Tax Commission on time. If the producer fails to pay or underreports, the state can make a claim against this bond to recover the unpaid tax liability. It protects Oklahoma's tax revenue stream, not the producer.
When is it Required?
Before you report a single barrel or cubic foot under the Oklahoma gross production tax program, this bond must already be in place with the Oklahoma Tax Commission. The OTC will not process your registration or accept your BT-158 filing status without confirmed proof of the bond. Do not wait until your first production report is due — get bonded first so there is no gap in your authorized status.
Where Does it Apply?
This bond is a statewide Oklahoma requirement administered by the Oklahoma Tax Commission. It applies to all producing operations across the state, regardless of county or field location. There is no local or municipal equivalent — this is the single bond required for gross production tax registration in Oklahoma.
How to Buy Online
Click 'Buy This Bond Online' on this page and Bond Titan will open the secure surety portal in a new tab where you can complete your application and purchase immediately. The process is fully online — no waiting on an agent callback and no paperwork delays. Once approved, you'll receive your bond documents so you can submit proof to the Oklahoma Tax Commission right away.
Why Bond Titan?
Bond Titan is a nationwide surety bond storefront powered by The Southern Agency, built so you can buy the exact bond you need without phone calls or office visits. Our catalog covers bonds in every state, including Oklahoma's full suite of tax and excise bonds. Fast, direct, and online — that's how Bond Titan works.