Ill. Admin. Code tit. 62 § 240.1430

Current through Register Vol. 48, No. 50, December 13, 2024

Section 240.1430 - Responsibilities of Current Permittee

a) The current permittee shall notify the Department and the new permittee of the assignment, transfer or sale on a form prescribed by the Department. A separate form shall be completed for each lease, well or other unit assigned, transferred or sold. The notification shall be signed, under penalty of perjury, by the current permittee or the permittee's authorized representatives.

b) The Department may request copies of the lease assignment, voluntary release, court order involuntarily terminating a lease, or other documents evidencing the assignment, transfer or sale to the new permittee of the right to drill and operate the well or wells on the lands in question, if necessary for clarification of the right to operate.

Ill. Admin. Code tit. 62, § 240.1430

Amended at 22 Ill. Reg. 22314, effective December 14, 1998

Amended at 42 Ill. Reg. 5811, effective 3/14/2018