TRANSFER OF PERMIT

TRANSFER OF PERMIT. (a) Each person who succeeds to the rights under a permit shall, within ten (10) days after the rights are acquired, notify the Board in writing thereof. (b) Wells approved for unit operations under a designated operator after notice and hearing by the Board shall be exempt from payment of a second permit fee. (c) In the event a change of operators from that listed in the drilling permit is desired, the operator so listed and the proposed new operator shall apply to the State Oil and Gas Board for authority to change operators on Form 2. This can be designated on separate Form 2's or both may sign the same Form 2. The change of operator fee of one hundred dollars ($100) shall be paid by either party. If the administration of the operation of a well is by an agent or other person(s), then all reports must be filed in the name of the Oil and Gas Board designated owner or operator. A letter to the supervisor of the Oil and Gas Board verifying the authority of the person(s) filing the report to act as the agent of or on behalf of the Oil and Gas Board designated owner or operator is required. The foregoing letter must be filed with the supervisor and shall be either notarized or witnessed by not less than two subscribing witnesses. The Oil and Gas Board designated owner or operator is responsible for the operation of the well and filing of all reports.