1. (a) An application for approval of assignment must

   1. (1) comply with 11 AAC 88.105;
   2. (2) be filed not later than 90 days after the effective date of the assignor's signature; an assignment not filed within 90 days may be approved, at the discretion of the commissioner, where no intervening interest is filed;
   3. (3) be filed on a form provided by the department; the department may accept an application for approval of assignment that is substantially similar to the department form;
   4. (4) include documentation of approval of a storage facility permit modification by the Alaska Oil and Gas Conservation Commission, if applicable;
   5. (5) provide information necessary to establish that the assignee meets the minimum qualifications required under 11 AAC 84.1000; and
   6. (6) include the filing fee required under 11 AAC 05.110.
2. (b) The department will not accept an application for approval of assignment that requests assignment of an interest from a single assignor to more than one assignee. The department form may not be altered to provide for multiple party assignments.
3. (c) If the commissioner approves an assignment, the effective date of the transfer is the first day of the month following the date on which the assignment application is filed with the state or, upon prior written request, the first day of the month in which the assignment application is filed with the state.

(Eff. 2/16/2025, Register 253)

Authority: AS 38.05.020, AS 38.05.705, AS 38.05.715, AS 38.05.700, AS 38.05.710, AS 38.05.720