1. 1. All proposals for Change of Operator of a storage facility shall be approved only after the filing of a petition for change of operator and subsequent notice and hearing. A storage operator shall pay a filing fee of Fifteen Thousand Dollars ($15,000.00) for a Change of Operator proposal. The petition for Change of Operator of a storage facility must contain the following:

   1. a. The name and address of the person proposed new storage operator.
      b. The date that the storage operator desires the proposed transfer to occur.
      c. A demonstration of financial assurance by the proposed new storage operator.
      d. The consent of the proposed Change of Operator by the current operator.
2. 2. The Board shall conduct a hearing on the petition for Change of Operator to ensure that the purposes of the Alabama Oil and Gas Conservation Laws are promoted. For good cause, the Board may deny a petition for Change of Operator of a storage facility or take other action that the Board deems appropriate.

Author: S. Marvin Rogers

Statutory Authority: 9-17-150 et seq. of the Code of Alabama (1975)

History: New Rule: Published November 27, 2024; effective January 11, 2025.