1. (1) A permit may be transferred to a new operator upon approval by the board.

2. (2) The current operator shall file a request for agency action with the board at least 60 days before the proposed transfer date in accordance with Title R641. The request shall include an application for transfer that shall contain the following:

   1. (a) Name and address of the transferee;
   2. (b) Date of proposed transfer; and
   3. (c) A written agreement between the existing and new operator containing a specific date for transfer of permit responsibility, coverage, and liability between them. The agreement should also demonstrate to the satisfaction of the board that the financial responsibility requirements of Section R644-5-3 will be met by the new operator prior to the proposed transfer date.
3. (3) The permit transfer is effective on the date specified in the agreement mentioned in Subsection (2)(c), unless the division intends to modify or revoke and reissue the permit under Subsection R644-7-2(2)(b). If a decision to modify or revoke and reissue is made, the board must notify the existing and proposed operators before the effective date in the agreement.
4. (4) If the application for transfer contains an unsatisfactory written agreement, as described in Subsection (2)(c), no transfer will be approved by the board. Responsibility for compliance with the terms and conditions of the permit and liability for any violation will remain with the existing operator.
5. (5) If a person attempting to acquire a permit causes or allows operation of the CO2 Sequestration facility before approval by the board, it shall be considered a violation of this rule for operating without a permit or other authorization.

KEY: oil and gas law

Date of Last Change: July 31, 2025

Authorizing, and Implemented or Interpreted Law: 40-11-3