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OG26 NOTIFICATION OF WELL TRANSFER Division of Oil and Gas One Natural Resources Way Springfield, IL 627021271 (217) 7827756 INDIVIDUAL WELL LEASE/UNIT TRANSACTION # WELL INFORMATION REFERENCE.#:

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How to fill out notification of well transfer

How to fill out notification of well transfer:

01

Obtain the necessary form: The notification of well transfer form can typically be obtained from the appropriate regulatory agency or department responsible for overseeing well transfers in your jurisdiction. It is important to ensure you have the most up-to-date version of the form.

02

Fill in contact information: Provide your complete contact information, including name, address, phone number, and email. This will help the regulatory agency or department to reach you if they need any additional information or have any questions regarding the transfer.

03

Identify the well: Clearly identify the well that is being transferred by providing its unique identification number or well name. Include any relevant details such as the location, field, and operator.

04

Provide details of the transfer: Indicate whether you are the transferring or receiving party. If you are transferring the well, provide information about the party who will be receiving it. Include their contact details and any relevant ownership information.

05

Describe the transfer process: Provide a brief description of the transfer process and the reason for the transfer. This could include details such as the sale of the well, assignment to a new operator, or a change in ownership due to inheritance or corporate restructuring.

06

Submit supporting documents: Attach any required supporting documents such as legal agreements, contracts, or proof of ownership. These documents will vary depending on the specific regulations and requirements of your jurisdiction.

Who needs notification of well transfer?

01

Well operators: The transferring and receiving operators involved in the well transfer need to submit the notification of well transfer to ensure compliance with regulatory requirements and to update ownership records.

02

Regulatory agencies or departments: The relevant regulatory agency or department overseeing well transfers needs to be notified to maintain accurate records and track changes in ownership or operatorship. This allows them to monitor well operations, enforce regulations, and ensure proper maintenance and compliance.

03

Landowners or stakeholders: Landowners or stakeholders with an interest in the well's operation or nearby properties may also need to be notified of the well transfer. This allows them to stay informed about any changes in ownership or operatorship that could potentially impact their rights or responsibilities.

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What is notification of well transfer?

Notification of well transfer is a formal notification required to be filed when ownership of a well is transferred from one party to another.

Who is required to file notification of well transfer?

The party acquiring ownership of the well is required to file the notification of well transfer.

How to fill out notification of well transfer?

The notification of well transfer form must be completed with all relevant information regarding the transfer of ownership.

What is the purpose of notification of well transfer?

The purpose of the notification of well transfer is to inform regulatory authorities of the change in ownership of the well.

What information must be reported on notification of well transfer?

The notification of well transfer must include details such as current owner, new owner, well location, and effective date of transfer.

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