TITLE 62: MINING
CHAPTER I: DEPARTMENT OF NATURAL RESOURCES
PART 240 THE ILLINOIS OIL AND GAS ACT
SECTION 240.1480 INVOLUNTARY TRANSFER
Section 240.1480 Involuntary Transfer
a) The Department may administratively transfer a permit to a person required to be the permittee under the Act when the Department determines, based on records or documents of title submitted to or collected by the Department that may indicate that the current permittee of the well or wells is not the owner of the well or wells as defined in the Act.
b) The new permittee shall pay the required transfer fee for transfers occurring under the provisions of this Section.
c) Transfers occurring under the provisions of this Section shall not be subject to the requirements of Section 240.250(b).
d) Prior to operating the transferred wells the permittee must provide a bond, if required, in accordance with Section 240.1500(a)(1) and (2).
e) Upon determination of an Involuntary Transfer, the Department shall notify the current and new permittees that the pending administrative transfer that will be effective 30 days from the date of notice unless a hearing is requested in accordance with Section 240.1490.
f) Following the completion of the administrative transfer, the person to whom the well or wells were transferred shall immediately become responsible for all regulatory requirements under the Act.
(Source: Amended at 42 Ill. Reg. 5811, effective March 14, 2018)