California Code of Regulations
Title 14 - Natural Resources
Division 2 - Department of Conservation
Chapter 4 - Development, Regulation, and Conservation of Oil and Gas Resources
Subchapter 3 - Unit Operations
Article 8 - Offers to Sell
Section 1881 - Notice of Offer to Sell

Universal Citation: 14 CA Code of Regs 1881

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

(a) An offer of sale pursuant to Section 3647 of the Public Resources Code shall be made by filing a written notice of the offer to sell the interest with the district deputy of the district in which the unit area is located. The notice shall contain:

(1) An identification of the approved unit agreement.

(2) A description of the tract offered for sale.

(3) An identification of the oil and gas interest offered for sale, such as a royalty interest or working interest, together with a reference to any specific lease or contract giving rise to that interest, if applicable.

(4) The address where the offeror may receive any notices and communications concerning the offer.

(5) The price asked.

(b) Within five working days after receipt in the district office of the notice provided in subsection (a) of this section, the Supervisor shall send by regular mail copies of that notice to the unit operator and all working interest owners who have consented to the unit agreement.

1. Amendment filed 10-7-82; effective thirtieth day thereafter (Register 82, No. 41).
2. Change without regulatory effect amending subsection (b) filed 12-26-2006 pursuant to section 100, title 1, California Code of Regulations (Register 2006, No. 52).

Note: Authority cited: Section 3685, Public Resources Code. Reference: Section 3647, Public Resources Code.

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