§ 155.15  TRANSFER OF OIL OR GAS WELL PERMITS.
   An oil or gas well permit may be transferred by the operator without the consent of the City Council if the transfer is in writing signed by both parties, if the transferee agrees to be bound by the terms and conditions of the transferred permit, if all information previously provided to the city as part of the application for the transferred permit is updated to reflect any changes, if the transferee provides the insurance and security required by this chapter.  The insurance and security provided by the transferor shall be released if a copy of the written transfer is provided to the city. The transfer shall not relieve the transferor from any liability to the city arising out of any activities conducted prior to the transfer.
(Ord. 618, passed 3-20-2006)