This form allows any Non-Operator, once each calendar year, to assume the position of Operator, proveded the Non-Operator owns a a mandated percent of the contract area. The Non-Operator shall be bound for one (1) year to operate at its proposed savings.
Colorado Change of Operator refers to the process by which an operator of an oil or gas well or lease in Colorado transfers their ownership, duties, and responsibilities to another party. This change typically occurs when an operator wants to sell, assign, or transfer their controlling interests to a new operator. There are several types of Colorado Change of Operator, including: 1. Assignment of Operator: This type of change occurs when the current operator assigns or transfers their ownership and operational responsibilities to another entity. The new operator must meet all the regulatory requirements and obtain the necessary permits and approvals from the appropriate regulatory bodies in Colorado. 2. Sale of Operator ship: In this case, the operator sells their controlling interests in the oil or gas well or lease to another entity. The new operator assumes all the rights, responsibilities, and obligations associated with operating the well or lease. This type of change often involves a substantial financial transaction between the parties involved. 3. Merger or Acquisition: When two or more companies merge or one company acquires another, there may be a change of operator ship in Colorado. This change can occur due to a change in corporate ownership or management structure. The new operator must comply with all laws, regulations, and permits required by the Colorado Oil and Gas Conservation Commission (COG CC). 4. Operator Name Change: Sometimes, a change of operator ship in Colorado may be a simple name change. This occurs when an operator undergoes a rebranding or chooses to change their legal name while maintaining the same ownership and operational structure. The new operator must update all necessary permits and regulatory filings reflecting the new name. During the Colorado Change of Operator process, the new operator must demonstrate their technical and financial capabilities to meet compliance requirements set by the COG CC, including providing evidence of financial resources, environmental safeguards, and relevant industry experience. The COG CC reviews the change request and grants approval if the new operator meets all the necessary criteria. Overall, the Colorado Change of Operator involves the transfer of ownership, responsibilities, and obligations related to oil and gas wells or leases to ensure safe and compliant operations within the state. It is an essential process that allows for the smooth transition of operational control and facilitates responsible resource development in Colorado's energy industry.
