(a) A permit shall not be transferable but may be reissued as a new permit for any other location if prior to the commencement of operations the owner or operator to whom the permit originally was issued submits, all in triplicate, a letter advising of the location change, another application completely filled out, and the appropriate plat showing the new location. Reissuance of the permit, without additional fee, shall be made by the department after determination that the application is in order and that the appropriate plugging bond is in force or proof of financial responsibility has been established as provided in section 551.3 of this Title.

(b) A new permit shall not be required for a revised location which has been moved no more than 75 feet from the original location as a result of surface obstructions or topography. The owner or operator is required, however, to advise the department by triplicate letter of any such minor changes as were made in location within five days after the commencement of operations.

(c) A permit also may be reissued as a new permit to any other owner or operator without additional fee if prior to the completion of the planned operations, the owner or operator to whom the permit originally was issued disposes of his interest in the well and the other owner or operator takes charge of the operations. To effect this change, the owner or operator to whom the permit originally was issued must submit in triplicate a written statement to the department setting forth the facts and requesting that the permit be reissued to the person who will conduct the operations. Before a permit shall be reissued, the owner or operator who has assumed responsibility for the operation must submit in triplicate a written statement setting forth that he has taken charge of the well and will assume full responsibility for its plugging in conformity with the rules, regulations, orders and amendments thereof issued by the department. Reissuance of the permit, without additional fee, shall be made by the department after determination that all is in order and the new owner or operator has furnished both the required organizational report and a satisfactory plugging bond or proof of financial responsibility as provided in section 551.3 of this Title.