11 AAC 83.331. Unit operator

(a) A unit operator must be qualified to hold a lease as provided in 11 AAC 82.200 - 11 AAC 82.205, and must be qualified to fulfill the duties and obligations prescribed in the unit agreement.

(b) The unit operator may be a working-interest owner in the unit area or may be a party selected by the working-interest owners.

(c) No designation or change of the unit operator becomes effective until approved by the commissioner. The commissioner will approve or disapprove a proposed change of the unit operator within 30 days after receipt of request and will explain in writing his basis for disapproval.

History: Eff. 9/5/74, Register 51; am 7/22/79, Register 71; am 6/28/81, Register 78

Authority: AS 38.05.020

AS 38.05.145

AS 38.05.180

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