...
Q749.
...
What
...
are
...
the
...
notification
...
requirements
...
when
...
an
...
Onshore
...
Petroleum
...
and
...
Natural
...
Gas
...
Production
...
facility,
...
reporting
...
under
...
Subpart
...
W,
...
sells
...
wells
...
and
...
associated
...
equipment
...
in
...
a
...
basin?
...
Scenario 1. The Purchaser buys all of the Seller’s wells and associated equipment in a basin where the Purchaser already operates (and the Purchaser has an e-GGRT ID).A749. In general, an Onshore Petroleum and Natural Gas Production facility that reports under subpart W and sold some or all of its wells and associated equipment in a basin is not required to notify EPA of the transaction. Below is information for six specific hypothetical scenarios.
Scenario 1. The Purchaser buys all of the Seller’s wells and associated equipment in a basin where the Purchaser already operates (and the Purchaser has an e-GGRT ID).
There is no requirement that the Seller report the sale to EPA. While not required to do so, the selling facility may choose to optionally notify EPA through the GHGRP Help Desk requesting the facility be marked as “not reporting” and explaining that all of the wells and associated equipment in the basin have been transferred to the Purchaser. This will permit the seller to avoid receiving notices from EPA.
...
Purchaser 1 and Purchaser 2 would add the respective newly acquired wells and associated equipment to their facilities for purposes of GHG reporting and shall be responsible for all Part 98 requirements for these wells and associated equipment for the entire reporting year.
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Source: M DeFigueiredo, 3/07/2013
Approval / Publishing History: Version 1
Expiration : none
Relevant Subpart: W General
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