If the person to whom a permit was originally issued disposes of all his operating interest in the well, he must submit a written statement to the division setting forth that fact and requesting that the permit be transferred to the person who has acquired the well. The transferee must furnish a bond as required in NAC 522.230. The surety may be released or canceled by the transferor upon approval of the transfer by the division.
Nev. Admin. Code § 522.225