Every person who acquires the right of ownership or right of operation of a geothermal well or wells shall within ten days notify the department in writing of the newly acquired ownership or right of operation and provide a bond equivalent to the bond supplied by the prior owner or operator. Each notice shall contain the following:

(1) Name, address, and signature of the person from whom the well or land was acquired;

(2) Name and location of such well or wells;

(3) Date of acquisition; and

(4) Description of the land upon which such well or wells is situated.