Okla. Stat. tit. 58, § 58-924
This is the official text of Okla. Stat. tit. 58, § 58-924, part of Oklahoma’s Stat. tit. 58, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 58,." Browse the sections below, each linked to its official government source.
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Oil, gas and mineral leases by executors and
Official statutory text
administrators or guardians - Proceeding in district court -
Petition.
Administrators and executors of estates of deceased persons and
guardians of the estates of minors and incompetent persons are
hereby authorized to sell and execute oil and gas or other mining
leases upon the lands belonging to the estates of said deceased
persons, or of said minors or incompetent persons, for a term not to
exceed ten (10) years and as long thereafter as oil, gas or other
minerals may be produced in paying quantities, upon compliance with
this act, and the district court in which said guardianship or
administration proceedings are pending shall have jurisdiction to
order said sale upon the filing of a petition therein alleging that
the estate of said deceased person or the estate of said minor or
incompetent ward is the owner of the lands which shall be described
in said petition, and that the same have a probable value for oil
and gas mining purposes, and that the estate of said deceased person
or of said ward is not financially able or that it is impractical
for said estate to explore said land for oil and gas, and that it is
to the best interest of the estate to lease said lands at public
auction to the highest bidder for cash, which petition shall be
verified by said administrator, executor or guardian, and if it
involves lands belonging to the estates of deceased persons, the
Oklahoma Statutes - Title 58. Probate Procedure Page 127
petition shall set forth the names and post office addresses of the
heirs of such deceased persons. If the will of any such deceased
person empowers the executor to sell oil and gas or other mineral
leases upon the lands of the testator, it shall not be necessary for
the executor, or the administrator with the will annexed, to comply
with this act, but in such case the sale and execution of the lease
shall be deemed to be a sale of property and subject to Section 1299
of Oklahoma Statutes, 1931. The word "land" or "lands" as used
herein, includes any oil, gas or other mineral rights or interests
in lands which may be leaseable.
Petition.
Administrators and executors of estates of deceased persons and
guardians of the estates of minors and incompetent persons are
hereby authorized to sell and execute oil and gas or other mining
leases upon the lands belonging to the estates of said deceased
persons, or of said minors or incompetent persons, for a term not to
exceed ten (10) years and as long thereafter as oil, gas or other
minerals may be produced in paying quantities, upon compliance with
this act, and the district court in which said guardianship or
administration proceedings are pending shall have jurisdiction to
order said sale upon the filing of a petition therein alleging that
the estate of said deceased person or the estate of said minor or
incompetent ward is the owner of the lands which shall be described
in said petition, and that the same have a probable value for oil
and gas mining purposes, and that the estate of said deceased person
or of said ward is not financially able or that it is impractical
for said estate to explore said land for oil and gas, and that it is
to the best interest of the estate to lease said lands at public
auction to the highest bidder for cash, which petition shall be
verified by said administrator, executor or guardian, and if it
involves lands belonging to the estates of deceased persons, the
Oklahoma Statutes - Title 58. Probate Procedure Page 127
petition shall set forth the names and post office addresses of the
heirs of such deceased persons. If the will of any such deceased
person empowers the executor to sell oil and gas or other mineral
leases upon the lands of the testator, it shall not be necessary for
the executor, or the administrator with the will annexed, to comply
with this act, but in such case the sale and execution of the lease
shall be deemed to be a sale of property and subject to Section 1299
of Oklahoma Statutes, 1931. The word "land" or "lands" as used
herein, includes any oil, gas or other mineral rights or interests
in lands which may be leaseable.
Status: in_force · Read it on the official government site
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