Okla. Stat. tit. 61, § 61-308
This is the official text of Okla. Stat. tit. 61, § 61-308, part of Oklahoma’s Stat. tit. 61, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 61,." Browse the sections below, each linked to its official government source.
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Oil or gas lease of lands of public institutions
Official statutory text
The Office of Management and Enterprise Services is hereby
authorized to lease for drilling and development of oil or gas, or
both, any of the lands belonging to the state, on which are located
public institutions, or are connected with or a part of the lands of
such institution. Such leasing to be made by public competition
after not less than fifteen (15) days' notice by publication
electronically on an authorized state website and in two newspapers
authorized by law to publish legal notices, one of which newspapers
shall be published at the State Capital, and the other in the county
where the land is situated, and in such manner as said Office of
Management and Enterprise Services may by rule prescribe. All such
leasing must be on electronic or sealed bids and awarded to the
highest responsible bidder, and for a term of not to exceed five (5)
years from date and as long thereafter as oil and gas, or either of
them, is produced in paying quantities from the land by the lessee,
provided the Office may reject any and all bids. The oil and gas
interest in such land hereby authorized to be leased is to the
extent and in the manner that a private owner of lands in fee, may
in his own right, execute such lease or grant.
authorized to lease for drilling and development of oil or gas, or
both, any of the lands belonging to the state, on which are located
public institutions, or are connected with or a part of the lands of
such institution. Such leasing to be made by public competition
after not less than fifteen (15) days' notice by publication
electronically on an authorized state website and in two newspapers
authorized by law to publish legal notices, one of which newspapers
shall be published at the State Capital, and the other in the county
where the land is situated, and in such manner as said Office of
Management and Enterprise Services may by rule prescribe. All such
leasing must be on electronic or sealed bids and awarded to the
highest responsible bidder, and for a term of not to exceed five (5)
years from date and as long thereafter as oil and gas, or either of
them, is produced in paying quantities from the land by the lessee,
provided the Office may reject any and all bids. The oil and gas
interest in such land hereby authorized to be leased is to the
extent and in the manner that a private owner of lands in fee, may
in his own right, execute such lease or grant.
Status: in_force · Read it on the official government site
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