Okla. Stat. tit. 64, § 64-1020
This is the official text of Okla. Stat. tit. 64, § 64-1020, part of Oklahoma’s Stat. tit. 64, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 64,." Browse the sections below, each linked to its official government source.
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Sale of oil, gas or mineral leases
Official statutory text
The Commissioners of the Land Office may sell oil and gas or
other mineral leases on any of the public lands under their control
and supervision whether the same was acquired by federal grant,
donation, foreclosure or otherwise. The Commissioners of the Land
Office shall publish notice of the lease sale one time not less than
thirty (30) days prior to the lease sale date in two newspapers
authorized by law to publish legal notices. One of the newspapers
shall be published in the county where the land is located or other
newspaper as authorized by Section 106 of Title 25 of the Oklahoma
Statutes. The other shall be a newspaper of general circulation in
this state. The leasing shall require and the advertisement shall
specify in each case a fixed royalty to be paid by the successful
bidder, in addition to any bonus offered for the lease, and no
transfer or assignment of any lease shall be valid or confer any
right in the assignee without the prior consent of the Commissioners
of the Land Office in writing. Agricultural lessees in possession
of the lands shall be reimbursed for all damage done to the interest
of the agricultural lessee. The Commissioners of the Land Office
have the right to reject any and all bids for leases. The
Commissioners of the Land Office shall provide any other notice of
oil and gas lease sales to all interested parties by any means it
determines is needed to attract the best competition.
other mineral leases on any of the public lands under their control
and supervision whether the same was acquired by federal grant,
donation, foreclosure or otherwise. The Commissioners of the Land
Office shall publish notice of the lease sale one time not less than
thirty (30) days prior to the lease sale date in two newspapers
authorized by law to publish legal notices. One of the newspapers
shall be published in the county where the land is located or other
newspaper as authorized by Section 106 of Title 25 of the Oklahoma
Statutes. The other shall be a newspaper of general circulation in
this state. The leasing shall require and the advertisement shall
specify in each case a fixed royalty to be paid by the successful
bidder, in addition to any bonus offered for the lease, and no
transfer or assignment of any lease shall be valid or confer any
right in the assignee without the prior consent of the Commissioners
of the Land Office in writing. Agricultural lessees in possession
of the lands shall be reimbursed for all damage done to the interest
of the agricultural lessee. The Commissioners of the Land Office
have the right to reject any and all bids for leases. The
Commissioners of the Land Office shall provide any other notice of
oil and gas lease sales to all interested parties by any means it
determines is needed to attract the best competition.
Status: in_force · Read it on the official government site
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