The Commissioners of the Land Office are authorized to lease for oil and gas purposes any of the school or other lands owned by the State of Oklahoma, which such Commissioners may deem valuable for oil and gas. Each such lease shall be a commence-type lease and shall provide for a term not less than one year and not to exceed five (5) years and as long thereafter as oil or gas may be produced therefrom in paying quantities, upon such terms and conditions and in such quantities as the Commissioners shall by rules and regulations prescribe. Each such lease shall provide for the delivery to the state of a royalty of not less than one-eighth (1/8) part of the oil or gas produced from the leased premises or in lieu thereof the payment to the state of the market value of said royalty interest, as the Commissioners may elect. The leases shall be offered by public competition after notice of the lease auction published one time not less than thirty (30) days prior to the lease auction 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. Such leasing shall be let by sealed bids and each lease awarded to the highest responsible bidder, such oil and gas leases may be assigned only with the consent and approval of the Commissioners of the Land Office; provided, the Commissioners have the right to reject any and all bids. 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.
Added by Laws 1917, c. 253, p. 462, § 1. Amended by Laws 1968, c. 243, § 1, emerg. eff. April 24, 1968; Laws 1981, c. 54, § 1, eff. Oct. 1, 1981; Laws 2003, c. 205, § 2, eff. July 1, 2003. Renumbered from § 281 of this title by Laws 2010, c. 41, § 115, emerg. eff. April 2, 2010.
Structure Oklahoma Statutes
§64-1001. Commissioners of the Land Office - Personnel.
§64-1002. Administration of state school lands - Powers and duties.
§64-1002A. Exchange of land for other properties.
§64-1004. Retention of realtors to secure tenants in commercial leasing of trust property.
§64-1005. Administration of Office – Appointment and duties of Secretary.
§64-1006. Commissioners of the Land Office - Secretary - Employees.
§64-1007. Division heads under supervision of Secretary.
§64-1009. Commissioners of the Land Office Fund - Deposit of funds - Use of funds.
§64-1010. Employee real estate appraiser license - Payment of fee.
§64-1011. Revolving fund created - Payments into fund - Payments from fund – Cash fund.
§64-1012. Fees and resolutions.
§64-1013. Investment of permanent school funds and other educational funds.
§64-1015. Appraisals and determining fair market value.
§64-1016. Appraisers - Prohibited activities - Violations.
§64-1017. False statements or affidavits – Perjury - Penalty.
§64-1018. Destruction of timber or improvements - Unlawful entry - Damages.
§64-1019. Lien on crops to secure rentals.
§64-1020. Sale of oil, gas or mineral leases.
§64-1021. Fee on natural gas sold to state or political subdivision.
§64-1022. Reservation and retention of oil, gas and other minerals under certain lands.
§64-1023. Trust property - Commercial, agricultural and mineral leases.
§64-1024. Bribes - Duty to report - Discharge for failure to report.
§64-1025. Embezzlement - Discharge upon conviction.
§64-1026. Records - Destroying or forging a felony.
§64-1027. Statutes of limitation - Prosecutions.
§64-1029. Cash Journal - Checks and drafts - Endorsement - Penalty.
§64-1033. Recordation of instruments - Fees.
§64-1034. Record of proceedings - Approval - Number of concurring members required.
§64-1035. Secretary - Duties - Financial statement to Governor and Legislature.
§64-1036. Accounts and records of Land Office – Audits – Filing copies of audits.
§64-1038. Power of Commissioners to sue and be sued – Attorney General to represent.
§64-1039. Checks, warrants or vouchers - Remaining unpaid for three years.
§64-1040. Certain lands to be sold.
§64-1041. Disposition of proceeds.
§64-1042. Limitations of purchase.
§64-1043. Preference right of lessees.
§64-1044. Record for taxation - Tax sales.
§64-1045. Cancellation of certificate - Redemption.
§64-1046. Conditions imposed follow land.
§64-1048. Irrigation and flood control projects - Sale of lands.
§64-1049. Oil and gas - Reservation - Lease.
§64-1050. Lessee - Preference right.
§64-1051. Failure to pay bid - Reimbursement of lessee.
§64-1053. Public auction - Extension of time.
§64-1054. Notice of sale - Publication.
§64-1055. Deed - Reservation of oil and gas.
§64-1056. All public lands subject to lease.
§64-1057. Commissioners of the Land Office - Delinquency – Collection procedures.
§64-1058. Assignment of lease as security.
§64-1059. Removal of crops and improvements.
§64-1060. Records made public.
§64-1062. Appraisement of land - Rules and regulations.
§64-1063. Leases authorized - Duration, terms and conditions - Public competition - Assignment.
§64-1064. School lands - Leasing for oil and gas.
§64-1065. Lease of surface interest to reserve mineral deposits.
§64-1066. Community oil and gas lease.
§64-1067. Lessee liable to surface holder for damages.
§64-1068. Condemnation under certain conditions.
§64-1072. Contracts authorized.
§64-1073. Royalty proceeds from sale of oil and gas production.
§64-1074. Division of proceeds of sales and leases.
§64-1075. New College Fund - Designation.
§64-1076. Proceeds made available.
§64-1078. Apportionment of income among institutions.
§64-1079. Receipts to constitute Public Building Fund - Transfer from General Revenue Fund.
§64-1081. Lease for oil and gas development.
§64-1082. Notice by publication.
§64-1083. Abandoned municipality - Definition - Oil and gas leases thereon.
§64-1084. County separate school lands - Leases.
§64-1085. State lands - Contracts for use - Damages.
§64-1086. Execution of instruments - Approval by Governor.
§64-1087. Negotiations and conveyances in lieu of condemnation proceedings.
§64-1089. Rights and powers cumulative.
§64-1090. Prospecting - Permits.
§64-1091. Notice and sale of lease.
§64-1092. Prospectors liable for damages to surface.
§64-1093. Rules and regulations.