The lease contract of the state, with any lessee for oil and gas purposes, shall stipulate, and the advertisement for bids for leasing such land shall specify a fixed royalty, to be determined by the commissioners of the land office, and in no event less than twelve and one-half percent (12 1/2%) of the total output of such oil and gas, and in addition thereto any bonus offered for such lease, and shall also require a deposit of sufficient earnest money in the hands of the commission as the commission may require to accompany each bid, with appropriate conditions of forfeiture for failure to comply with the terms and conditions of bidding upon such lands. All leases for oil and gas provided in this article shall contain a provision requiring the lessee to drill a sufficient number of wells upon the leased premises to offset the wells upon adjoining contiguous premises, and a further provision that a failure to faithfully operate the leased premises for oil and gas to as full an extent as individual and corporate premises are being operated within the general oil and gas field, where such land is located, shall forfeit such lease to the state. No transfer or assignment of any lease shall be valid or convey any right in the assignee without the consent in writing of the commissioners of the land office. The board of commissioners may make such additional rules that are determined necessary to enforce the provisions of this article. Provided, the commissioners of the land office shall have authority to enter into agreements upon such terms and conditions as they may impose, providing for the communitizing of any oil and gas lease executed by them with other leases to be jointly operated and developed as a unit when they deem such communitization to be to the best interest of the funds and property under their management. This provision shall apply to existing leases as well as to leases to be entered into hereafter. (The word "communitizing" or "communitization", as used herein shall be defined as a combining of diverse interests or interests owned by different parties in lands and minerals on an area for a common development for oil and gas purposes so that such area may be considered as a unit or a whole.)
R.L. 1910, § 7198. Amended by Laws 1941, p. 304, § 1, emerg. eff. May 1, 1941; Laws 1997, c. 118, § 2, eff. July 1, 1997. Renumbered from § 285 of this title by Laws 2010, c. 41, § 118, 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.