Oklahoma Administrative Code (Last Updated: March 11, 2021) |
TITLE 385. Department of the Commissioners of the Land Office |
Chapter 15. Sale and Operation of Oil and Gas Leases |
SECTION 385:15-1-13. Release of lease
Latest version.
- Upon payment of all liabilities then accrued and due the Commission the oil and gas lessee may, at any time surrender and terminate a State lease by filing a formal relinquishment and release of said lease with the Secretary of the Commission, provided that if such lease has been recorded in the county, the release thereof must be recorded in the county by the lessee prior to filing with the Secretary of the Commission.