SECTION 385:15-1-17. Leases on lands under certificate of purchase

Latest version.

(a)   The holder of an oil and gas lease covering the interest of a certificate of purchase holder may file his lease of record with the Commission by complying with the following:
(1)   Submit assignment of oil and gas lease rentals and royalties in duplicate on departmental form for certificate of purchase, which will be furnished on request.
(2)   Submit affidavit of statement of bonus consideration signed by both lessors and lessees.
(3)   Submit original oil and gas lease together with a photostatic or certified copy thereof.
(4)   Pay the required fee in the amount of $12.50 per lease. (See 385:15-1-32)
(b)   The filing of an oil and gas lease with the Commission will entitle the lessee thereof to notice of any proposed cancellation of the certificate of purchase covering said land.

[Source: Amended at 15 Ok Reg 1745, eff 5-12-98]

                    
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