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 385:15-1-7. Advertising deposit
Latest version.
- At the discretion of the Director of Mineral Management Division an advertising deposit may be required. The Director of Mineral Management Division will set the amount of deposit, if required. The actual cost of advertising shall be paid by the successful bidder. If there is no successful bidder or the bid is rejected, advertising costs shall be paid by the requester of the lease sale. If said costs are less than the deposit, the overpayment will be refunded.