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§ 1072. Contracts authorized

Oklahoma Statutes AnnotatedTitle 64. Public Lands

Oklahoma Statutes Annotated
Title 64. Public Lands (Refs & Annos)
Chapter 11. Commissioners of the Land Office Modernization Act
64 Okl.St.Ann. § 1072
§ 1072. Contracts authorized
The Commissioners of the Land Office shall be, and they are hereby authorized to execute supplemental contracts to lessees on all lease contracts embracing more than thirty thousand (30,000) acres in one body without submitting same to bids for the renewal of said leases, providing that if oil and gas, or either of them, are being produced on said tracts of land in paying quantities at the expiration of said leases, that then, and in that event, said leases shall be extended for so long a period of time as gas and oil, or either of them, shall be produced on said tracts of land in paying quantities; Provided, however, that drilling operations shall be commenced within six (6) months from the date of passage of this resolution, and shall be prosecuted with diligence.

Credits

Laws 1919, c. 304, p. 442. Renumbered from Title 64, § 292 by Laws 2010, c. 41, § 124, emerg. eff. April 2, 2010.
64 Okl. St. Ann. § 1072, OK ST T. 64 § 1072
Current with emergency effective legislation through Chapter 106 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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