Okla. Stat. tit. 61, § 61-308: Oil or gas lease of lands of public institutions

The Office of Management and Enterprise Services is hereby

authorized to lease for drilling and development of oil or gas, or

both, any of the lands belonging to the state, on which are located

public institutions, or are connected with or a part of the lands of

such institution. Such leasing to be made by public competition

after not less than fifteen (15) days' notice by publication

electronically on an authorized state website and in two newspapers

authorized by law to publish legal notices, one of which newspapers

shall be published at the State Capital, and the other in the county

where the land is situated, and in such manner as said Office of

Management and Enterprise Services may by rule prescribe. All such

leasing must be on electronic or sealed bids and awarded to the

highest responsible bidder, and for a term of not to exceed five (5)

years from date and as long thereafter as oil and gas, or either of

them, is produced in paying quantities from the land by the lessee,

provided the Office may reject any and all bids. The oil and gas

interest in such land hereby authorized to be leased is to the

extent and in the manner that a private owner of lands in fee, may

in his own right, execute such lease or grant.