Okla. Stat. tit. 61, § 61-317: Oil and gas or mineral leases of state lands other than

Capitol lands and parkways.

The Office of Management and Enterprise Services is hereby

authorized and empowered to sell and execute oil and gas leases, and

other mining leases, on any of the lands of this state under the

control of said Office of Management and Enterprise Services. Sale

of Oklahoma State Capitol lands or parkways or the Executive Mansion

lands shall be made upon a basis of a retained royalty of not less

than one-eighth (1/8) of all the oil, gas, and other minerals

produced therefrom, and such additional cash bonus as may be

procured. Such leases shall contain a provision that in the event

of the discovery of natural gas, gas shall be furnished free of

charge to any state institution located or hereafter located upon

the lands covered by said lease, or leases. Said leases shall be

sold only after advertisement for a period of three (3) weeks

electronically on an authorized state website and in a legal

newspaper published and of general circulation in the county in

which said lands are located. The sale shall be made to the highest

responsible bidder, and all bids for any tract shall be presented to

the Office of Management and Enterprise Services electronically or

in sealed envelopes, and shall all be opened and considered at the

same time. Said Office of Management and Enterprise Services shall

have the right to reject any and all of said bids and again

readvertise said lease, or leases, for sale.

The Office of Management and Enterprise Services is further

authorized to make and promulgate such additional rules and

regulations as he may deem necessary and for the best interest of

the state in facilitating the sale of said leases. The Director may

contract with other state agencies to implement the provisions of

this section and any expenses charged under such contract may be

paid from the proceeds of the lease.

All monies derived from the sale of any and all of said leases,

and from any royalties subsequently accruing, after deduction of the

amount required to pay necessary and actual expenses of developing

the lease, shall be paid into the State Treasury and credited to the

Maintenance of State Buildings Revolving Fund.