{"data":{"id":"us-ok/okla.-stat.-tit.-52-52-605","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 52, § 52-605","heading":"Exempted transfers","body":"The following transfers are exempted from the provisions of this\n\nact:\n\n1. Transfers in the ordinary course of business. For the\n\npurposes of this act, transfers in the ordinary course of business\n\nshall include but not be limited to:\n\na. the granting of a lease to explore and produce an\n\nenergy resource asset,\n\nb. the assignment of a lease or leases to explore and\n\nproduce an energy resource asset by or to a person\n\nengaged in the business of buying and selling such\n\nleases,\n\nc. the sale by a natural person of fee mineral rights,\n\nd. the transfer by conveyance or decree pursuant to a\n\nprivate trust, gift, will, or intestate succession,\n\ne. any transfer pursuant to a compulsory pooling order\n\nof the Commission,\n\nf. any transfer of hydrocarbons pursuant to a contract\n\nfor the purchase, sale, or delivery of such\n\nhydrocarbons at or beyond the wellhead or other point\n\nof production,\n\ng. the transfer, sale, condemnation or conveyance of\n\nsurface use rights for the purposes of ingress,\n\negress, easement and right-of-ways, and\n\nh. sales in the ordinary course of business of pipeline\n\nequipment, oil and gas equipment and mineral\n\nequipment as defined in Section 371 of Title 52 of\n\nthe Oklahoma Statutes;\n\n2. The granting or assignment of a mortgage, security interest\n\nor other contractual lien in an energy resource asset as security\n\nfor an indebtedness or the foreclosure, enforcement or realization\n\nthereof;\n\n3. The granting or assignment of a royalty interest,\n\noverriding royalty interest, production payment, or other nonworking\n\ninterest form of right to receive hydrocarbon production, or\n\nproceeds therefrom;\n\n4. A transfer, as defined in subparagraph b of paragraph 4 of\n\nSection 3 of this act, where, after giving effect to the proposed\n\ntransfer, the transferee would beneficially own less than ten\n\npercent (10%) of the ownership interest in the transferor;\n\n5. A transfer, as defined in subparagraph a of paragraph 4 of\n\nSection 3 of this act, where the value of the energy resource assets\n\nat date of transfer is less than Seventy-five Million Dollars\n\n($75,000,000.00);\n\n6. A transfer, as defined in subparagraph b of paragraph 4 of\n\nSection 3 of this act, where the value at date of transfer of the\n\nenergy resource assets owned by the transferor is less than Seventy-\n\nfive Million Dollars ($75,000,000.00);\n\n7. A transfer of a \"domestic public utility\" or an ownership\n\ninterest in a \"domestic public utility\", as defined in Section 191.1\n\nof Title 17 of the Oklahoma Statutes; and\n\n8. Any other exemptions as may be granted pursuant to the\n\nrules, regulations and orders of the Commission reasonably\n\nprescribed in the furtherance of this act.","path":["OK Code","Title 52"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os52.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"2bb74d6eee565d561fae8af42f8e4a5dab41b61781883db6487e4b3707f35eac","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-52-52-604","next":"us-ok/okla.-stat.-tit.-52-52-606"},"notice":"GroundRules: Original legal text. Not legal advice."}