{"data":{"id":"us-ok/okla.-stat.-tit.-64-64-1066","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 64, § 64-1066","heading":"Community oil and gas lease","body":"The lease contract of the state, with any lessee for oil and gas\n\npurposes, shall stipulate, and the advertisement for bids for\n\nleasing such land shall specify a fixed royalty, to be determined by\n\nthe commissioners of the land office, and in no event less than\n\ntwelve and one-half percent (12 1/2%) of the total output of such\n\noil and gas, and in addition thereto any bonus offered for such\n\nlease, and shall also require a deposit of sufficient earnest money\n\nin the hands of the commission as the commission may require to\n\naccompany each bid, with appropriate conditions of forfeiture for\n\nfailure to comply with the terms and conditions of bidding upon such\n\nlands. All leases for oil and gas provided in this article shall\n\ncontain a provision requiring the lessee to drill a sufficient\n\nnumber of wells upon the leased premises to offset the wells upon\n\nadjoining contiguous premises, and a further provision that a\n\nfailure to faithfully operate the leased premises for oil and gas to\n\nas full an extent as individual and corporate premises are being\n\noperated within the general oil and gas field, where such land is\n\nlocated, shall forfeit such lease to the state. No transfer or\n\nassignment of any lease shall be valid or convey any right in the\n\nassignee without the consent in writing of the commissioners of the\n\nland office. The board of commissioners may make such additional\n\nrules that are determined necessary to enforce the provisions of\n\nthis article. Provided, the commissioners of the land office shall\n\nhave authority to enter into agreements upon such terms and\n\nconditions as they may impose, providing for the communitizing of\n\nany oil and gas lease executed by them with other leases to be\n\njointly operated and developed as a unit when they deem such\n\ncommunitization to be to the best interest of the funds and property\n\nunder their management. This provision shall apply to existing\n\nleases as well as to leases to be entered into hereafter. (The word\n\n\"communitizing\" or \"communitization\", as used herein shall be\n\ndefined as a combining of diverse interests or interests owned by\n\ndifferent parties in lands and minerals on an area for a common\n\ndevelopment for oil and gas purposes so that such area may be\n\nconsidered as a unit or a whole.)\n\nR.L. 1910, § 7198. Amended by Laws 1941, p. 304, § 1, emerg. eff.\n\nMay 1, 1941; Laws 1997, c. 118, § 2, eff. July 1, 1997. Renumbered\n\nfrom § 285 of this title by Laws 2010, c. 41, § 118, emerg. eff.\n\nApril 2, 2010.","path":["OK Code","Title 64"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os64.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"8a72ab517af6c239f74c174c9ed1473129870ea12f992a1eeb90e4fe8d4734e3","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-64-64-1065","next":"us-ok/okla.-stat.-tit.-64-64-1067"},"notice":"GroundRules: Original legal text. Not legal advice."}