Oklahoma Administrative Code
Title 385 - Department of the Commissioners of the Land Office
Chapter 15 - Sale and Operation of Oil and Gas Leases
Section 385:15-1-13 - Release of lease
Universal Citation: OK Admin Code 385:15-1-13
Current through Vol. 42, No. 1, September 16, 2024
Upon payment of all liabilities and damages including, but not limited to, unpaid royalties, well plugging, and surface restoration, a lessee may surrender an oil and gas lease by filing a formal release with the Land Office. However, if the oil and gas lease has been recorded with a County Clerk , the lessee shall record a release thereof in the county prior to filing a release with the Land Office.
Amended at 14 Ok Reg 3171, eff 7-25-97
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