Okla. Admin. Code § 385:15-1-13

Current through Vol. 42, No. 7, December 16, 2024

Section 385:15-1-13 - Release of lease

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.

Okla. Admin. Code § 385:15-1-13

Amended at 14 Ok Reg 3171, eff 7-25-97

Amended by Oklahoma Register, Volume 38, Issue 24, September 1, 2021, eff. 9/11/2021