Notice of oil and gas lease sale, 07/18/2012

              NOTICE OF OIL AND GAS LEASE SALE
BY SEALED BIDS TO BE OPENED AT 11:00 A.M.
SALE DATE: 7/18/2012
THE COMMISSIONERS OF THE LAND OFFICE OF THE STATE OF OKLAHOMA INVITES BIDS for Oil and Gas Leases upon the
following terms covering the tracts of land hereinafter described.
Bids are to be in writing on bid forms provided by the Land Office and enclosed in a sealed envelope, bearing the notation on
the outside front face of the envelope "Bids for Oil and Gas Lease Sale" and the date of the sale. Bids which are mailed must
be enclosed in another envelope and addressed as set out below.
Bids must be mailed or delivered to the Commissioners of the Land Office, 120 N ROBINSON SUITE
1000W, Oklahoma City, Oklahoma 73102-7749, on or before the time and date of the sale.
All bids received prior to 11:00 A.M. on date of sale will be publicly opened and the bids announced. No bid will be
considered that is not delivered by 11:00 A.M. on the date of sale. Leases will be awarded to the bidder of the highest cash
bonus, if acceptable.
TERMS OF SALE: Lease will be on a form prescribed by the Commissioners, and will be for a term of three years, as
extended, and will provide for 3/16ths royalty, and an annual delay rental of $1.00 per net acre to be paid in full before lease is
issued, in addition to lease bonus. Bids shall be for a cash bonus for each tract, but no bid of less than $5.00 per acre will be
considered. Each bid must be accompanied by a remittance in the amount of 25% of bid as earnest money. Checks will be
returned to unsuccessful bidders. Successful bidder shall have 30 days from the date of acceptance of bid to pay balance of
bonus, all delay rentals and cost of advertising, unless an extension of time is granted, and shall be liable for the full amount
of bid, all delay rentals and cost of advertising. Failure to comply with any of the terms will be grounds for the cancellation of
the award and the retention of the deposit of earnest money as liquidated damages at the election of the Secretary.
The Commissioners of the Land Office and the State of Oklahoma make no warranty of title and reserve the right to reject any
and all bids.
IMPORTANT: Separate bid and check are required on each tract if you are bidding on more than one
tract.
PLEASE ENCLOSE ALL BIDS IN ONE "9 x 12" ENVELOPE. PLEASE DO NOT FOLD BIDS OR USE
STAPLES.
Bid Forms are available at www.clo.ok.gov
Note: The M.R. % column refers to percentage of the mineral interest offered for each tract.
CURRENT RULES PROVIDE THAT ALL OIL AND GAS BIDS BECOME FINAL AT DATE AND TIME OF BID OPENING
TRACT COUNTY LEGAL DESCRIPTION SEC TWP RGE M. R. % GROSS ACS NET ACS
1 BEAVER NW/4, less and except the Chester
formation
22-03N-23ECM 50.00 % 160.00 80.00
2 BECKHAM NW/4 36-11N-22WIM 100.00 % 160.00 160.00
3 BECKHAM SW/4 36-11N-22WIM 50.00 % 160.00 80.00
4 BECKHAM SE/4 SW/4 32-10N-25WIM 100.00 % 40.00 40.00
5 CANADIAN W/2 NE/4, less and except from the
surface to the base of the Springer
formation
08-11N-10WIM 50.00 % 80.00 40.00
6 CIMARRON Lots 1 and 2; S/2 SE/4 09-06N-03ECM 100.00 % 124.71 124.71
7 CIMARRON Lots 1 and 2; S/2 SE/4 10-06N-03ECM 100.00 % 126.20 126.20
8 CIMARRON Lots 3 and 4; S/2 SW/4 10-06N-03ECM 100.00 % 125.80 125.80
9 CIMARRON Lots 1 and 2; S/2 SE/4 11-06N-03ECM 100.00 % 127.60 127.60
10 CIMARRON Lots 3 and 4; S/2 SW/4 11-06N-03ECM 100.00 % 126.80 126.80
11 CIMARRON NE/4 14-06N-03ECM 100.00 % 160.00 160.00
12 CIMARRON NW/4 14-06N-03ECM 100.00 % 160.00 160.00
13 CIMARRON N/2 NE/4; SE/4 NE/4 15-06N-03ECM 100.00 % 120.00 120.00
14 CIMARRON NW/4 15-06N-03ECM 100.00 % 160.00 160.00
15 CIMARRON NE/4 16-06N-03ECM 100.00 % 160.00 160.00
16 CLEVELAND NE/4 36-08N-02WIM 100.00 % 160.00 160.00
17 DEWEY E/2 NE/4, less and except the
Tonkawa formation
20-16N-17WIM 100.00 % 80.00 80.00
18 ELLIS All that part of Lots 3 and 4 of
Section 6-16N-24W, Roger Mills
County acrreted to and lying within
Section 32-17N-24W
32-17N-24WIM 50.00 % 47.39 23.70
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