Server Time (CST): Feb. 27, 1:00:15p

ODWC Tract 1

Beaver County, OK
State of Oklahoma Oil and Gas Sealed Bid Lease Sale


Registration Status:

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ODWC Tract 1

Gross Acres:


Net Acres:


Time Remaining:

Auction has ended

Start Time:

11/9/2020 10:30 AM CST

End Time:

12/9/2020 10:30 AM CST

Minimum Bid:


Total Lease Cost at Minimum Bid:

(Bonus + Delay Rental + 2% Buyer Premium)

Legal Description:

Tract Details

Tract No.

ODWC Tract 1

County, State

Beaver, OK

Legal Description

T04N, R22E, CM
Sec. 7: NE/4, less and except the Chester Formation
1.25% Mineral Rights

Mineral Rights %


Net Acres


Gross Acres




Rental Due


Advertisement Fee

To Be Determined by CLO

Lease Term


ODWC Terms and Conditions of Sale

TERMS AND CONDITIONS OF SALE: The Lease will be on a form prescribed by the CLO for a term of three years, and as may be extended, and will provide for 1/5th 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. The successful bidder shall be liable for the full amount of the bid, all delay rentals and cost of advertising. Full payment is due 30 days from the date of acceptance of the bid.

Click here to view the lease form.

Failure to comply with any of the terms and conditions of sale 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 Department of Wildlife Conservation, 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.

NOTE: The lease shall be a Non-Surface Operational Lease. No surface operations of any kind shall take place upon the lands leased without written permission of the Oklahoma Department of Wildlife Conservation.

Successful Bidder Notification

After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.

Buyer Premium

A 2% Buyer Premium, calculated as 2% of the total bonus, will be added to the cost of this lease.

Commissioners of the Land Office Point of Contact

Dan Whitmarsh
Director, Minerals Management Division

(405) 521-4098

CLO Website

EnergyNet Point of Contact

Government Resources


(877) 351-4488