Oklahoma § 58-924 - Oil, gas and mineral leases by executors and

§ 58-924. Oil, gas and mineral leases by executors and

administrators or guardians - Proceeding in district court Petition.

Administrators and executors of estates of deceased persons and

guardians of the estates of minors and incompetent persons are

hereby authorized to sell and execute oil and gas or other mining

leases upon the lands belonging to the estates of said deceased

persons, or of said minors or incompetent persons, for a term not to

exceed ten (10) years and as long thereafter as oil, gas or other

minerals may be produced in paying quantities, upon compliance with

this act, and the district court in which said guardianship or

administration proceedings are pending shall have jurisdiction to

order said sale upon the filing of a petition therein alleging that

the estate of said deceased person or the estate of said minor or

incompetent ward is the owner of the lands which shall be described

in said petition, and that the same have a probable value for oil

and gas mining purposes, and that the estate of said deceased person

or of said ward is not financially able or that it is impractical

for said estate to explore said land for oil and gas, and that it is

to the best interest of the estate to lease said lands at public

auction to the highest bidder for cash, which petition shall be

verified by said administrator, executor or guardian, and if it

involves lands belonging to the estates of deceased persons, the

Oklahoma Statutes - Title 58. Probate Procedure

petition shall set forth the names and post office addresses of the

heirs of such deceased persons. If the will of any such deceased

person empowers the executor to sell oil and gas or other mineral

leases upon the lands of the testator, it shall not be necessary for

the executor, or the administrator with the will annexed, to comply

with this act, but in such case the sale and execution of the lease

shall be deemed to be a sale of property and subject to Section 1299

of Oklahoma Statutes, 1931. The word "land" or "lands" as used

herein, includes any oil, gas or other mineral rights or interests

in lands which may be leaseable.

Laws 1937, p. 4, § 1.