The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1915-01-23
REPORT IS MAOE I.
ON OIL LEASES
Original StipuIatiOnS Made BY
Kate Barnard BID Not in
Contract.
SUGGESTIONS ARE OFFERED
Believed That School Land De-
partment Should Fix Roy.
alt! Before Advertising.

II b. probable the school land dr
parmrul may consider whether or uoD
1t can hold q transferred oil lease sub
ject 10 the terms Of the award u- orig
inally modc, or 'h" proposition as sub
mltted. The lease lu question Wa- that
awStdcd lo Miss Kate Barnard ou q
tract In the Cimurrou river bed IN
bidding onslt .-be proposed to urc som"
Of the proceeds fur the benefit ui TlIl-
aud Vomru Who need brlp.
The lcnsc has finally been tms.
frrrrd tu the state on company hut
their Icnsc according to the special
agent mnIiug rcpurr OH the mlttcr,
does not contain these -llpuIhtluu,.
The matter uu- probably uu oversight
and attention win be called 10 the
school land board tu see If 1t is neccs
,ury that these -tipuiatiou- be- mcOr.
poratcd In the lease a. last executed.
Lease Transferred.
The lease has been transferred scN
rrnl times, says IN" report First
Miss Barnard transferred II to the
Kate Barnard oil company then that
company transferred 1t lmck 10 Kate
barnard Then Kate Barnard trans.
ferred II 10 the State Oil company
This was done last July.
The special agent IN making the re-
port says that the original Stipulation-
Iu the lease or the proposition made
hy Miss Barnard do not appear In the
lcase ~ held by the state Oil com
pany.
II Is suggested that the lease may
become very valuable as offset wells
now are bringing In good produc
tiOu. Just what the school land de-
partmcnt may do In the premises Is
not known but the matter will be
called 10 the attention Of the board
Monday when the report Is submit
ted.
Figures ARE submitted covering tive
wears showing the proceeds the state
has derived from its oil, gas and sand
leases Altogether the state has re
celved Sl5O,9OBTi Of this amount
S6.17D13 wNs for gas, $sgBG0 for sanC
and gravel S7,67SS0 for bonuses am
$li5.2I2.l6 from the oil The Ss!dta
FOR sand and gravel wns collected frou
Williams brothers Of Muskugec unC
ihis came since May, 1914.
Pryor Price of Tulsa has notified
the department that he Is willing Il
pay back royalty Of cents II ton auC
will make contract recognizing th'
states right 10 the sand aud gravel
This will Increase the amount derived
from this source nearly tu that ALREADY
collected by the department
Offers Suggestions.
Attention IL called 10y the spcca
agent making the report tu some thing
that may be- Of interest for the hoart
to follow Under provisions by whiCl
the state may lease liz oil and ga
leases the hig producer who Is abl
10 bring the oil TO the surface and
perhaps, store H. cannot get a lcns
from the state, because the lease term
laid down by law prohibit It.
Thus only the small producers %
those who as In the present experience
OF the department ARE unable now 4
, operate leases already awarded Al
tention X called 10 the condition
which obtains on the rlycrhed lease
awarded by the department aud thei
present condition Of incorporation. |
Is suggested that Instead Of ndverlls
Ing rny more leases without fixeu
, royalty, the department should fix In
+, royalty " the lease before advertism
and then II anyone offers "a bette
bonus this should govern
r II n recommended that mo- NOR
transfers or assignments be- approves
/ until special agent or supervise
D has reported the conditions cNistln
I upon the property being assigned q
/, transferred