(86839) SOLICITATION FOR BIDS BID NOTICE "OIL & GAS LEASE 1000-01" The Board of Regents of Oklahoma Colleges, will receive sealed bids from any interested persons for sale of an oil and gas lease.
Sealed bids will be publicly opened and read in Conference Room 203, Ad ministration Building, 100 North University, Edmond, Oklahoma at 9:00 A.M., Central Standard Time, Nov. 21st, 1986. Bids received after this colsing time will not be considered. Envelopes must be sealed with the name and address of the bidder at the upper left corner. The bid number "Oil & Gas Lease 1000-01" and the closing date must appear on the face of the envelope.
The proposed lease shall pertain to the Regents' interest in and to the oil and gas in and under approximately 192.89 acres located in Edmond, Oklahoma, in Oklahoma County, more particularly described as follows:
Beginning at the Center of Section 25, T14N-R3W, Oklahoma County, Oklahoma, Thence S00 degrees 00 minutes E, 512.0 feet, Thence N90 degrees 00 minutesE, 720.0 feet, Thence S00 degrees 00 minutesE, 1470.0 feet, Thence N90 degrees 00 minutesE, 30.0 feet, Thence S00 degrees 00 minutesE, 660.9 feet, Thence N89 degrees 59 minutesW, 2451.9 feet, Thence N00 degrees 15 minutesW, 3244.1 feet, Thence N27 degrees 43 minutesE, 363.6 feet, Thence with a curve to the right having a radius of 756.2 feet for a distance of 712.1 feet, Thence N90 degrees 00 minutesE, 987.1 feet, Thence S00 degrees 00 minutesE, 658.3 feet, Thence N90 degrees 00 minutesE, 360.0 feet, Thence S00 degrees 00 minutesE, 661.7 feet, Thence S90 degrees 00 minutesW, 360.0 feet, to the Point of Beginning. Said tract of land contains 192.89 acres of land, more or less
The oil and gas lease shall be subject to certain terms, conditions, and limitations of federal, state and local laws and regulations by various deeds, grants, and easements of record and by the poli cies, rules and regulations of the Board of Regents of Oklahoma Colleges. Any lease entered into as a result of the bids will include but not necessarily be limited to, the following features: