Chickasha council opens auction and later approves leases for multiple oil-and‑gas tracts

The Chickasha City Council opened a public auction for oil‑and‑gas mining leases under 64 O.S. §§ 1081–1082, reading legal descriptions for tracts in the Chickasha Old Town additions and offering each tract with a three‑year primary term and a minimum one‑fifth royalty interest.

During the public auction portion of the meeting staff read each tract’s legal description and invited bids. Later in the meeting, after a statutorily authorized executive session on real property, councilmembers moved to lease individual tracts to bidders on the record. Examples include motions recorded in the minutes: “I move we lease Tract 1 to Camino for $2,200 at 1 fifth,” and similar motions approving leases of Tracts 2–12 to Camino and Hermitage with amounts stated in the record. Each lease motion was moved, seconded and approved by roll call as recorded in the meeting transcript.

Council and staff described the auction terms on the record: a three‑year primary term with a minimum royalty interest of one‑fifth. The council closed the auction portion of the agenda after offering each tract and then acted on acceptance of bids in open session following executive session deliberations.

The city cited the statutory authority for the auction: 64 O.S. §§ 1081 and 1082. The record shows multiple motions approving leases; specifics for each tract (lessee name and amount) are recorded in the transcript of the meeting. No additional details about lease start dates or lessee contact information were provided in the meeting record.