Oklahoma Code § 52-549.3

§ 52-549.3.

Oil and gas lien.

NATURE, EXTENT AND DURATION OF OIL AND GAS LIEN

A. To secure the obligations of a first purchaser to pay the

sales price, and to secure the obligation of any person to pay any

proceeds, as defined in Section 549.2 of this title, for the

acquisition of oil and gas rights, each interest owner is hereby

granted an oil and gas lien to the extent of the interest owner’s

interest in oil and gas rights. The oil and gas lien granted by the

Oil and Gas Owners’ Lien Act of 2010 is granted and shall exist as

part of and incident to the ownership of oil and gas rights.

B. An oil and gas lien:

1. Exists in and attaches immediately to all oil and gas on

April 19, 2010;

2. Continues uninterrupted and without lapse in all oil and gas

upon and after severance; and

3. Continues uninterrupted and without lapse in and to all

proceeds.

C. An oil and gas lien exists until the interest owner or

representative first entitled to receive the sales price or any

proceeds, as defined in Section 549.2 of this title, for the

acquisition of oil and gas rights, has received the sales price or

any proceeds, as defined in Section 549.2 of this title, for the

acquisition of oil and gas rights. Notwithstanding the immediately

preceding sentence, as between an interest owner and a

representative of an interest owner or any person claiming adversely

to such interest owner or representative, such interest owner’s oil

and gas lien continues uninterrupted and without lapse in proceeds

in the possession or control of a representative until the interest

owner on whose behalf such representative acts receives such

proceeds in full. When a first purchaser, in good faith, pays the

sales price to an interest owner or a representative otherwise

apparently entitled to receive the sales price and the first

purchaser is without actual knowledge that such interest owner or

representative is not entitled to receive the sales price so paid,

then such first purchaser takes free of the oil and gas lien

otherwise applicable to the oil or gas for which such payment was

made. Notwithstanding the immediately preceding sentence, the oil

and gas lien will continue uninterrupted in the proceeds paid to or

otherwise due the interest owner or representative.

D. The validity of an oil and gas lien shall not be dependent

on possession of the oil or gas by an interest owner or

representative. No oil and gas lien shall become or be deemed to be

Oklahoma Statutes - Title 52. Oil and Gas

void or expired by reason of a change or transfer of the actual or

constructive possession of or title to the oil or gas from the

interest owner or representative to a first purchaser or purchaser.

E. On the conveyance or transfer of any oil and gas rights by a

transferor interest owner, the oil and gas lien vested in the

transferor interest owner immediately before the conveyance or

transfer shall remain with the transferor interest owner to the

extent of any oil and gas rights retained by the transferor interest

owner.

F. On the conveyance or transfer of any oil and gas rights by a

transferor interest owner, the oil and gas lien vested in the

transferor interest owner immediately before the conveyance or

transfer shall be transferred to and attach automatically to the oil

and gas rights acquired by the transferee interest owner

uninterrupted and without lapse and as part of and incident to the

oil and gas rights so transferred or conveyed.

Added by Laws 2010, c. 142, § 3, emerg. eff. April 19, 2010.

Amended by Laws 2021, c. 93, § 2, eff. Nov. 1, 2021.