Mineral rights on land, which may be auctioned off by the city of Chickasha directly deals with the South Central Oklahoma Oil Provence, said City Manager Stewart Fairburn.
"We did something similar to this a couple of years ago near the airport and it was SCOOP related then," he said.
Over 3,000 acres of land surrounding Chickasha Lake has been requested to go to auction by Turner Oil.
Fairburn said there is no concern with excavating oil from land in such close proximity to the Chickasha Lake.
"Underground, any oil is thousands of feet away from the water," Fairburn said. "Any safety factor would need to be looked at regarding above ground operations."
At the moment, the sale would simply be a lease to explore the area, but if it went any further state laws and mandates would have to be taken into account.