Tex. Nat. Res. Code § 102.015 · Subchapter B. REQUIREMENTS AND PROCEDURE FOR POOLING
PROHIBITED PROVISIONS IN OPERATING AGREEMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A pooling agreement, offer to pool, or pooling order is not considered fair and reasonable if it provides for an operating agreement containing any of the following provisions:
(1) preferential right of the operator to purchase mineral interests in the unit;
(2) a call on or option to purchase production from the unit;
(3) operating charges that include any part of district or central office expense other than reasonable overhead charges; or
(4) prohibition against nonoperators questioning the operation of the unit.
Notes and commentary — not statutory text
History
Acts 1977, 65th Leg., p. 2572, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/NR/htm/NR.102.htm
- Text hash
- sha256 41334119df45bba7af8e0e4ba0ba452567f130d9680c662b239a908b8e8a7f01
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.