Tex. Nat. Res. Code § 32.1072 · Subchapter D. SALE AND LEASE OF LAND
MINIMUM ROYALTY, BONUS, AND RENTAL.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
The board may not accept a bid on an oil and gas lease that offers:
(1) a royalty of less than one-eighth of the gross production of oil and gas; or
(2) a cash bonus of less than $10 an acre.
Notes and commentary — not statutory text
History
Added by Acts 1985, 69th Leg., ch. 624, Sec. 22, eff. Sept. 1, 1985. Amended by Acts 1993, 73rd Leg., ch. 897, Sec. 11, eff. Sept. 1, 1993.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/NR/htm/NR.32.htm
- Text hash
- sha256 b2705b5191d27821064525f1bf9078fe0aaac5e07f8546367e3cfdcd1b10fdef
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Nat. Res. Code § 32.1072. Each shows the citation as that text prints it.
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.