Tex. Tax Code § 204.001 · Chapter 204. TAX CREDIT FOR NEW FIELD DISCOVERIES
DEFINITIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
In this chapter:
(1) "Commission" means the Railroad Commission of Texas.
(2) "Field" means an accumulation of oil or gas or both that is not in natural pressure communication or otherwise connected to any other accumulation of oil or gas or both.
(3) "New field" means a field that has been certified by the commission as a previously unrecognized and unidentified field.
(4) "Discovery well" means an oil or gas well by which a new field discovery is made.
(5) "Spud" means the initial penetration of the earth by the drill bit for an oil or gas well under proper permit from the commission.
(6) "Completed" means the well has been equipped to produce hydrocarbons and the commission has been notified as required by commission rules.
Notes and commentary — not statutory text
History
Added by Acts 1993, 73rd Leg., ch. 1014, Sec. 1, 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/TX/htm/TX.204.htm
- Text hash
- sha256 55326be596f86c6bf8b97690c70139fd3345fb7b3e99a1ad10de1ef2eab78581
- 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.