Texas Estates Code

§ 1160.051 — AUTHORIZATION FOR LEASING OF MINERALS

ES § 1160.051Title 3. GUARDIANSHIP AND RELATED PROCEDURES · Part E. ADMINISTRATION OF GUARDIANSHIP · Ch. 1160. MATTERS RELATING TO MINERAL PROPERTIES · Art. B. MINERAL LEASES AFTER PUBLIC NOTICE

Statute text

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(a)The court in which a guardianship proceeding is pending may authorize the guardian, acting solely under a court order, to make, execute, and deliver a lease, with or without a unitization clause or pooling provision, providing for the exploration for and development and production of oil, other liquid hydrocarbons, gas, metals and other solid minerals, and other minerals, or any of those minerals in place, belonging to the estate.

(b)A lease authorized by Subsection (a) must be made and entered into under and in conformity with this subchapter.

Legislative history

Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.