Texas Estates Code

§ 1160.056 — HEARING ON APPLICATION; ORDER

ES § 1160.056Title 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)At the time and place designated for the hearing under Section 1160.053(a), or at the time to which the hearing is continued as provided by Section 1160.053(b), the judge shall:

(1)hear a lease application filed under Section 1160.052; and

(2)require proof as to the necessity or advisability of leasing for mineral development the property described in the application and the notice.

(b)The judge shall enter an order authorizing one or more leases affecting and covering the property or portions of property described in the lease application, with or without pooling provisions or unitization clauses, and with or without cash consideration if considered by the court to be in the best interest of the estate, if the judge is satisfied that:

(1)the application is in proper form;

(2)notice has been given in the manner and for the time required by law;

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Legislative history

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