Texas Estates Code

§ 1160.101 — AUTHORIZATION FOR LEASING OF MINERALS AT PRIVATE SALE

ES § 1160.101Title 3. GUARDIANSHIP AND RELATED PROCEDURES · Part E. ADMINISTRATION OF GUARDIANSHIP · Ch. 1160. MATTERS RELATING TO MINERAL PROPERTIES · Art. C. MINERAL LEASES AT PRIVATE SALE

Statute text

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(a)Notwithstanding the mandatory requirements for setting a time and place for hearing a lease application under Subchapter B and the issuance, service, and return of notice, the court may authorize the making of oil, gas, and mineral leases at a private sale without public notice or advertising if, in the court's opinion, facts are set out in the application sufficient to show that it would be more advantageous to the estate that a lease be made privately and without compliance with those mandatory requirements.

(b)Leases authorized under this subchapter may include pooling provisions or unitization clauses as in other cases.

Legislative history

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