Texas Estates Code

§ 1160.152 — POOLING OR UNITIZATION APPLICATION

ES § 1160.152Title 3. GUARDIANSHIP AND RELATED PROCEDURES · Part E. ADMINISTRATION OF GUARDIANSHIP · Ch. 1160. MATTERS RELATING TO MINERAL PROPERTIES · Art. D. POOLING OR UNITIZATION OF ROYALTIES OR MINERALS

Statute text

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(a)The guardian of the estate shall file with the county clerk of the county in which the guardianship proceeding is pending a written application for authority to:

(1)enter into a pooling or unitization agreement supplementing, amending, or otherwise relating to any existing lease covering property owned by the estate; or

(2)commit royalties or other interests in minerals, whether or not subject to a lease, to a pooling or unitization agreement.

(b)The pooling or unitization application must also:

(1)sufficiently describe the property as required in an original lease application;

(2)describe briefly the lease to which the interest of the estate is subject; and

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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.