Texas Estates Code

§ 358.101 — AUTHORIZATION FOR LEASING OF MINERALS AT PRIVATE SALE

ES § 358.101Title 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEY · Part H. CONTINUATION OF ADMINISTRATION · Ch. 358. MATTERS RELATING TO MINERAL PROPERTIES · Art. C. MINERAL LEASES AT PRIVATE SALE

Statute text

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(a)Notwithstanding the mandatory requirements of Subchapter B for setting a time and place for hearing of a lease application filed under Section 358.052 and the issuance, service, and return of notice, the court may authorize the making of oil, gas, and mineral leases at private sale without public notice or advertising if, in the court's opinion, facts are set out in the application required by Subchapter B 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 by this section may include pooling provisions or unitization clauses as in other cases.

Legislative history

Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014.