Texas Estates Code

§ 358.152 — POOLING OR UNITIZATION APPLICATION

ES § 358.152Title 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEY · Part H. CONTINUATION OF ADMINISTRATION · Ch. 358. MATTERS RELATING TO MINERAL PROPERTIES · Art. D. POOLING OR UNITIZATION OF ROYALTIES OR MINERALS

Statute text

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(a)The personal representative of an estate shall file with the county clerk of the county in which the probate proceeding is pending a written application for authority to:

(1)enter into pooling or unitization agreements supplementing, amending, or otherwise relating to any existing lease or leases 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 any lease or leases to which the interest of the estate is subject; and

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Legislative history

Acts 2011, 82nd Leg., R.S., Ch. 91 (S.B. 1303), Sec. 8.017, eff. January 1, 2014.