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Texas Natural Resources Code

§ 102.013 — REQUIRED VOLUNTARY POOLING OFFER

NR § 102.013Title 3. OIL AND GAS · Part C. POOLING AND COOPERATIVE AGREEMENTS · Ch. 102. POOLING · Art. B. REQUIREMENTS AND PROCEDURE FOR POOLING

Statute text

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(a)The applicant shall set forth in detail the nature of voluntary pooling offers made to the owners of the other interests in the proposed unit.
(b)The commission shall dismiss the application if it finds that a fair and reasonable offer to pool voluntarily has not been made by the applicant.
(c)An offer by an owner of a royalty or any other interest in oil or gas within an existing proration unit to share on the same yardstick basis as the other owners within the existing proration unit are then sharing shall be considered a fair and reasonable offer.

Legislative history

Acts 1977, 65th Leg., p. 2572, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.

Source: Texas Natural Resources Code § 102.013 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.