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Texas Natural Resources Code

§ 53.018 — ROYALTY

NR § 53.018Title 2. PUBLIC DOMAIN · Part D. DISPOSITION OF THE PUBLIC DOMAIN · Ch. 53. MINERALS · Art. B. PROSPECT AND LEASE ON STATE LAND

Statute text

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The royalty under the lease shall not be less than one-sixteenth of the value of the minerals produced under the lease.

Legislative history

Acts 1977, 65th Leg., p. 2470, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.

Source: Texas Natural Resources Code § 53.018 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.