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Texas Natural Resources Code

§ 71.009 — ROYALTY

NR § 71.009Title 2. PUBLIC DOMAIN · Part F. LAND OF POLITICAL SUBDIVISIONS · Ch. 71. LEASE FOR MINERAL DEVELOPMENT · Art. A. LEASES BY POLITICAL SUBDIVISIONS

Statute text

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(a)In each lease other than a lease for coal and lignite executed under this subchapter, the lessor shall retain at least a one-eighth royalty.
(b)In a lease for coal and lignite executed under this subchapter, the lessor shall retain at least a royalty based on one of the following or a combination of the following:
(1)a sum certain per ton;
(2)a percentage certain of the gross sale price F.O.B. at the mine site of the coal and lignite; or
(3)a sum certain for each acre-foot of coal and lignite mined and removed from the premises.
(c)Royalties under a coal and lignite lease may be paid as advanced mineral royalties.

Legislative history

Acts 1977, 65th Leg., p. 2505, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.

Source: Texas Natural Resources Code § 71.009 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.