Texas Property Code

§ 67.002 — OIL AND GAS LIEN

PR § 67.002Title 5. EXEMPT PROPERTY AND LIENS · Part B. LIENS · Ch. 67. OIL AND GAS LIENS

Statute text

(a)To secure the obligations of a first purchaser to pay the sales price, each interest owner has an oil and gas lien to the extent of the interest owner's interest in oil and gas rights. The oil and gas lien exists as part of and incident to the ownership of oil and gas rights.

(b)An oil and gas lien:

(1)exists in and attaches to all oil and gas before severance;

(2)continues uninterrupted and without lapse in all oil and gas on and after severance; and

(3)continues uninterrupted and without lapse in and to all proceeds from the sale of the oil or gas.

(c)Except as provided by Subsection (d), an oil and gas lien exists until the interest owner or representative first entitled to receive the sales price has received the sales price for the oil or gas production, but the lien does not continue to attach to the production after the production is sold by the first purchaser, unless the first subsequent purchaser:

…

Legislative history

Added by Acts 2021, 87th Leg., R.S., Ch. 284 (H.B. 3794), Sec. 4, eff. September 1, 2021.