Texas Tax Code
§ 202.060 — EXEMPTION FOR OIL AND GAS FROM REACTIVATED ORPHANED WELLS
TX § 202.060Title 2. STATE TAXATION · Part I. SEVERANCE TAXES · Ch. 202. OIL PRODUCTION TAX · Art. B. TAX IMPOSED
Statute text
View on source(a)In this section:
(1)"Commission" means the Railroad Commission of Texas.
(2)"Orphaned well" has the meaning assigned by Section 89.047, Natural Resources Code.
(b)The commission shall issue a certificate to a person who is designated by the commission under Section 89.047, Natural Resources Code, as the operator of an orphaned well. The certificate must identify the operator to whom and the well for which the certificate is issued.
(c)Hydrocarbons produced from the well identified in the certificate qualify for a severance tax exemption.
(d)The commission shall adopt all rules necessary to administer this section.
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Legislative history
Added by Acts 2005, 79th Leg., Ch. 267 (H.B. 2161), Sec. 12, eff. January 1, 2006.