GroundRules
Tex. Natural Resources Code § 102.015: PROHIBITED PROVISIONS IN OPERATING AGREEMENT.
Where this section sits in the code
- NATURAL RESOURCES CODE
- TITLE 3. OIL AND GAS
- SUBTITLE C. POOLING AND COOPERATIVE AGREEMENTS
- CHAPTER 102. POOLING
- SUBCHAPTER B. REQUIREMENTS AND PROCEDURE FOR POOLING
A pooling agreement, offer to pool, or pooling order is not considered fair and reasonable if it provides for an operating agreement containing any of the following provisions:
(1) preferential right of the operator to purchase mineral interests in the unit;
(2) a call on or option to purchase production from the unit;
(3) operating charges that include any part of district or central office expense other than reasonable overhead charges; or
(4) prohibition against nonoperators questioning the operation of the unit.
Acts 1977, 65th Leg., p. 2572, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.
Collected 2026-08-27T01:47:28Z. Source file · JSON