Tex. Natural Resources Code § 52.088: ROYALTY RATE.
Where this section sits in the code
- NATURAL RESOURCES CODE
- TITLE 2. PUBLIC DOMAIN
- SUBTITLE D. DISPOSITION OF THE PUBLIC DOMAIN
- CHAPTER 52. OIL AND GAS
- SUBCHAPTER C. DEVELOPMENT OF RIVERBEDS AND CHANNELS
The board shall set the royalty rate on production of oil and gas from riverbeds and channels leased under this subchapter. The royalty rate set must be at least one-eighth of the gross production or the market value of the oil and gas produced.
Acts 1977, 65th Leg., p. 2452, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977. Amended by Acts 1993, 73rd Leg., ch. 897, Sec. 29, eff. Sept. 1, 1993.
Collected 2026-08-27T01:47:28Z. Source file · JSON