Tex. Nat. Res. Code § 102.015

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 102.015 - Prohibited Provisions in Operating Agreement

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.

Tex. Nat. Res. Code § 102.015

Acts 1977, 65th Leg., p. 2572, ch. 871, art. I, Sec. 1, eff. 9/1/1977.