Texas Natural Resources Code 32.154 – Leases Subject to Laws, Orders, and Rules
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Natural Resources Code 32.154
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Drilling or mining operations for oil, gas, or other minerals and the production of oil, gas, or other minerals under a lease issued under this chapter are subject to:
(1) the laws of this state;
(2) valid orders made by the Railroad Commission of Texas or any other regulatory authority controlling the development of leases for the production of oil, gas, or other minerals; and
(3) rules the board adopts.