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Terms Used In Texas Natural Resources Code 52.071

  • Contract: A legal written agreement that becomes binding when signed.
  • 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

The riverbeds and channels belonging to the state are subject to development by the state and to lease or contract for recovery of oil and gas.