Texas Natural Resources Code - Section 71.009. Royalty
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Texas Laws > Natural Resources Code > Texas Natural Resources Code - Section 71.009. Royalty
§ 71.009. ROYALTY. (a) In each lease other than a lease
for coal and lignite executed under this subchapter, the lessor
shall retain at least a one-eighth royalty.
(b) In a lease for coal and lignite executed under this
subchapter, the lessor shall retain at least a royalty based on one
of the following or a combination of the following:
(1) a sum certain per ton;
(2) a percentage certain of the gross sale price
F.O.B. at the mine site of the coal and lignite; or
(3) a sum certain for each acre-foot of coal and
lignite mined and removed from the premises.
(c) Royalties under a coal and lignite lease may be paid as
advanced mineral royalties.
Acts 1977, 65th Leg., p. 2505, ch. 871, art. I, § 1, eff. Sept. 1,
1977.
Section: 71.002 71.003 71.004 71.005 71.006 71.007 71.008 71.009 71.010 71.051 71.052 71.053 71.054 71.055 71.056
Last modified: August 11, 2007
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