Texas Natural Resources Code - Section 91.183. Rights Of Purchasers Of Native Gas
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§ 91.183. RIGHTS OF PURCHASERS OF NATIVE GAS. (a) In the
event there are remaining reserves of native gas in the storage
facility which are dedicated to a purchaser and the purchaser and
storer are unable to agree on an equitable settlement of rights with
respect to the remaining native gas within a period of time that
will prevent interference with the operation of the storage
facility, the storer or purchaser may apply to the commission for an
adjudication concerning remaining reserves of native gas.
(b) Upon application, the commission shall direct a
settlement of remaining reserves of native gas that is equitable to
all parties, but which does not interfere with the public benefits
arising from the operation of the storage facility.
(c) In addition to any other disposition that is equitable
to all parties, the commission may make a finding of the quantity of
remaining recoverable native gas and an allocation of future
production on a reasonable production schedule and order delivery
to the purchaser by the storer of the amounts of native gas that the
commission finds would have been taken by the purchaser during the
term of the purchase agreement.
Added by Acts 1979, 66th Leg., p. 1996, ch. 785, § 3, eff. June
13, 1979.
Section: 91.176 91.177 91.178 91.179 91.180 91.181 91.182 91.183 91.184 91.201 91.202 91.203 91.204 91.205 91.206
Last modified: August 10, 2007
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