Sec. 358.152. POOLING OR UNITIZATION APPLICATION. (a) The personal representative of an estate shall file with the county clerk of the county in which the probate proceeding is pending a written application for authority to:
(1) enter into pooling or unitization agreements supplementing, amending, or otherwise relating to any existing lease or leases covering property owned by the estate; or
(2) commit royalties or other interests in minerals, whether or not subject to a lease, to a pooling or unitization agreement.
(b) The pooling or unitization application must also:
(1) sufficiently describe the property as required in an original lease application;
(2) describe briefly any lease or leases to which the interest of the estate is subject; and
(3) set out the reasons the proposed agreement concerning the property should be entered into.
(c) A copy of the proposed agreement must be attached to the application and made a part of the application by reference.
(d) The agreement may not be recorded in the judge's probate docket.
(e) Immediately after the pooling or unitization application is filed, the clerk shall call the application to the judge's attention.
Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 91 (S.B. 1303), Sec. 8.017, eff. January 1, 2014.
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