Texas Natural Resources Code Title 2, Chapter 71 - Lease For Mineral Development

SUBCHAPTER A LEASES BY POLITICAL SUBDIVISIONS

• Texas Section 71.001 - Definition
  In this subchapter, "political subdivision" means any body corporate with a recognized and defined area. Acts 1977, 65th Leg., p. 2504, ch. 871, art. I,...
• Texas Section 71.002 - Authority To Lease
  A political subdivision may lease land owned by it for mineral development, including development of coal and lignite. Acts 1977, 65th Leg., p. 2504, ch....
• Texas Section 71.003 - Governing Body To Exercise Authority
  The governing body of the political subdivision which is vested by law with management, control, and supervision of the political subdivision shall exercise the right...
• Texas Section 71.004 - Notice And Hearing
  Before a lease is made under this subchapter, notice must be given and a public hearing must be held for consideration of bids. Acts 1977,...
• Texas Section 71.005 - Notice Of Intention To Lease Land
  (a) After the governing body determines that it is advisable to lease land belonging to the political subdivision, it shall give notice of the intention...
• Texas Section 71.006 - Receiving Bids And Awarding Lease
  On the date specified in the notice, the governing body of the political subdivision shall receive and consider bids submitted for leasing all or part...
• Texas Section 71.007 - Rejection Of Bids And Additional Bids
  If the governing body believes that the bids submitted to it do not represent the fair value of the leases, the governing body may reject...
• Texas Section 71.008 - Grant Of Lease
  A lease made under this subchapter, including leases for coal and lignite, may be granted by public auction. Acts 1977, 65th Leg., p. 2505, ch....
• Texas Section 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....

SUBCHAPTER B POOLING MINERAL LEASES

• Texas Section 71.010 - Lease Term
  (a) No primary term of a lease other than a lease for coal and lignite made under this subchapter may be for a period of...
• Texas Section 71.051 - Definitions
  In this subchapter: (1) "City or town" means a city or town organized or chartered under the general laws of the state or under a...
• Texas Section 71.052 - Inserting Pooling Provisions In Leases
  A city, town, or political subdivision may insert in an oil and gas lease or in an oil, gas, and mineral lease executed by it...
• Texas Section 71.053 - Compliance With Governmental Agencies
  With respect to land owned by the city or town or other land owned by the political subdivisions, the drilling or spacing units may not...
• Texas Section 71.054 - Terms And Conditions Of Leases Of County School Land
  Leases of county school land that are governed by Article VII, Section 6, of the Texas Constitution, may include authorization for the formation of drilling...
• Texas Section 71.055 - Additional Terms Of Leases
  A lease covered by this subchapter may provide: (1) that the entire acreage pooled into a unit shall be treated for all purposes except the...
• Texas Section 71.056 - Amending Lease
  On application of the lessee or present owner of any oil and gas lease or any oil, gas, and mineral lease validly executed before June...
• Texas Section 71.057 - Authority To Commit Royalty Interests
  (a) A city, town, or political subdivision without notice may commit, to any agreement that provides for the operation of areas as a unit for...

Last modified: September 28, 2016