Tex. Nat. Resources Code Section 102.015
Prohibited Provisions in Operating Agreement

A pooling agreement, offer to pool, or pooling order is not considered fair and reasonable if it provides for an operating agreement containing any of the following provisions:

(1)

preferential right of the operator to purchase mineral interests in the unit;

(2)

a call on or option to purchase production from the unit;

(3)

operating charges that include any part of district or central office expense other than reasonable overhead charges; or

(4)

prohibition against nonoperators questioning the operation of the unit.
Acts 1977, 65th Leg., p. 2572, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.

Source: Section 102.015 — Prohibited Provisions in Operating Agreement, https://statutes.­capitol.­texas.­gov/Docs/NR/htm/NR.­102.­htm#102.­015 (accessed May 4, 2024).

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May 4, 2024

§ 102.015’s source at texas​.gov