Tex. Nat. Resources Code Section 53.115
Provisions of Agreement

(a)

An agreement executed under this subchapter may include the following provisions:

(1)

that operations incident to drilling a well on any portion of a unit shall be considered for all purposes to be conduct of the operations on each tract in the unit;

(2)

that production allocated by the agreement to each tract included in the unit shall be considered for all purposes to have been production from the tract;

(3)

that the interest reserved to or provided for the state or any of its funds on production from any tract included in the unit shall be paid only on that portion of the production from the unit that is allocated to the tract under the agreement; and

(4)

that each lease included in the unit shall remain in effect so long as the agreement remains in effect and that on termination of the agreement each lease shall continue in effect under the terms and conditions of the lease.

(b)

The agreement may include any other terms and conditions the commissioner or any board, official, agent, agency, or authority of the state that has the authority to lease or to approve a lease of the land for sulphur may consider to be in the best interest of the state.
Acts 1977, 65th Leg., p. 2474, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977. Amended by Acts 1993, 73rd Leg., ch. 897, Sec. 59, eff. Sept. 1, 1993.

Source: Section 53.115 — Provisions of Agreement, https://statutes.­capitol.­texas.­gov/Docs/NR/htm/NR.­53.­htm#53.­115 (accessed Jun. 5, 2024).

53.001
Definitions 53.011
Land Subject to Prospect 53.012
Application for Right to Prospect 53.013
Conditions of Permit 53.015
Application for Lease 53.016
Issuance of Lease 53.018
Royalty 53.019
Payments 53.020
Assignment and Transfer 53.021
Forfeiture of Lease 53.022
Effect of Subchapter 53.023
Immediate Lease 53.024
Penalty and Interest 53.025
Lease Relinquishment 53.026
In Kind Royalty 53.027
Contracts and Agreements 53.028
Audit Information Confidential 53.061
Authority to Lease Certain Minerals 53.062
Lease of Minerals Separately and Together 53.063
Forms 53.064
Prerequisites for Effectiveness of Lease 53.065
Payments Under Lease 53.066
Damages to Surface 53.067
Payment Procedure 53.068
Production Report and Records 53.069
Forfeiture of Lease 53.070
Reinstatement of Lease 53.071
Lien 53.072
Effect of Certain Laws 53.073
Certain Minerals and Laws Exempt from Subchapter 53.074
Authority and Duties of Agent 53.075
Assignment and Transfer 53.076
Lease Relinquishment 53.077
In Kind Royalty 53.078
Penalty and Interest 53.079
Contracts and Agreements 53.080
Audit Information Confidential 53.081
Lease by Owner of the Soil 53.111
Authority to Operate an Area as a Unit for Production of Sulphur 53.112
Approval of Certain Agreements by School Land Board 53.113
Approval of Agreements 53.114
Commissioner’s Approval 53.115
Provisions of Agreement 53.116
Application to University Land 53.117
Construction of Subchapter 53.118
Ratifications and Other Agreements 53.151
Lease of Certain Areas 53.152
Laws Applicable to Leases 53.153
Conditions of Lease 53.154
Royalty Rate 53.155
Compensation for Damages from Use of Surface 53.156
Contracts and Agreements 53.161
Definitions 53.162
Permit Required for Exploration 53.163
Laws Applicable to Permits 53.1631
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Accessed:
Jun. 5, 2024

§ 53.115’s source at texas​.gov