Tex. Nat. Res. Code § 102.013

REQUIRED VOLUNTARY POOLING OFFER

Known as the Mineral Interest Pooling Act

The act spans §§ 102–102 (20 sections).

Applied in 4 court decisions — leading case RAILROAD COM'N v. Pend Oreille Oil & Gas Co., Inc. (1991)

Most recently applied in RAILROAD COM'N v. Pend Oreille Oil & Gas Co., Inc. (September 1991)

Acts 1977, 65th Leg., p. 2572, ch. 871, art

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(a) The applicant shall set forth in detail the nature of voluntary pooling offers made to the owners of the other interests in the proposed unit.

(b) The commission shall dismiss the application if it finds that a fair and reasonable offer to pool voluntarily has not been made by the applicant.

(c) An offer by an owner of a royalty or any other interest in oil or gas within an existing proration unit to share on the same yardstick basis as the other owners within the existing proration unit are then sharing shall be considered a fair and reasonable offer.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.