Tex. Nat. Res. Code § 32.1072

MINIMUM ROYALTY, BONUS, AND RENTAL

Added by Acts 1985, 69th Leg., ch. 624, Sec. 22, eff

The board may not accept a bid on an oil and gas lease that offers:

(1) a royalty of less than one-eighth of the gross production of oil and gas; or

(2) a cash bonus of less than $10 an acre.

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