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Current as of January 01, 2024 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Texas Natural Resources Code - NAT RES § 102.013. Required Voluntary Pooling Offer - last updated January 01, 2024 | https://codes.findlaw.com/tx/natural-resources-code/nat-res-sect-102-013/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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