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Texas Natural Resources Code - NAT RES § 32.1071. Lease Sales

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The sale of oil, gas, or other mineral leases shall be by sealed bid or at public auction or through a combination of public auction and sealed bid, as the board elects.

(b) Sections 52.015 through 52.020 of this code apply to the sale of leases by sealed bid.

(c) The leases shall be made on terms and conditions that may be prescribed by the board.

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Cite this article: FindLaw.com - Texas Natural Resources Code - NAT RES § 32.1071. Lease Sales - last updated January 01, 2024 | https://codes.findlaw.com/tx/natural-resources-code/nat-res-sect-32-1071/

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