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Current as of January 01, 2024 | Updated by Findlaw Staff
The board shall set the royalty rate on production of oil and gas from riverbeds and channels leased under this subchapter. The royalty rate set must be at least one-eighth of the gross production or the market value of the oil and gas produced.
Cite this article: FindLaw.com - Texas Natural Resources Code - NAT RES § 52.088. Royalty Rate - last updated January 01, 2024 | https://codes.findlaw.com/tx/natural-resources-code/nat-res-sect-52-088/
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