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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A lease is subject to forfeiture by act of the commissioner if:
(1) the lessee fails or refuses to pay any amount which is due either as a lease payment or royalty;
(2) the lessee or his authorized agent knowingly makes any false return or false report concerning the lease;
(3) the lessee or his agent refuses the commissioner or his authorized representative access to the records or other data relating to operations under the lease; or
(4) a material term of the lease is violated.
(b) Any area forfeited under this section is subject to application for a permit under the same terms as the original application.
Cite this article: FindLaw.com - Texas Natural Resources Code - NAT RES § 53.021. Forfeiture of Lease - last updated January 01, 2024 | https://codes.findlaw.com/tx/natural-resources-code/nat-res-sect-53-021/
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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