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Current as of January 01, 2024 | Updated by Findlaw Staff
A person may bring a cause of action for a bad faith washout of the person's overriding royalty interest in an oil and gas lease. The person is entitled to a remedy under this chapter if the person proves by a preponderance of the evidence that:
(1) the person owned or had a legal right to the overriding royalty interest;
(2) the defendant had control over the oil and gas lease burdened by the overriding royalty interest;
(3) the defendant caused a washout of the person's overriding royalty interest; and
(4) the defendant acted in bad faith by knowingly or intentionally causing the washout.
Cite this article: FindLaw.com - Texas Property Code - PROP § 31.002. Cause of Action for Bad Faith Washout - last updated January 01, 2024 | https://codes.findlaw.com/tx/property-code/prop-sect-31-002/
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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