Tex. Nat. Res. Code § 32.151

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 32.151 - Term of Lease

Each oil and gas lease shall be for a primary term not to exceed 10 years and for as long thereafter as oil or gas is produced in paying quantities.

Tex. Nat. Res. Code § 32.151

Amended by Acts 1993, 73rd Leg., ch. 897, Sec. 14, eff. 9/1/1993.

Added by Acts 1985, 69th Leg., ch. 624, Sec. 24, eff. 9/1/1985.