Tex. Nat. Res. Code § 52.022

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

Section 52.022 - Royalty Rate

The board shall set the royalty rate on production of oil and gas from land 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.

Amended by Acts 1993, 73rd Leg., ch. 897, Sec. 20, eff. 9/1/1993.

Acts 1977, 65th Leg., p. 2446, ch. 871, art. I, Sec. 1, eff. 9/1/1977.