Bill Text: TX HB3226 | 2019-2020 | 86th Legislature | Introduced

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Bill Title: Relating to the terms of dissolution of an oil or gas pooled unit.

Spectrum: Partisan Bill (Republican 3-0)

Status: (Passed) 2019-05-17 - Effective on 9/1/19 [HB3226 Detail]

Download: Texas-2019-HB3226-Introduced.html

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86R17083 TYPED
By: Geren H.B. No. 3226

A BILL TO BE ENTITLED
AN ACT
relating to the terms of dissolution of an oil or gas pooled unit.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. 102.082 (1), Natural Resources Code, is amended
to read as follows:
A unit is automatically dissolved:
(1) one two years after its effective date if no production
or drilling operations have been had on the unit or
surface location for the unit;
SECTION 2. This Act takes effect September 1, 2019.