Sec. 1160.051. AUTHORIZATION FOR LEASING OF MINERALS. (a) The court in which a guardianship proceeding is pending may authorize the guardian, acting solely under a court order, to make, execute, and deliver a lease, with or without a unitization clause or pooling provision, providing for the exploration for and development and production of oil, other liquid hydrocarbons, gas, metals and other solid minerals, and other minerals, or any of those minerals in place, belonging to the estate.
(b) A lease authorized by Subsection (a) must be made and entered into under and in conformity with this subchapter.
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.
Structure Texas Statutes
Title 3 - Guardianship and Related Procedures
Subtitle E - Administration of Guardianship
Chapter 1160 - Matters Relating to Mineral Properties
Subchapter B. Mineral Leases After Public Notice
Section 1160.051. Authorization for Leasing of Minerals
Section 1160.052. Lease Application
Section 1160.053. Scheduling of Hearing on Application; Continuance
Section 1160.054. Notice of Hearing on Application
Section 1160.055. Requirements Regarding Order and Notice Mandatory
Section 1160.056. Hearing on Application; Order
Section 1160.057. Making of Lease on Granting of Application