Sec. 1160.052. LEASE APPLICATION. (a) The guardian of the estate shall file with the court a written application for authority to lease estate property for mineral exploration and development, with or without a pooling provision or unitization clause.
(b) The lease application must:
(1) describe the property fully enough by reference to the amount of acreage, the survey name or number, or the abstract number, or by another method that adequately identifies the property and the property's location in the county in which the property is located;
(2) specify the interest thought to be owned by the estate, if less than the whole, but request authority to include all of the interest owned by the estate if that is the intention; and
(3) set out the reasons the estate property described in the application should be leased.
(c) The lease application is not required to set out or suggest:
(1) the name of any proposed lessee; or
(2) the terms, provisions, or form of any desired lease.
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