Sec. 202.053. MARKET VALUE. The market value of oil is the actual market value plus any bonus, premium, or other thing of value paid for the oil or that the oil will reasonably bring if lawfully produced.
Acts 1981, 67th Leg., p. 1737, ch. 389, Sec. 1, eff. Jan. 1, 1982.
Structure Texas Statutes
Chapter 202 - Oil Production Tax
Section 202.0545. Tax Exemption for Enhanced Recovery Projects Using Anthropogenic Carbon Dioxide
Section 202.056. Exemption for Oil and Gas From Wells Previously Inactive
Section 202.057. Tax Credit for Incremental Production Techniques
Section 202.058. Credits for Qualifying Low-Producing Oil Leases
Section 202.059. Exemption for Hydrocarbons From Terra Wells
Section 202.060. Exemption for Oil and Gas From Reactivated Orphaned Wells
Section 202.061. Tax Credit for Enhanced Efficiency Equipment