Sec. 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.
Acts 1977, 65th Leg., p. 2446, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977. Amended by Acts 1993, 73rd Leg., ch. 897, Sec. 20, eff. Sept. 1, 1993.
Structure Texas Statutes
Subtitle D - Disposition of the Public Domain
Subchapter B. Lease of Public School and Gulf Land
Section 52.011. Area Subject to Lease
Section 52.012. Conditions for Lease
Section 52.013. Determination of Lease Price and Delay Rentals
Section 52.014. Date for Lease and Notice
Section 52.017. Keeping and Opening Bids
Section 52.018. Void Application
Section 52.020. Return of Payments on Rejected Applications
Section 52.023. Lease Provisions for Drilling and Reworking
Section 52.024. Lease Provisions for Shut-in Oil or Gas Royalty and Compensatory Royalty
Section 52.026. Lease Transfer
Section 52.027. Lease Relinquishment
Section 52.028. Suspension of Lease Because of Litigation
Section 52.029. Forfeiture of Rights
Section 52.030. Refund of Lease Money in Certain Situations
Section 52.0301. Suspension of Terms of Lease in Certain Situations
Section 52.031. Extension of Lease by Commissioner
Section 52.032. Regulation of Development and Operations