Sec. 52.076. DUTY TO ADVERTISE. (a) The board may:
(1) advertise for bids to lease riverbeds and channels for oil and gas development;
(2) advertise for bids to contract to develop the oil or gas under riverbeds and channels on consideration involving compensation with oil and gas or money so that the state will receive a portion of the oil and gas as it is produced or advanced royalties paid in money;
(3) advertise for bids to purchase oil and gas in place under riverbeds and channels without requiring mineral development; and
(4) pool or bring an action to force pool unleased riverbeds and channels.
(b) The board shall advertise that the board will receive bids and award the right to lease, develop, or purchase under this section in the same manner as provided in Subchapter D, Chapter 32, of this code and Subchapter B of this chapter.
Acts 1977, 65th Leg., p. 2450, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977. Amended by Acts 1985, 69th Leg., ch. 923, Sec. 16, eff. Aug. 26, 1985; Acts 1993, 73rd Leg., ch. 897, Sec. 26, eff. Sept. 1, 1993.
Structure Texas Statutes
Subtitle D - Disposition of the Public Domain
Subchapter C. Development of Riverbeds and Channels
Section 52.071. Authority Over Riverbeds and Channels
Section 52.073. Area Subject to Lease
Section 52.076. Duty to Advertise
Section 52.080. Forms for Lease and Contract
Section 52.083. Conditions of Lease
Section 52.084. Special Lease Provisions
Section 52.085. Prevention of Pollution
Section 52.087. Determination of Lease Price and Delay Rentals
Section 52.090. Extension of Lease
Section 52.091. Refund of Lease Money in Certain Situations
Section 52.092. Power of Eminent Domain
Section 52.093. Eminent Domain Purposes
Section 52.094. Drilling Offset Well on Condemned Land
Section 52.095. Rights of Parties to Condemnation