Sec. 52.088. ROYALTY RATE. The board shall set the royalty rate on production of oil and gas from riverbeds and channels 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. 2452, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977. Amended by Acts 1993, 73rd Leg., ch. 897, Sec. 29, 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