Sec. 52.175. LEASE OF OIL AND GAS AFTER FORFEITURE. When the relinquishment or agency right herein granted has been forfeited, the land shall be subject to lease for oil and gas under the procedure provided by law for the leasing of unsold surveyed public school lands. The substantive provisions of Subchapter B of this chapter and Subchapters D and E, Chapter 32, of this code shall apply to the oil and gas lease. No oil and gas lease shall be executed which provides for a royalty of less than one-eighth, payable to the state for the benefit of the permanent free school fund. The owner of the soil shall not be entitled to any revenue generated by a lease executed pursuant to this section. Upon the termination or expiration of a lease so executed by the Commissioner of the General Land Office, the rights of the surface owner to act under this law shall be ipso facto reinstated.
Acts 1977, 65th Leg., p. 2459, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977. Amended by Acts 1987, 70th Leg., ch. 912, Sec. 1, eff. Aug. 31, 1987; Acts 1993, 73rd Leg., ch. 897, Sec. 36, eff. Sept. 1, 1993.
Structure Texas Statutes
Subtitle D - Disposition of the Public Domain
Section 52.171. School and Asylum Lands
Section 52.172. Sale and Lease by Agent
Section 52.174. Failure to Drill Offset
Section 52.175. Lease of Oil and Gas After Forfeiture
Section 52.176. Forfeiture of Rights
Section 52.177. Rights of Subsequent Purchaser
Section 52.178. Operation Under Permit
Section 52.179. Lease Under Permit
Section 52.180. Payments Under Permit
Section 52.181. Relinquishment Under Permit
Section 52.182. Damages to Soil
Section 52.183. Effective Date of Lease
Section 52.184. Statement of Consideration
Section 52.185. University Land
Section 52.186. Lease of Certain Minerals When Owner of the Soil Unavailable
Section 52.188. Assignments to the Owner of the Soil