Sec. 53.018. ROYALTY. The royalty under the lease shall not be less than one-sixteenth of the value of the minerals produced under the lease.
Acts 1977, 65th Leg., p. 2470, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.
Structure Texas Statutes
Subtitle D - Disposition of the Public Domain
Subchapter B. Prospect and Lease on State Land
Section 53.011. Land Subject to Prospect
Section 53.012. Application for Right to Prospect
Section 53.013. Conditions of Permit
Section 53.015. Application for Lease
Section 53.016. Issuance of Lease
Section 53.020. Assignment and Transfer
Section 53.021. Forfeiture of Lease
Section 53.023. Immediate Lease
Section 53.024. Penalty and Interest
Section 53.025. Lease Relinquishment
Section 53.026. In Kind Royalty