Tex. Nat. Res. Code § 52.088

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 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.

Amended by Acts 1993, 73rd Leg., ch. 897, Sec. 29, eff. 9/1/1993.

Acts 1977, 65th Leg., p. 2452, ch. 871, art. I, Sec. 1, eff. 9/1/1977.