Texas § 102.015 PROHIBITED PROVISIONS IN OPERATING AGREEMENT.

Texas Statutes

§ 102.015 — PROHIBITED PROVISIONS IN OPERATING AGREEMENT.

Texas § 102.015

Code NRNatural Resources Code

This text of Texas § 102.015 (PROHIBITED PROVISIONS IN OPERATING AGREEMENT.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Natural Resources Code Code Ann. § 102.015 (2026).

Text

Sec. 102.015. PROHIBITED PROVISIONS IN OPERATING AGREEMENT. A pooling agreement, offer to pool, or pooling order is not considered fair and reasonable if it provides for an operating agreement containing any of the following provisions:

(1)preferential right of the operator to purchase mineral interests in the unit;

(2)a call on or option to purchase production from the unit;

(3)operating charges that include any part of district or central office expense other than reasonable overhead charges; or

(4)prohibition against nonoperators questioning the operation of the unit.

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Sec. 102.015. PROHIBITED PROVISIONS IN OPERATING AGREEMENT. A pooling agreement, offer to pool, or pooling order is not considered fair and reasonable if it provides for an operating agreement containing any of the following provisions:
(1) preferential right of the operator to purchase mineral interests in the unit;
(2) a call on or option to purchase production from the unit;
(3) operating charges that include any part of district or central office expense other than reasonable overhead charges; or
(4) prohibition against nonoperators questioning the operation of the unit.