Texas § 67.006 RIGHTS OF PURCHASERS.

Texas Statutes

§ 67.006 — RIGHTS OF PURCHASERS.

Texas § 67.006

Code PRProperty Code

This text of Texas § 67.006 (RIGHTS OF PURCHASERS.) 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. Property Code Code Ann. § 67.006 (2026).

Text

Sec. 67.006. RIGHTS OF PURCHASERS.

(a)Except as provided by Subsection (b), a purchaser takes free of any oil and gas lien otherwise applicable to the oil or gas purchased if the purchaser:

(1)is a buyer in the ordinary course of the first purchaser's business under Chapter 9 , Business & Commerce Code; or

(2)has paid all of the consideration due to the first purchaser, including by exchange of oil or gas, net-out, or set-off, under all applicable enforceable contracts in existence at the time of the payment.

(b)The oil and gas lien continues uninterrupted in the proceeds paid to or otherwise due the first purchaser.

(c)Except as provided by this section, an oil and gas lien has priority over the rights of any purchaser.

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Sec. 67.006. RIGHTS OF PURCHASERS. (a) Except as provided by Subsection (b), a purchaser takes free of any oil and gas lien otherwise applicable to the oil or gas purchased if the purchaser:
(1) is a buyer in the ordinary course of the first purchaser's business under Chapter 9 , Business & Commerce Code; or
(2) has paid all of the consideration due to the first purchaser, including by exchange of oil or gas, net-out, or set-off, under all applicable enforceable contracts in existence at the time of the payment.
(b) The oil and gas lien continues uninterrupted in the proceeds paid to or otherwise due the first purchaser.
(c) Except as provided by this section, an oil and gas lien has priority over the rights of any purchaser.