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AN ACT
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relating to the terms of dissolution of an oil or gas pooled unit. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 102.082, Natural Resources Code, is |
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amended to read as follows: |
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Sec. 102.082. AUTOMATIC DISSOLUTION. A unit is |
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automatically dissolved: |
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(1) two years [one year] after its effective date if no |
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production or drilling operations have been had on the unit or |
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surface location for the unit; |
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(2) six months after the completion of a dry hole on |
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the unit; or |
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(3) six months after cessation of production from the |
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unit. |
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SECTION 2. This Act takes effect September 1, 2019. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 3226 was passed by the House on April |
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9, 2019, by the following vote: Yeas 146, Nays 0, 1 present, not |
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voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 3226 was passed by the Senate on May |
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3, 2019, by the following vote: Yeas 31, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: _____________________ |
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_____________________ |
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Governor |