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HB 408, 64th Regular Session
Stating the powers and authority of the Railroad Commission of Texas relating to unitization; for conservation of oil and gas and protection of correlative rights; definition of terms; providing for an application and its contents for approval of a plan of unitization; the matters to be found by the commission and the nature of its orders; permissive provisions in plan of unitization and provisions not to be considered fair and reasonable; approval of plan of unitization by working interest owners and royalty interest owners and effective date of commission order; procedure and notice; appeals; liability for unit expense and liens to secure payments to and by unit operator and by working interest owners to royalty interest owners; the effect of unitized operations upon property rights, leases, contracts and title to property, allocation and distribution of unit production, delivery and separate sale of unit production, sale of unit production not taken in kind, title disputes, no effect upon lease obligations and applicability to lands of the State of Texas and its political subdivisions; enlargement of unit area and creation of new units; amendment of plan of unitization and commission orders and the continuing power of the commission to review and approve unitized operations covering a unit area previously established; severability of provisions; a provision that agreements are not in restraint of trade; Act supplemental to other laws relating to unitization.

Last action: Referred to Committee on Energy Resources

Author: Dave Finney

Companion:

SB 30 (Identical)

Subjects:
Oil & Gas
RAILROAD COMMISSION
State Agencies, Boards & Commissions

House Committee: Energy Resources ()

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