Texas § ED.66.71 - LEASE PROVISIONS
Full text of Texas The Texas Constitution § ED.66.71 — LEASE PROVISIONS, with citation guidance and answers to common questions.
§ ED.66.71. LEASE PROVISIONS
LEASE PROVISIONS. (a) An oil and gas lease issued by the board shall provide for payment of a delay rental. During the primary term of the lease, the lease shall terminate on the anniversary date of the lease unless: (1) oil or gas is being produced in paying quantities from the leased premises; (2) drilling operations are being conducted on the leased premises; or (3) the lessee pays timely in the manner provided in the lease the amount of delay rental stated in the lease. (b) If oil or gas is discovered in paying quantities on any tract covered by a lease, the lease as to that tract shall remain in force as long as oil and gas is produced in paying quantities from the tract, provided that the other provisions of this subchapter are complied with by the lessee. (c) An oil and gas lease issued by the board shall provide that royalty may be taken in kind at any time and from time to time at the discretion of the board in the manner provided in this subchapter. Amended by Acts 1997, 75th Leg., ch. 1324, Sec. 1, eff. Jan. 1, 1998.
Frequently Asked Questions About Texas § ED.66.71
What does The Texas Constitution § ED.66.71 cover?
Section ED.66.71 ("LEASE PROVISIONS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § ED.66.71?
A common citation format is "The Texas Constitution § ED.66.71" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § ED.66.71 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.