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1 | - | H.B. No. 3226 | |
1 | + | By: Geren, Darby (Senate Sponsor - Birdwell) H.B. No. 3226 | |
2 | + | (In the Senate - Received from the House April 11, 2019; | |
3 | + | April 15, 2019, read first time and referred to Committee on | |
4 | + | Natural Resources & Economic Development; April 25, 2019, reported | |
5 | + | favorably by the following vote: Yeas 10, Nays 0; April 25, 2019, | |
6 | + | sent to printer.) | |
7 | + | Click here to see the committee vote | |
2 | 8 | ||
3 | 9 | ||
10 | + | A BILL TO BE ENTITLED | |
4 | 11 | AN ACT | |
5 | 12 | relating to the terms of dissolution of an oil or gas pooled unit. | |
6 | 13 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
7 | 14 | SECTION 1. Section 102.082, Natural Resources Code, is | |
8 | 15 | amended to read as follows: | |
9 | 16 | Sec. 102.082. AUTOMATIC DISSOLUTION. A unit is | |
10 | 17 | automatically dissolved: | |
11 | 18 | (1) two years [one year] after its effective date if no | |
12 | 19 | production or drilling operations have been had on the unit or | |
13 | 20 | surface location for the unit; | |
14 | 21 | (2) six months after the completion of a dry hole on | |
15 | 22 | the unit; or | |
16 | 23 | (3) six months after cessation of production from the | |
17 | 24 | unit. | |
18 | 25 | SECTION 2. This Act takes effect September 1, 2019. | |
19 | - | ______________________________ ______________________________ | |
20 | - | President of the Senate Speaker of the House | |
21 | - | I certify that H.B. No. 3226 was passed by the House on April | |
22 | - | 9, 2019, by the following vote: Yeas 146, Nays 0, 1 present, not | |
23 | - | voting. | |
24 | - | ______________________________ | |
25 | - | Chief Clerk of the House | |
26 | - | I certify that H.B. No. 3226 was passed by the Senate on May | |
27 | - | 3, 2019, by the following vote: Yeas 31, Nays 0. | |
28 | - | ______________________________ | |
29 | - | Secretary of the Senate | |
30 | - | APPROVED: _____________________ | |
31 | - | Date | |
32 | - | _____________________ | |
33 | - | Governor | |
26 | + | * * * * * |