86R17083 TYPED

By: Geren H.B. No. 3226

A BILL TO BE ENTITLED

AN ACT

relating to the terms of dissolution of an oil or gas pooled unit.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. 102.082 (1), Natural Resources Code, is amended to read as follows:

A unit is automatically dissolved:

(1) one two years after its effective date if no production or drilling operations have been had on the unit or surface location for the unit;

SECTION 2. This Act takes effect September 1, 2019.