Texas Statutes (Last Updated: January 4, 2014) |
ESTATES CODE |
Title 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEY |
Subtitle H. CONTINUATION OF ADMINISTRATION |
Chapter 358. MATTERS RELATING TO MINERAL PROPERTIES |
Subchapter B. MINERAL LEASES AFTER PUBLIC NOTICE |
Sec. 358.060. AMENDMENT OF LEASE REGARDING EFFECT OF SHUT-IN GAS WELL
Latest version.
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(a) An oil, gas, and mineral lease executed by a personal representative under the former Texas Probate Code or this code may be amended by an instrument that provides that a shut-in gas well on the land covered by the lease or on land pooled with all or part of the land covered by the lease continues the lease in effect after the lease's five-year primary term.
(b) The personal representative, with the approval of the court, shall execute the instrument according to the terms and conditions prescribed by the instrument.
Added by Acts 2009, 81st Leg., R.S., Ch. 680 , Sec. 1, eff. January 1, 2014.