Sec. 102.082. AUTOMATIC DISSOLUTION

Latest version.

A unit is automatically dissolved:
(1) one year after its effective date if no production or drilling operations have been had on the unit;
(2) six months after the completion of a dry hole on the unit; or
(3) six months after cessation of production from the unit.

Acts 1977, 65th Leg., p. 2574, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.

                    
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