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Oil And Gas Majority Rights Protection Act.pdf

Oil-and-Gas-Majority-Rights-Protection-Act1.pdf
Preview of Oil and Gas Majority Rights Protection Act
🔗 Source: energyandthelaw.com
📊 Size: 134 KB
📄 Pages: 34 pages
⬇️ Downloads: 82

Summary

This bill proposes an act relating to unit operations for oil, gas, or oil and gas production or carbon dioxide storage in Texas. It amends the Natural Resources Code by adding Chapter 104, titled "UNITIZATION", which includes definitions, general provisions, and rules for unit operations. The chapter establishes the Oil and Gas Majority Rights Protection Act, outlining the power and authority of the Railroad Commission of Texas to adopt rules, issue orders, and perform acts necessary to carry out the purposes of the chapter. It also determines whether a plan of unitization is fair, reasonable, and equitable for all interests concerned. The bill applies to voluntary cooperative agreements in secondary recovery operations and public land, with certain exceptions.

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Description

This bill proposes an act relating to unit operations for oil, gas, or oil and gas production or carbon dioxide storage in Texas.

Technical Information

  • File Format: PDF
  • File Size: 134 KB
  • Pages: 34
  • Language: EN
  • Total Downloads: 82
  • Last Updated: 4 weeks ago

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This PDF document about Oil and Gas Majority Rights Protection Act provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Oil and Gas Majority Rights Protection Act.

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