Tex. Natural Resources Code § 32.1071
This is the official text of Tex. Natural Resources Code § 32.1071, part of Texas’s Natural Resources Code — governs land, minerals, and natural resource management.
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§ 32.1071. LEASE SALES.
Official statutory text
(a) The sale of oil, gas, or other mineral leases shall be by sealed bid or at public auction or through a combination of public auction and sealed bid, as the board elects.
(b) Sections 52.015 through 52.020 of this code apply to the sale of leases by sealed bid.
(c) The leases shall be made on terms and conditions that may be prescribed by the board.
(b) Sections 52.015 through 52.020 of this code apply to the sale of leases by sealed bid.
(c) The leases shall be made on terms and conditions that may be prescribed by the board.
Status: in_force · Read it on the official government site
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