Texas Natural Resources Code 102.083 – Termination of Pooled Lease
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Terms Used In Texas Natural Resources Code 102.083
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
On termination of a lease pooled by order of the commission under authority granted by this chapter, interests covered by the lease are considered pooled as unleased mineral interests.