101.016 – PERMISSIBLE PROVISIONS. (a) An agreement
Texas Natural Resources Code § 101.016
Summary
This law allows agreements related to the location and spacing of input wells and lease extensions for land in a unit, provided drilling or production activities are ongoing. It ensures that operators remain obligated to develop the land responsibly.
Allows agreements on well location and lease extensions.
Requires ongoing drilling or production activities.
Operators must still fulfill development obligations.
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In simple terms: Learn about Texas's PERMISSIBLE PROVISIONS. (a) An agreement law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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