102.015 – PROHIBITED PROVISIONS IN OPERATING AGREEMENT. A
Texas Natural Resources Code § 102.015
Summary
This law outlines specific provisions that are prohibited in operating agreements related to pooling agreements in Texas. It aims to protect mineral interest owners by ensuring fairness in agreements and preventing operators from having undue advantages.
Prohibits preferential purchase rights for operators in agreements.
Bans options to purchase production from the unit.
Limits operating charges to reasonable overhead only.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's PROHIBITED PROVISIONS IN OPERATING AGREEMENT. A law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.