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Tex. Natural Resources Code § 32.1071

LEASE SALES

Texas · Texas Natural Resources Code · Status: effective

Property & Real Estate
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Tex. Natural Resources Code § 32.1071, LEASE SALES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/694759
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(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.