Tex. Natural Resources Code § 53.026
IN KIND ROYALTY
Texas · Texas Natural Resources Code · Status: effective
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- Citation
- Tex. Natural Resources Code § 53.026, IN KIND ROYALTY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/695267
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Full text
(a) The commissioner or the commissioner acting on behalf of and at the direction of the board or a board for lease may negotiate and execute a contract or any other instrument or agreement necessary to dispose of or enhance their portion of the royalty taken in kind, including contracts for sale, purchase, transportation, or storage.
(b) The commissioner or the commissioner acting on behalf of and at the direction of the board or a board for lease may negotiate and execute a contract or any other instrument or agreement necessary to convert that portion of the royalty taken in kind to other forms of energy, other than electricity.
(c) This section shall not be construed to surrender or in any way affect the right of the state under an existing or future lease to receive monetary royalty from its lessee.