Texas Administrative Code
Title 31 - NATURAL RESOURCES AND CONSERVATION
Part 1 - GENERAL LAND OFFICE
Chapter 9 - EXPLORATION AND LEASING OF STATE OIL AND GAS
Subchapter C - MAINTAINING A STATE OIL AND GAS LEASE
Section 9.33 - Delay Rental Payments
Current through Reg. 49, No. 38; September 20, 2024
(a) Effect of payment/non-payment of delay rentals. When delay rentals are properly paid on or before a lease anniversary date, lessee shall retain the rights granted under the lease and may postpone the commencement of drilling operations or production of oil or gas for a period of one year from such anniversary date. During the primary term, a lease shall terminate automatically on a lease anniversary date unless lessee either properly pays delay rentals or maintains the lease in force and effect under other lease provisions.
(b) Full payment of delay rental. Each lease specifically sets the amount of the delay rental. The delay rental payment is indivisible and may not be reduced for any reason unless a lease, or a pooling agreement covering a lease, expressly allows its proportionate reduction. If a lease has several working interest owners and any of such owners fails to pay timely its share of the full delay rental amount set in the lease, then the entire lease will terminate. The full delay rental amount must be timely paid to all proper delay rental payees to maintain the lease.
(c) Timeliness of delay rental payment to the state.
(d) No ratification or revivor. If a lessee fails to pay or improperly pays delay rentals, no action by any delay rental payee, including the state or an owner of the soil on Relinquishment Act property, may ratify, re-grant or revive the terminated lease or may estop the state from asserting lease termination.