Texas HB5106 amends the Natural Resources Code to require payors to provide payees with specific information when requesting them to sign certain oil.

Texas HB5106 amends the Natural Resources Code by adding new sections 91.409 and 91.410. Section 91.409 applies to payees who are requested by a payor to sign a ratification or division order. It releases the payee from the obligation to sign if the payor fails to provide required information. Section 91.410 mandates that a payor's request to a payee to ratify a lease, pooling agreement, or unit designation, or to sign a division order, must include a statement describing the payee's rights under Section 91.409.

Texas HB5106 amends the Natural Resources Code to require payors to provide payees with specific information when requesting them to sign certain oil.

Texas HB5106 amends the Natural Resources Code by adding new sections 91.409 and 91.410. Section 91.409 applies to payees who are requested by a payor to sign a ratification or division order. It releases the payee from the obligation to sign if the payor fails to provide required information. Section 91.410 mandates that a payor's request to a payee to ratify a lease, pooling agreement, or unit designation, or to sign a division order, must include a statement describing the payee's rights under Section 91.409.