Leasing and PoolingState of Texas

Oil and Gas Rights

www.glo.texas.gov

$12.3 Billion to theTexas Permanent School Fund

Relinquishment Act1895-1931

Surface Owner Acts as Agent

1/6 – 1/8Free Royalty

Section II B: Preferentially Leasing to Adjacent Mineral Owners

Pooling Approval

Force PoolingRiverbeds