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TX HB5106
Bill
Status
3/13/2025
Primary Sponsor
Jon Rosenthal
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AI Summary
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Allows payees who are asked to sign a lease ratification, pooling agreement, unit designation, or division order to request a copy of the underlying document from the payor in writing
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Requires payors to respond to document requests within 14 days of receiving the request
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Releases payees from the obligation to sign ratification documents or division orders if the payor fails to respond to the document request within the required timeframe
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Entitles payees to receive payment even without signing a division order if the payor fails to provide requested documents
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Requires payors to include a statement describing payees' rights to request documents whenever asking a payee to ratify a lease, pooling agreement, unit designation, or sign a division order
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Effective date: September 1, 2025
Legislative Description
Relating to the information a payor of the proceeds of production from an oil and gas well is required to provide a payee.
Oil & Gas
Last Action
Left pending in committee
4/14/2025