88(R) HB 1336 - Introduced version - Bill Text
|   |
|   |
|
 
|
A BILL TO BE ENTITLED
|
|
 
|
AN ACT
|
|
 
|
relating to the ownership by a landowner of the geothermal energy |
|
 
|
and associated resources below the surface of the landowner's land. |
|
 
|
             BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
 
|
             SECTION  1.    Subchapter A, Chapter 141, Natural Resources |
|
 
|
Code, is amended by adding Section 141.004 to read as follows: |
|
 
|
             Sec.  141.004.    OWNERSHIP OF GEOTHERMAL ENERGY AND ASSOCIATED |
|
 
|
RESOURCES. A landowner owns the geothermal energy and associated |
|
 
|
resources below the surface of the landowner's land as real |
|
 
|
property.  Subject to the provisions of this chapter, the property |
|
 
|
rights described by this section entitle the landowner and the |
|
 
|
landowner's lessee, heir, or assign to drill for and produce the |
|
 
|
geothermal energy and associated resources below the surface of the |
|
 
|
landowner's land.   |
|
 
|
             SECTION  2.    This Act takes effect immediately if it receives |
|
 
|
a vote of two-thirds of all the members elected to each house, as |
|
 
|
provided by Section 39, Article III, Texas Constitution.    If this |
|
 
|
Act does not receive the vote necessary for immediate effect, this |
|
 
|
Act takes effect September 1, 2023. |