HB 5103

relating to the abandonment of mineral proceeds for purposes of
certain unclaimed property laws.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1.  Sections 75.001(a)(1) and (2), Property Code,
are amended to read as follows:
(1)  "Mineral" means oil, gas, uranium, sulphur,
lignite, coal, lithium, salt, bromine, and any other substance that
is ordinarily and naturally considered a mineral in this state,
(A)  the depth at which the oil, gas, uranium,
sulphur, lignite, coal, lithium, salt, bromine, or other substance
(B)  whether the oil, gas, uranium, sulphur,
lignite, coal, lithium, salt, bromine, or other substance is found
within a liquid, gas, or solid that is ordinarily and naturally
considered a nonmineral in this state.
(2)  "Mineral proceeds" includes:
(A)  all obligations to pay resulting from the
production and sale of all minerals produced, including net revenue
interests, royalties, overriding royalties, production payments,
and joint operating agreements; and
(B)  all obligations for the acquisition and
retention of a mineral lease, including bonuses, delay rentals,
shut-in royalties, and minimum royalties.
SECTION 2.  This Act takes effect September 1, 2025.