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The Legislature passed the Cotenancy Modernization and Majority Protection Act, which permitted oil and gas development within a mineral tract owned by seven or more cotenants if the royalty owners vested with at least 75% of the right to develop the minerals.
The Legislature passed the Cotenancy Modernization and Majority Protection Act, which permitted oil and gas development within a mineral tract owned by seven or more cotenants if the royalty owners vested with at least 75% of the right to develop the minerals.