Calling Dibs! Oil and Gas Security Interests and Texas’ Unique First Purchaser Statute
Producer's Edge
DECEMBER 3, 2024
Oil, gas, and other minerals that have not been extracted from the ground are treated as real property, to which the Texas UCC does not apply. Foremost among these perfection methods is the filing of a “UCC-1” financing statement with the secretary of state. Real property is not subject to the Texas UCC.
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