Tex. Codes » Natural Resources Code · TITLE 3. OIL AND GAS · SUBTITLE B. CONSERVATION AND REGULATION OF OIL AND GAS · CHAPTER 91. PROVISIONS GENERALLY APPLICABLE
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Tex. Nat. Res. Code § 91.403 (2026)

Payment Of Interest On Late Payments

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Sec. 91.403. PAYMENT OF INTEREST ON LATE PAYMENTS. (a) If payment has not been made for any reason in the time limits specified in Section 91.402 of this code, the payor must pay interest to a payee beginning at the expiration of those time limits at two percentage points above the percentage rate charged on loans to depository institutions by the New York Federal Reserve Bank, unless a different rate of interest is specified in a written agreement between payor and payee.

(b) Subsection (a) of this section does not apply where payments are withheld or suspended by a payor beyond the time limits specified in Section 91.402 of this code because of the conditions enumerated in Section 91.402 of this code.

(c) The payor's obligation to pay interest and the payee's right to receive interest under Subsection (a) of this section terminate on delivery of the proceeds and accumulated interest to the comptroller as provided by Title 6, Property Code.

Added by Acts 1983, 68th Leg., p. 966, ch. 228, Sec. 1, eff. Sept. 1, 1983. Amended by Acts 1985, 69th Leg., ch. 230, Sec. 18, eff. Sept. 1, 1985; Acts 1991, 72nd Leg., ch. 650, Sec. 3, eff. Aug. 26, 1991; Acts 1991, 72nd Leg., ch. 676, Sec. 1, eff. Sept. 1, 1991; Acts 1997, 75th Leg., ch. 1037, Sec. 39, eff. Sept. 1, 1997; Acts 1997, 75th Leg., ch. 1423, Sec. 14.15, eff. Sept. 1, 1997.

Notes of Decisions
Cited in 23 cases (4 in the last 5 years), 1987–2023 · leading case: Concord Oil Co. v. Pennzoil Expl. & Prod. Co., 966 S.W.2d 451 (Tex. 1998).
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Concord Oil Co. v. Pennzoil Expl. & Prod. Co., 966 S.W.2d 451 (Tex. 1998). · cites it 6× “TEX. NAT. RES.CODE § 91.403(b). There is no doubt that a dispute concerning title exists in this case.”
ConocoPhillips Co. v. Koopmann, 547 S.W.3d 858 (Tex. 2018). “See TEX. NAT. RES. CODE § 91.403 (providing for interest on late royalty payments).”
Edwin M. Jones Oil Co. v. Pend Oreille Oil & Gas Co., 794 S.W.2d 442 (Tex. App.—Corpus Christi 1990). · cites it 4× “Tex.Nat.Res. Code Ann.§ 91.403(b)(1) (Vernon Supp.”
Koch Oil Co. v. Wilber, 895 S.W.2d 854 (Tex. App.—Beaumont 1995). · cites it 2× “Tex.Nat.Res.Code Ann. § 91.403(a) (Vernon 1993) provides for an assessment of prejudgment interest against payors who wrongfully withhold funds.”
Prize Energy Resources, L.P. v. Cliff Hoskins, Inc., 345 S.W.3d 537 (Tex. App.—San Antonio 2011). “See Tex. Nat. Res. Code Ann. § 91.403 (a). In addition, the record of the bench trial clearly shows that BP’s and Hoskins’ right to recover their share of the proceeds under the TNRC *560 was a contested issue tried before the court.”
Samson Expl., LLC v. T. S. Reed Props., Inc., 521 S.W.3d 26 (Tex. App.—Beaumont 2015). · cites it 3× “Tex. Nat. Res.Code Ann. § 91.403 (West 2011).”
Stable Energy, L.P. v. Newberry, 999 S.W.2d 538 (Tex. App.—Austin 1999). “See Tex. Nat. Res.Code Ann. § 91.403(a) (West 1993).”
Headington Oil Co., LP v. White, 287 S.W.3d 204 (Tex. App.—Houston [14th Dist.] 2009). “Tex. Nat. Res.Code Ann. § 91.403 (Vernon 2001).”
Valence Operating Co. v. Anadarko Petroleum Corp., 303 S.W.3d 435 (Tex. App.—Texarkana 2010). “See Tex. Nat. Res.Code Ann. § 91.403(b). This action is for breach of contract.”
Bright & Co. v. Holbein Fam. Mineral Trust, 995 S.W.2d 742 (Tex. App.—San Antonio 1999). “See Tex. Nat. Res.Code Ann. § 91.403(a) (Vernon 1993).”
Michael I. Leavitt v. Ballard Expl. Co., 540 S.W.3d 164 (Tex. App.—Houston [1st Dist.] 2017). “See TEX. NAT. RES. CODE ANN. § 91.403(b) (“Subsection (a) of this section does not apply where payments are withheld or suspended by a payor beyond the time limits specified in Section 91.”
MCZ, Inc. v. Andrus Resources, Inc. (In re MCZ, Inc.), 82 B.R. 40 (Bankr. S.D. Tex. 1987). “Debtor alleges that it does not have to pay interest to Defendants pursu *43 ant to Texas Natural Resources Code, Section 91.”
Show all 23 citing cases →
Tex. Nat. Res. Code § 91.403(a): 7 cases
Koch Oil Co. v. Wilber, 895 S.W.2d 854 (Tex. App.—Beaumont 1995). “Tex.Nat.Res.Code Ann. § 91.403(a) (Vernon 1993) provides for an assessment of prejudgment interest against payors who wrongfully withhold funds.”
Stable Energy, L.P. v. Newberry, 999 S.W.2d 538 (Tex. App.—Austin 1999). “See Tex. Nat. Res.Code Ann. § 91.403(a) (West 1993).”
Bright & Co. v. Holbein Fam. Mineral Trust, 995 S.W.2d 742 (Tex. App.—San Antonio 1999). “See Tex. Nat. Res.Code Ann. § 91.403(a) (Vernon 1993).”
Samson Expl., LLC v. T. S. Reed Props., Inc., 521 S.W.3d 26 (Tex. App.—Beaumont 2015). “Tex. Nat. Res.Code Ann. § 91.403 (West 2011).”
Petty Bus. Enter., L.P. v. Chesapeake Expl., L.L.C., No. 20-03433 (Bankr. S.D. Tex. Sept. 14, 2021).
Tex. Nat. Res. Code § 91.403(b): 6 cases
Concord Oil Co. v. Pennzoil Expl. & Prod. Co., 966 S.W.2d 451 (Tex. 1998). “TEX. NAT. RES.CODE § 91.403(b). There is no doubt that a dispute concerning title exists in this case.”
Valence Operating Co. v. Anadarko Petroleum Corp., 303 S.W.3d 435 (Tex. App.—Texarkana 2010). “See Tex. Nat. Res.Code Ann. § 91.403(b). This action is for breach of contract.”
Michael I. Leavitt v. Ballard Expl. Co., 540 S.W.3d 164 (Tex. App.—Houston [1st Dist.] 2017). “See TEX. NAT. RES. CODE ANN. § 91.403(b) (“Subsection (a) of this section does not apply where payments are withheld or suspended by a payor beyond the time limits specified in Section 91.”
MCZ, Inc. v. Andrus Resources, Inc. (In re MCZ, Inc.), 82 B.R. 40 (Bankr. S.D. Tex. 1987). “Debtor alleges that it does not have to pay interest to Defendants pursu *43 ant to Texas Natural Resources Code, Section 91.”
Bomar Oil & Gas, Inc. v. D. Mark Loyd, No. 10-08-00016-CV, 2009 Tex. App. LEXIS 5505 (Tex. App.—Waco July 15, 2009).
Tex. Nat. Res. Code § 91.403(b)(1): 1 case
Edwin M. Jones Oil Co. v. Pend Oreille Oil & Gas Co., 794 S.W.2d 442 (Tex. App.—Corpus Christi 1990). “Tex.Nat.Res. Code Ann.§ 91.403(b)(1) (Vernon Supp.”
Tex. Nat. Res. Code § 91.403(b)(2): 1 case
Concord Oil Co. v. Pennzoil Expl. & Prod. Co., 966 S.W.2d 451 (Tex. 1998). “TEX. NAT. RES.CODE § 91.403(b). There is no doubt that a dispute concerning title exists in this case.”
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