State of Texas – Fiscal Management

Manual of Accounts

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Revenue Object 3395 – Texas Experimental Research and Recovery Activity (TERRA) Wellbore Acceptance Payments from Mineral Interest Owners
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Repealed

This revenue object is inactive. Please see the notes section for further information regarding the inactive status. Recently inactivated objects may remain active in USAS for a period of time to complete outstanding transactions or for other accounting purposes.

Legal Citations:
Revenue Type: Cash — Natural Resources
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Revised Date: 2014-03-07

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Created September 1, 1995 by H.B. 2731, 74th Leg., R.S. under Natural Resources Code sec. 93.013(a)(8). TERRA established to acquire and hold an inventory of mechanically sound, nonpolluting wellbores. Railroad Commission may accept an inactive wellbore used in connection with exploration for or production of hydrocarbons into TERRA. Mineral interest owner must pay an amount, depending on age and condition of the wellbore, up to 75% of commission's estimated costs of plugging the wellbore. Abolished by S.B. 310, 77th Leg., R.S.

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