Under the provisions of this subchapter, the board may lease to any person for the production of oil and natural gas:

1. (1) islands, saltwater lakes, bays, inlets, marshes, and reefs owned by the state within tidewater limits;
2. (2) the portion of the Gulf of Mexico within the jurisdiction of the state;
3. (3) all unsold surveyed and unsurveyed public school land; and
4. (4) all land sold with a reservation of minerals to the state under Section 51.054 or 51.086 of this code in which the state has retained leasing rights.

Acts 1977, 65th Leg., p. 2445, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.

Amended by Acts 1983, 68th Leg., p. 5245, ch. 965, Sec. 6, eff. June 19, 1983;

Acts 2003, 78th Leg., ch. 1276, Sec. 13.002(b), eff. Sept. 1, 2003.