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MS HB169

Bill

Status

Failed

2/5/2013

Primary Sponsor

Randy Boyd

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Mineral estates separated from surface estates revert to the surface estate owner after twenty years of nonproduction or no bona fide drilling attempt.

  • The twenty-year nonproduction period can run continuously or be interrupted; it restarts the day after the last actual production or drilling operations cease.

  • For mineral estates with shut-in rental payments, the twenty-year period restarts at the end of the rental payment period if no production occurs.

  • Mineral interests already separated as of July 1, 2013, immediately revert to the current surface owner if twenty years of nonproduction has already occurred.

  • Oil and gas are not considered in production if wells are not located within the correct governmental sections (quarter-quarter for oil, one-half section for gas) where the mineral interest lies.

Legislative Description

Mineral interests; revert to surface owner after certain period of time.

Last Action

Died In Committee

2/5/2013

Committee Referrals

Judiciary A1/14/2013

Full Bill Text

No bill text available