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MS HB169
Bill
Status
2/5/2013
Primary Sponsor
Randy Boyd
Click for details
AI Summary
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Mineral estates separated from surface estates revert to the surface estate owner after twenty years of nonproduction or no bona fide drilling attempt.
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The twenty-year nonproduction period can run continuously or be interrupted; it restarts the day after the last actual production or drilling operations cease.
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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.
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Mineral interests already separated as of July 1, 2013, immediately revert to the current surface owner if twenty years of nonproduction has already occurred.
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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