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MS HB1377
Bill
Status
2/4/2014
Primary Sponsor
Randy Boyd
Click for details
AI Summary
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Mineral estates separated from the surface estate revert to the surface estate owner after twenty years of nonproduction or no bona fide attempt to drill for minerals.
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The twenty-year nonproduction period may run continuously or be interrupted; production or drilling operations reset the period, which begins again the day after operations cease.
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For mineral estates with shut-in rental payments in lieu of production, the twenty-year period resets at the end of the period covered by the last rental payment if no production occurs.
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Mineral estates already separated as of July 1, 2014, with twenty years of nonproduction immediately revert to the current surface estate owner upon the act's passage.
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Oil and gas are not considered in production if the well is not located in the regular governmental quarter-quarter section (oil) or one-half section (gas) where the severed mineral estate is located.
Legislative Description
Mineral interests; revert to surface owner after certain period of time.
Last Action
Died In Committee
2/4/2014