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MS HB1377

Bill

Status

Failed

2/4/2014

Primary Sponsor

Randy Boyd

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

  • 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.

  • 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.

  • 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.

  • 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.

  • 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

Committee Referrals

Judiciary A1/20/2014

Full Bill Text

No bill text available