MS SB2710

Levies an annual assessment equal to 10% of property taxes on nonproducing mineral estates owned by someone other than the surface landowner

Mineral estates revert to the State of Mississippi if the assessment remains unpaid for 3 years; original owners have 6 months to redeem by paying delinquent assessments, interest, fees, and costs

Surface landowners may redeem nonproducing mineral estates after the original mineral owner's 6-month redemption period expires, following a notice and filing process with the chancery clerk

Mineral estates separated from surface estates after July 1, 2015 automatically revert to the surface owner after 10 years of nonproduction (no drilling operations or actual mineral production)

Mineral estate owners have an exclusive 180-day option period before reversion to renegotiate their agreement; surface owners cannot sell, lease, or transfer reverted mineral rights for one year except to the previous mineral estate owner