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MS HB1252
Bill
Status
1/31/2017
Primary Sponsor
Michael Evans
Click for details
AI Summary
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Mineral estates separated from surface estates after January 1, 2018, automatically revert to the surface estate owner after ten years of nonproduction or no bona fide drilling attempt.
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The ten-year period may be interrupted by actual production or active drilling operations, restarting the countdown from the day after production or operations cease.
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Shut-in rental payments can interrupt the period, but the countdown restarts after the final rental payment period ends if no production occurs.
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Oil wells are considered nonproductive if not located in the regular governmental quarter-quarter section where the mineral estate lies; gas wells must be in the regular governmental half-section.
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The act becomes effective July 1, 2017.
Legislative Description
Mineral rights; revert to surface owner after certain period of time.
Last Action
Died In Committee
1/31/2017