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MS HB1252

Bill

Status

Failed

1/31/2017

Primary Sponsor

Michael Evans

Click for details

Origin

House of Representatives

2017 Regular Session

AI Summary

  • 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.

  • 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.

  • Shut-in rental payments can interrupt the period, but the countdown restarts after the final rental payment period ends if no production occurs.

  • 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.

  • 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

Committee Referrals

Energy1/16/2017

Full Bill Text

No bill text available