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MS HB1110
Bill
Status
1/30/2018
Primary Sponsor
Donnie Bell
Click for details
AI Summary
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Separated mineral estates automatically revert to the surface estate owner after ten years of nonproduction, with the ten-year period beginning after July 1, 2018.
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The ten-year nonproduction period is interrupted and restarts if there is any bona fide attempt to drill or actual production of minerals, beginning the day after production or drilling operations cease.
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For shut-in rental payment contracts, the ten-year period restarts at the end of the period covered by the last rental payment if no actual production occurs.
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If the ten-year period restarts with fewer than 180 days remaining, it cannot expire until at least 180 days have passed from the restart date.
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Oil is considered not in production if the well is not in the quarter-quarter section where the severed mineral estate lies; gas is considered not in production if the gas well is not in the half-section where the mineral interest lies.
Legislative Description
Mineral estates; revert to surface estate owner after ten-year period of nonproduction.
Last Action
Died In Committee
1/30/2018