Loading chat...
MS HB238
Bill
Status
1/30/2018
Primary Sponsor
Randy Boyd
Click for details
AI Summary
-
Mineral estates separated from surface estates revert to the surface owner after 20 years of nonproduction or no bona fide drilling attempt.
-
The 20-year nonproduction period may run continuously or be interrupted; it restarts the day after the last actual production or drilling operation ends.
-
For shut-in rental payment contracts, the 20-year period restarts at the end of the period covered by the last rental payment if no production occurs.
-
Oil and gas are deemed not in production if wells are not located in the regular governmental quarter-quarter section (oil) or one-half section (gas) where the mineral interest lies.
-
Mineral interests satisfying the 20-year nonproduction requirement on July 1, 2018 immediately revert to the current surface estate owner.
Legislative Description
Mineral interests; revert to surface owner after certain period of time.
Last Action
Died In Committee
1/30/2018