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MS HB238

Bill

Status

Failed

1/30/2018

Primary Sponsor

Randy Boyd

Click for details

Origin

House of Representatives

2018 Regular Session

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

Committee Referrals

Judiciary A1/2/2018

Full Bill Text

No bill text available