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MS HB274

Bill

Official Source

Status

Failed

1/30/2018

Primary Sponsor

Michael Evans

Click for details

Origin

House of Representatives

2018 Regular Session

AI Summary

  • Mineral estates separated from surface estates after January 1, 2019 revert to the surface estate owner after ten years of nonproduction
  • The ten-year nonproduction period can be interrupted and restarted if drilling or production operations occur, with the period beginning anew the day after production or operations cease
  • For contracts with shut-in rental payments, the ten-year period restarts at the end of the rental payment period if no actual production occurs
  • Oil wells must be located on the regular governmental quarter-quarter section and gas wells on the regular governmental half-section where the mineral estate lies to be considered in production
  • The act takes effect July 1, 2018

Legislative Description

Mineral rights; revert to surface owner after certain period of time.

Last Action

Died In Committee

1/30/2018

Committee Referrals

Energy1/2/2018

Full Bill Text

No bill text available