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MS HB253
Bill
Status
3/3/2020
Primary Sponsor
Bob Evans
Click for details
AI Summary
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Mineral estates separated from surface estates after January 1, 2021, revert to the surface estate owner after ten years of nonproduction.
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The ten-year nonproduction period can be interrupted and restarted if drilling or production activities occur, or if shut-in rental payments are made; after the last rental payment, the period restarts if no production follows.
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Oil wells must be located on the same quarter-quarter section and gas wells on the same half section as the severed mineral interest to be considered in production; wells outside these areas do not count as production.
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If the ten-year period restarts with fewer than 180 days remaining, it extends to at least 180 days from the restart date.
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The act takes effect July 1, 2020.
Legislative Description
Mineral rights; revert to surface owner after certain period of time.
Last Action
Died In Committee
3/3/2020