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MS HB253

Bill

Status

Failed

3/3/2020

Primary Sponsor

Bob Evans

Click for details

Origin

House of Representatives

2020 Regular Session

AI Summary

  • Mineral estates separated from surface estates after January 1, 2021, 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 activities occur, or if shut-in rental payments are made; after the last rental payment, the period restarts if no production follows.

  • 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.

  • If the ten-year period restarts with fewer than 180 days remaining, it extends to at least 180 days from the restart date.

  • 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

Committee Referrals

Judiciary A1/27/2020

Full Bill Text

No bill text available