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MS HB332
Bill
Status
3/3/2020
Primary Sponsor
Donnie Bell
Click for details
AI Summary
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Mineral estates separated from surface estates revert to the surface estate owner after ten years of nonproduction, beginning July 1, 2020.
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Nonproduction means no bona fide attempt to drill for or produce minerals and no actual production during the ten-year period.
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The ten-year period interrupts and restarts the day after actual production or drilling operations end; if shut-in rental payments are made, the period restarts at the end of the rental payment period.
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Oil wells must be located on the same quarter-quarter section where the mineral estate lies to count as production; gas wells must be in the same half-section as the mineral interest.
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If the ten-year period restarts with fewer than 180 days remaining, the period shall not expire sooner than 180 days after the restart date.
Legislative Description
Mineral estates; revert to surface estate owner after ten-year period of nonproduction.
Last Action
Died In Committee
3/3/2020