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MS HB332

Bill

Status

Failed

3/3/2020

Primary Sponsor

Donnie Bell

Click for details

Origin

House of Representatives

2020 Regular Session

AI Summary

  • Mineral estates separated from surface estates revert to the surface estate owner after ten years of nonproduction, beginning July 1, 2020.

  • Nonproduction means no bona fide attempt to drill for or produce minerals and no actual production during the ten-year period.

  • 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.

  • 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.

  • 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

Committee Referrals

Judiciary A1/28/2020

Full Bill Text

No bill text available