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MS HB836
Bill
Status
3/3/2020
Primary Sponsor
Price Wallace
Click for details
AI Summary
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Mineral estates separated from surface estates after January 1, 2021, automatically revert to the surface estate owner after ten years of nonproduction or no bona fide drilling attempt.
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The ten-year nonproduction period can be interrupted by actual production or drilling operations, and restarts the day after the last production or drilling activity ceases.
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Shut-in rental payments can interrupt the period, but the ten-year clock restarts at the end of the rental payment period if no production occurs.
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Oil and gas are considered nonproductive if the well is not located in the same governmental quarter-quarter section (oil) or half section (gas) as the mineral interest.
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The act takes effect July 1, 2020, and applies only to mineral estates separated after January 1, 2021.
Legislative Description
Mineral Rights; revert to surface owner after certain period of time.
Last Action
Died In Committee
3/3/2020