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MS HB836

Bill

Status

Failed

3/3/2020

Primary Sponsor

Price Wallace

Click for details

Origin

House of Representatives

2020 Regular Session

AI Summary

  • 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.

  • 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.

  • 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.

  • 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.

  • 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

Committee Referrals

Judiciary A2/13/2020

Full Bill Text

No bill text available