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MS HB555

Bill

Status

Failed

2/2/2021

Primary Sponsor

Randy Boyd

Click for details

Origin

House of Representatives

2021 Regular Session

AI Summary

  • Mineral estates that have been separated from surface estates will automatically revert to the surface estate owner after 20 years of nonproduction or no bona fide attempt to drill for or produce minerals

  • The 20-year nonproduction period can be interrupted by actual production or drilling operations, with the clock restarting after activity ceases; shut-in rental payments can also interrupt the period

  • If the 20-year period is interrupted with less than 180 days remaining, the period extends to at least 180 days from the restart date

  • Oil production only counts if the well is on the same quarter-quarter section as the severed mineral estate; gas production only counts if the well is in the same half-section as the mineral interest

  • Any mineral estates already separated for 20+ years without production as of July 1, 2021, would immediately revert to the current surface estate owner

Legislative Description

Mineral interests; revert to surface owner after certain period of time.

Last Action

Died In Committee

2/2/2021

Committee Referrals

Judiciary A1/18/2021

Full Bill Text

No bill text available