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MS HB906
Bill
Status
2/2/2021
Primary Sponsor
Bob Evans
Click for details
AI Summary
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Mineral estates separated from surface estates after January 1, 2022, automatically revert to the surface estate owner after 10 years of no drilling attempts or mineral production
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The 10-year nonproduction period can be interrupted by actual drilling operations, production, or shut-in rental payments, with the clock restarting after activity ceases
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If the period is interrupted with less than 180 days remaining, the mineral estate owner receives at least 180 days before reversion can occur
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Oil production only counts as interrupting nonproduction if the well is located on the same quarter-quarter section as the severed mineral estate; gas wells must be within the same half-section
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Effective date: July 1, 2021
Legislative Description
Mineral rights; revert to surface owner after certain period of time.
Last Action
Died In Committee
2/2/2021