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MS HB501
Bill
Status
2/1/2022
Primary Sponsor
Randy Boyd
Click for details
AI Summary
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Mineral estates separated from surface estates revert to the surface owner after 20 years of nonproduction or no bona fide drilling attempt.
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The 20-year period may run continuously or be interrupted by actual production, drilling operations, or shut-in rental payments; the period restarts the day after production/operations cease or rental period ends.
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If 180 days or fewer remain in the period when it restarts, the period extends to at least 180 days from the restart date.
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Mineral interests already separated from surface estates as of July 1, 2022, with 20 years of nonproduction immediately revert to the current surface estate owner.
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Oil and gas are not considered in production if the well is not located in the same quarter-quarter section (oil) or half section (gas) where the mineral interest lies.
Legislative Description
Mineral interests; revert to surface owner after certain period of time.
Last Action
Died In Committee
2/1/2022