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MS HB501

Bill

Status

Failed

2/1/2022

Primary Sponsor

Randy Boyd

Click for details

Origin

House of Representatives

2022 Regular Session

AI Summary

  • Mineral estates separated from surface estates revert to the surface owner after 20 years of nonproduction or no bona fide drilling attempt.

  • 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.

  • If 180 days or fewer remain in the period when it restarts, the period extends to at least 180 days from the restart date.

  • 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.

  • 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

Committee Referrals

Judiciary A1/6/2022

Full Bill Text

No bill text available