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MS HB721

Bill

Status

Failed

2/1/2022

Primary Sponsor

Donnie Bell

Click for details

Origin

House of Representatives

2022 Regular Session

AI Summary

  • Mineral estates separated from surface estates automatically revert to the surface estate owner after 10 years of nonproduction, with the 10-year period beginning after July 1, 2022.

  • The 10-year nonproduction period is interrupted by bona fide drilling attempts or actual mineral production, and restarts the day after production or drilling operations cease.

  • For contracts with shut-in rental payments in lieu of production, the 10-year period restarts at the end of the period covered by the last rental payment if no production occurs.

  • If the 10-year period restarts with fewer than 180 days remaining, it is extended to provide at least 180 days from the restart date.

  • Oil is deemed not in production if the well is not located in the same quarter-quarter section where the mineral estate lies; gas is deemed not in production if the well is not in the same half-section.

Legislative Description

Mineral estates; revert to surface estate owner after ten-year period of nonproduction.

Last Action

Died In Committee

2/1/2022

Committee Referrals

Energy1/17/2022

Full Bill Text

No bill text available