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MS HB859
Bill
Status
3/5/2024
Primary Sponsor
Bob Evans
Click for details
AI Summary
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Mineral estates separated from surface estates after January 1, 2025 revert to the surface estate owner after ten years of nonproduction.
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The ten-year nonproduction period can be interrupted by bona fide drilling attempts or actual mineral production, restarting the next day after production or drilling operations cease.
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Shut-in rental payments in lieu of production interrupt the ten-year period, which restarts at the end of the period for which the last rental payment was made if no actual production occurs.
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Oil is considered not in production if the well is not located on the same quarter-quarter governmental section where the mineral estate lies; gas is not in production if the well is not in the same half-section.
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The act becomes effective July 1, 2024.
Legislative Description
Mineral rights; revert to surface owner after certain period of time.
Last Action
Died In Committee
3/5/2024