Loading chat...

MS HB859

Bill

Status

Failed

3/5/2024

Primary Sponsor

Bob Evans

Click for details

Origin

House of Representatives

2024 Regular Session

AI Summary

  • Mineral estates separated from surface estates after January 1, 2025 revert to the surface estate owner after ten years of nonproduction.

  • 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.

  • 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.

  • 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.

  • 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

Committee Referrals

Judiciary A2/2/2024

Full Bill Text

No bill text available