Plain English Breakdown
The bill did not pass and there are no further details on why it failed in committee.
Mineral Rights Return to Surface Owners
This bill would make mineral rights that are separated from the surface of a property return to the owner of the land if there is no production or attempt at production for ten years.
What This Bill Does
- Provides that after January 1, 2027, mineral estates separated from the surface estate will revert to the owner of the surface estate if there has been no bona fide attempt to drill for or produce minerals or actual production of minerals within a ten-year period.
- Defines 'nonproduction' as when there is no drilling or actual production of oil or gas from a well located in the correct government section where the mineral estate lies.
Who It Names or Affects
- People who own land that has mineral rights separated from it after January 1, 2027.
- Companies or individuals trying to drill for oil or gas on property where the surface and mineral estates are owned by different people.
Terms To Know
- Nonproduction
- When there is no drilling or actual production of minerals, such as oil or gas, from a well within the correct government section where the mineral estate lies.
- Surface Estate Owner
- The person who owns the land on top of the ground.
Limits and Unknowns
- This bill did not pass and was stopped in committee.
- It only applies to mineral estates separated after January 1, 2027.