Natural resources: gas and oil; ownership and conveyance rights associated with pore space; establish. Creates new act. TIE BAR WITH: SB 1131'24, SB 1132'24

This bill establishes that owners of Michigan surface land automatically own the underground pore space beneath their property, unless those rights have been explicitly sold or reserved separately. It defines pore space as the open areas in geological formations capable of storing substances like carbon dioxide and requires any agreement to transfer these rights to specifically name the underground layers and depths involved. The legislation allows pore space to be bought, sold, or leased independently from the surface land but ensures that existing mineral rights and traditional legal rules regarding land use remain unchanged.