Natural resources: gas and oil; ownership and conveyance rights associated with pore space; establish. Creates new act. TIE BAR WITH: SB 395'25

SB 394 establishes that landowners in Michigan automatically own the pore space (open spaces in underground rock formations) beneath their property, which can be used for storing substances like carbon dioxide. This means property buyers inherit pore space rights unless the seller explicitly transfers or excludes them in the sale agreement. The bill requires clear language in property transfers to sever pore space rights from surface ownership, protecting existing mineral rights and surface access for oil/gas operations. It does not affect mineral rights or existing agreements but requires Senate Bill 395 to pass simultaneously for full implementation. The bill aims to clarify ownership for future resource storage projects while maintaining current legal frameworks.