Colorado Mineral Rights Group

Comment

Comment by ronald charlton on April 26, 2012 at 6:12pm

Does anybody know who is buying mineral leases in Cheyene and Lincon counties?

Comment by william tompkins on March 21, 2012 at 6:18pm

I think this may help with finding who leasing . I would go to COGCC GIS map page and open the maps to the County or township you are interested in and just check out who all the Operators are that have producing wells

.Also at COGCC website their is a link for approved permits and pending permits .There is a page for each county in the state of Colorado for both. These will be the guys that are leasing.

The BLM has a page for staked wells. all permits have to go to the BLM 6 months before they ever get to COGCC to be approved.

Finding this page is not as easy in Colorado as it is New Mexico it under planning and the page is titled NEPA LOGS, find your closes field office and start there in your search.

 You can also check out who leasing by going to the state land office and see who leasing state land . this way is really good because you can see what the oil company's are paying per acre in your area if there's a sale in your county or township.

Comment by N Case on February 7, 2012 at 7:27pm

I have found the results of the State Mineral auctions interesting and useful  background info about who is leasing where, etc.  To make it easier for me to analyze I complied all the auctions results from http://trustlands.state.co.us/Sections/Minerals/Pages/Auctions.aspx 

into a single Excel spread sheet.  I have attached it here for anyone to use.   Colorado%20Mineral%20Auction%20results.xlsx  or as a .pdf  Colorado%20Mineral%20Auction%20results.pdf  

Once the Feb. 2012 auction results are in I will add those and repost.

Comment by Jenna H. Keller on February 1, 2012 at 9:37am

Your observations are correct in that what your neighbors lease for would influence what COGCC finds to be reasonable.  This also demonstrates the importance of involving your neighbors early on in the process and persuading them to negotiate along with you. 

DISCLAIMER: The information in this posting is for general information purposes only. This posting should not be substituted for legal advice and should not be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or reading this posting does not constitute, an attorney-client relationship. You are encouraged to contact an attorney for legal advice concerning the information provided in this posting.

Comment by r w kennedy on January 28, 2012 at 8:57am

Hypothetically, if you are made a lease offer that is the low side but just within reason, and you make a counter offer that would be on the high side but could be considered within reason that the operator does not accept, what happens then ? After all you did not refuse to lease, just refused to accept less than you think it is worth. What would be the solution to such a situation ? I have heard the number thrown out that 85% of lessors execute the first lease offer they received. If this is so I would feel I was being penalized due to my neighbors poor to nonexistent bargaining skills.

Comment by Jenna H. Keller on January 28, 2012 at 8:02am

Forced pooling in a process available through the Colorado Oil & Gas Conservation Commission (COGCC) set forth in Rule 530 that essentially forces production on an unleased mineral interest.  The public policy behind forced pooling is that minority interest(s) should not be able to forestall development or production.  The forced pooling process begins with an operator filing an application with COGCC.  From there, the mineral owner(s) with unleased acreage are provided notice of the application and subsequently have an opportunity to be heard at a COGCC administrative hearing.  The subject of the hearing is whether an unleased owner has “failed or refused a reasonable offer to lease.”   Such determination is made by consideration of the following factors as compared to other leases in the area:

 (1) Date of lease and primary term or offer with acreage in lease;

(2) Annual rental per acre;

(3) Bonus payment or evidence of its non-availability;

(4) Mineral interest royalty; and

(5) Such other lease terms as may be relevant.

Forced pooling is typically a last resort for operators when they cannot come to terms on an oil and gas lease with a mineral owner.   

DISCLAIMER: The information in this posting is for general information purposes only. This posting should not be substituted for legal advice and should not be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or reading this posting does not constitute, an attorney-client relationship. You are encouraged to contact an attorney for legal advice concerning the information provided in this posting.

Comment by Reagan "R.T." Dukes on January 27, 2012 at 11:52am

I look forward to the coming discussions. I'll kick off the discussion with a Forced pulling question in the forum above.