HB18-1289

HB18-1289 - Exempt Local Government School Districts Forced Pooling

Postponed Indefinitely
Concerning an exemption from forced pooling of certain governmental entities that own mineral rights.

Current law authorizes 'forced' or 'statutory' pooling, a process by which any interested person–typically an oil and gas operator–may apply to the Colorado oil and gas conservation commission for an order to pool and develop oil and gas resources located within a particularly identified drilling unit absent consent from the mineral owner. The bill exempts school districts that own mineral rights and mineral rights owners that are located on open space designated by a local government if the local government acquired the mineral rights before the application was filed from being forced pooled but maintains their ability to engage in voluntary pooling.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

 

Latest update: May 2, 2018
05/02/2018 - Senate Committee on State, Veterans, & Military Affairs Postpone Indefinitely
05/01/2018 - Introduced In Senate - Assigned to State, Veterans, & Military Affairs
05/01/2018 - House Third Reading Passed - No Amendments
04/30/2018 - House Second Reading Special Order - Passed with Amendments - Committee
04/27/2018 - House Committee on Appropriations Refer Unamended to House Committee of the Whole
04/26/2018 - House Committee on Transportation & Energy Refer Amended to Appropriations
03/08/2018 - Introduced In House - Assigned to Transportation & Energy