Colorado lawmakers introduce a bill hoping to limit forced pooling of mineral rights in the state.
Current law authorizes forced pooling in Colorado, and House HB17-1336 would bring additional restrictions on the practice. It will require that at least a majority of the royalty interest owners must join in the application before the commission can enter a forced pooling order. Other restrictions include:
- Operators will be required to give the mineral interest owners a clearly stated, concise, neutral explanation of the laws governing forced pooling
- Operators must file an electronic report with the Colorado Oil and Gas Conservation Commission showing the number of owners who were forced pooled and the percentage of land that was forced pooled in the given area.
- Notice of the hearing must be given at least 90 days before the hearing is to take place.
The bill is being sponsored by Rep. Mike Foote, D-Lafayette and Rep. Dave Young, D-Greeley.