Loading chat...
CO HB1336
Bill
Status
5/3/2017
Primary Sponsor
Mike Foote
Click for details
AI Summary
-
Requires at least a majority of royalty interest owners to join a forced pooling application before the Colorado Oil and Gas Conservation Commission can enter a pooling order.
-
Mandates hearing notice be provided at least 90 days before the hearing in forced pooling proceedings.
-
Requires prospective drilling unit operators to provide affected interest owners a clearly stated, concise, neutral explanation of forced pooling laws, available options, and consequences of becoming a nonconsenting owner.
-
Requires operators to file an electronic report with the commission before commencing drilling operations stating the number of nonconsenting owners and percentage of acres force pooled, which the commission must post in a searchable public database.
-
Applies to pooling order applications filed on or after the effective date (August 9, 2017, unless subject to a referendum petition requiring voter approval).
Legislative Description
Additional Protections Forced Pooling Order
Natural Resources & Environment
Last Action
Senate Committee on State, Veterans, & Military Affairs Postpone Indefinitely
5/3/2017