CO SB230

Clarifies that a drilling unit may include one or more wells on a pool or portion of a pool, rather than limiting units to a single well.

Provides nonconsenting mineral owners with immunity from liability for costs arising from spills, releases, damage, or injury resulting from oil and gas operations on the drilling unit.

Modifies cost recovery provisions, allowing consenting owners to recover 100% of operational costs and surface equipment costs, and 200% of drilling and well equipment costs from nonconsenting owners' production shares.

Requires 60-day advance notice to unleased nonconsenting mineral owners with a reasonable lease offer, estimated drilling costs, well location, depth, and spud date information, plus a commission-supplied brochure describing pooling procedures and owner options.

Takes effect July 1, 2018, and applies to conduct occurring on or after that date.