Surface Rights Primer for Proposed Ballot Initiative
Note: This is from the Colorado Land Owners for Fairness that is collecting signatures for a ballot initiative that would require oil and gas operators to compensate private property owners for surface damage to their land.
SPLIT ESTATES IN COLORADO: BACKGROUND
In Colorado, as in most resource-rich states, the mineral interests may be “split” or “severed” from the surface interests. This situation results in a “split estate” where the surface owner does not own the underground oil and gas reserves. Both the surface land and the mineral interests are considered property rights, however, currently oil and gas interests are allowed to drill and gain access to the oil and gas reserves at the expense of individuals, agricultural producers, businesses and local governments that are surface owners.
In 1997, the Colorado Supreme Court ruled that both estates must exercise their rights in a manner consistent with the other
Like this story? Steal it! Feel free to republish it in part or in full, just please give credit to The Colorado Independent and add a link to the original.
SIGN UP FOR OUR WEEKLY NEWSLETTER
If you believe what you read — and who knows, it may just be Russian bots — there’s a groundswell of support to actually do […]Read More