Colorado Oil and Gas Lease Changes

The Colorado State Land Board has approved revisions to the standard oil and gas lease form for the first time since 2011. The new lease terms will go into effect for all oil and gas leases issued on or after May 19, 2016. Significant revisions made to the lease provisions are summarized in the 2016 Oil and Gas Lease Changes.

UPDATE: The State of Colorado will no longer round up the Rental Fee. All Rentals will be paid on the actual acreage of the lease.

The new lease form is available by clicking the Colorado Lease Form.

Terms

Purchase price includes the lease bonus and 1st year rental and buyer's premium. Buyer will be responsible for paying rental payments for years 2 through 5.

Notice: A 2% Buyer Premium, calculated as 2% of the total rental, will be added to the cost of this lease.

Data represented on these maps is for REFERENCE USE ONLY and is not suitable for legal, engineering, or surveying purposes. Neither Colorado nor EnergyNet.com shall be liable for any direct, indirect or consequential damages to any party arising out of or in connection with the use of data on these maps.

There is no assurance that there is any potential for production on any tract offered for leasing by the State Board of Land Commissioners.

Lease Stipulation

SEVERED ESTATE WITH BIOLOGICAL ISSUES

Lease contains Colorado Parks & Wildlife (CPW) mapped High Priority Habitat (HPH) and/or occurrences of Federally-listed Endangered, Threatened, or Candidate wildlife or plant species as mapped by Colorado Natural Heritage Program (CNHP). Lessee must notify Lessor’s District Manager prior to surface access and proposed surface occupancy and in connection with any proposed oil and gas operations, including, without limitation, the submittal of a Location Assessment or an Application for Permit to Drill (APD). Lessee is encouraged to notify CPW and CNHP in connection with the required surface owner notice.

GIS Data

GIS data in the form a shapefile is available for this lease sale. Click here to download.

Please be advised that the information contained herein is for REFERENCE USE ONLY and is not suitable for legal, engineering, or surveying purposes. Neither Colorado nor EnergyNet.com shall be liable for any direct, indirect or consequential damages to any party arising out of or in connection with the use of data contained herein.

Contact Information