Adams 12 School Board Signed Mineral Lease Offer for Coyote Ridge Elementary

The Adams 12 School Board signed a 3 year lease with Ferrari Energy for its minerals under Coyote Ridge after a unanimous Board vote at its January 16 meeting.  Subsequently, Adams 12 dropped its forced pooling protest of Extraction’s Lowell South Spacing Unit (Livingston Pad).  Wildgrass Oil and Gas Committee is going forward with its forced pooling protest at the March 12 Colorado Oil and Gas Conservation Committee (COGCC) hearing.  Extraction’s Livingston Pad would be 4371 feet from Thunder Vista P-8 and 11,775 feet from Coyote Ridge Elementary School.

Over 370 concerned parents of Adams 12 students and taxpayers signed a petition in two days before the Board’s Nov. 14 meeting in order to ask the Board to consider whether or not it would be in the best interest of the school children’s health and safety for the District to sign a lease offer for their minerals.  At the November 14 meeting, Broomfield resident Heidi Hinkel presented the requests in the petition, adding that if the District received money from oil and gas after signing a lease that they consider using that money to educate their students about renewable energy and climate change.  A Prairie Hills parent suggested that if the Board decided to sign a lease that they invest in air quality monitoring equipment for the schools and education for the children on why it is dangerous for the population to live so close to wells.  Broomfield resident Jean Lim (author) acknowledged the complex decision that the Board had but asked them to also consider their constitutional rights as a factor since it was incomprehensible that a U.S. government entity could be forced pooled and coerced in that manner.  There were no public comments in favor of the District signing the oil and gas leases but Board Member Kathy Plomer stated that they had heard from people in favor of signing.

At the Nov.14 meeting, the Board had unanimously passed a motion to listen to public comments but to take no action that night due to their desire for further deliberations over the next several meetings.  Special Counsel Matt Sura negotiated the lease offer that was presented on Nov. 14 and approved on Jan. 16.  For the 4 acres of Coyote Ridge Elementary School, Ferrari Energy offered a 21% royalty and $6500 per mineral acre bonus.