SB 18-230 Modify Laws Drilling Units Pooling Orders Passes House Committee and Headed to House Floor

SB 18-230 Modify Laws Drilling Units Pooling Orders Passes House Committee and Headed to House Floor

After two years of working to make changes to forced pooling laws at the Statehouse, Broomfield mineral owners can finally see the first steps in right direction. SB 18-230 Modify Laws Drilling Units Pooling Orders, sponsored by Rep. Lori Saine and Sen. Vicki Marble and with House amendments secured by Rep. Matt Gray, passed the House Committee 8-1 early this evening. It will move to the House floor quickly, maybe as early as tonight.

The bill as amended includes:
– elimination of liability for forced pooled mineral owners
– extension of notice from 35 to 60 days
– clear information about mineral owner options to be included with the required operator leasing offer
– removal of the 300% penalty for operator recovery costs, rolled back to the previous 200% level (amendment to SB 18-230)
– effective date so that Broomfield mineral owners in currently approved spacing units would be covered by the provisions of this bill (amendment to SB 18-230)

If the bill passes the House floor, it will head to the Senate with passage needed by the end of the legislative session on May 9.

Pictured (left to right): Broomfield Wildgrass resident Jean Lim, League of Oil and Gas Impacted Coloradans (LOGIC) Director Sara Loflin, Rep. Matt Gray (D-Broomfield), Rep. Lori Saine (R-Weld)