Economics & Taxes

The health of the oil and natural gas industry is of key importance to the State of Colorado. Colorado ranks 6th in the country in natural gas production and 9th in oil production. In 2012, the industry supported over 115,000 Colorado jobs and provides $29.6 billion to the state’s economy. In addition to providing jobs that support communities across the state, Colorado receives a significant portion of its state revenues from oil and gas development, with over 95% of the severance taxes paid for by the industry. The oil and natural gas industry is a key component to rural values, lifestyles and economies and help keep those areas growing and thriving. It is critically important that Colorado has a welcoming environment for energy investment.

Fact Sheet: Land Leasing

An oil and gas company must acquire the rights to extract oil and gas from a mineral owner before drilling a well. An oil and gas lease is both a conveyance and a contract. The lease is a conveyance because a mineral owner conveys to an oil and gas company the right to explore for and produce oil and gas. The lease is a contract because the oil and gas company accepts the right to explore for and produce oil and gas in exchange for certain obligations. For both parties, the lease is essential in communicating the lease terms, such as the length of time the lease is effective, the amount of royalty payments, and the rights ... Read More »

Fact Sheet: Clean Air Clean Jobs Act

The “Clean Air Clean Jobs Act” (CACJA) passed the Colorado General Assembly in the spring of 2010 with bi-partisan support in both the House and Senate and was signed into law by then-Governor Bill Ritter. An unprecedented, bipartisan coalition of natural gas producers, utilities, conservationists, local officials, and others supported the bill and continue to do so today. Read More »

Coalition Letter: Setback Interdependence

Let’s Include Our Community Interdependence with Oil and Gas in the Setback Conversation  Our society is becoming increasingly detached from the things that we consume and those that produce them, even the basics of food, water, shelter, and energy. Our coalition has come together to encourage policies that embrace rather than ignore our interdependence with oil and gas resources. The discussion of oil and gas setbacks is no exception. Read More »

Basics: Mineral Rights and Royalties

Mineral rights refer to the ownership of the mineral estate, which lies beneath the surface. Separate from the surface estate, mineral estates come with their own rights and rules for access. In Colorado, there are over an estimated 600,000 citizens that have a chain of title to mineral ownership based off a study from Oklahoma University. Read More »