Learn about the new Water Rights and Mineral Rights Examination Deadlines in the 2022 Colorado Real Estate Commission Approved Contract.
I want to purchase then develop vacant commercial property, but I don’t think the minerals are included. What should I do? Targeting a split estate property on pre-contract strategies, common pre-closing considerations, and legal tools to repair split estate complications.
Article Updated: 7/11/2018 The oil and gas company told me to sign the lease or they would ‘force pool’ me. Can they do that? Yes, but it’s not as bad as it sounds. The term ‘forced pooling’ is slang for Colorado statute CRS § 34-60-116(6) that allows the oil and gas company to apply for … Continue Reading
I am purchasing a new property. Are the mineral rights included? The specific language in a property’s prior conveyances, known as the chain of title, dictates whether the rights to the minerals are included in the purchase. As clearly disclaimed in the Colorado Contract to Buy and Sell Real Property, buying a property does not … Continue Reading
Can I keep my mineral rights? Yes. The general rule of thumb is that minerals run with the land so the mineral ownership and rights to existing royalty payments (if any) pass with the land to the new owner. A landowner must actively reserve or convey the minerals to avoid passing them to a new … Continue Reading
They want to drill on my property and they own the mineral rights. Is there anything I can do to minimize the impacts?Property owners in Colorado often ask this question when they own the surface rights but not the mineral rights. While they may feel powerless, they do have enforceable rights and can take steps to … Continue Reading