Forced pooling is not mandatory swim practice
Colorado law compels communities that own their mineral rights to lease them against their will.
When James Sines shopped for homes in 2007, he thought he knew how to pick a neighborhood that would never be drilled for oil or gas. His nephew, a geologist, told Sines to ask the real estate agent showing a house in Broomfield’s Anthem development whether the deed included subsurface mineral rights. The real estate agent’s answer was vague. Sines pressed the agent, and learned that the mineral rights beneath the otherwise spacious floor plan would not belong to him.
Sines crossed the highway to a development called Wildgrass where orderly rows of executive homes were under construction. “The first question I asked was, `Do I own the mineral rights?’” recalled Sines. The answer was yes, and he bought the house. Read the full story in the Colorado Independent or the Boulder Weekly.
This entry was posted on Tuesday, January 10th, 2017 at 3:41 pm. It is filed under All Stories, Oil and Gas.
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