Colorado Relinquishment Provision - All offset Wells

State:
Multi-State
Control #:
US-OG-716
Format:
Word; 
Rich Text
Instant download

Description

This clause addresses the responsibilites in the event any Party elects not to participate in the drilling of a well and provides for the relinquishment of interest and assignments by that party.

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FAQ

The decision applies the commission's 2000-foot setback rule, which was adopted by Colorado in 2020 to help better protect homes and schools from oil and gas development. The setback rule requires that drilling generally stay at least 2000 feet from homes.

The Colorado Oil & Gas Conservation Commission is organized into several work units in order to achieve its mission to regulate oil and gas in a manner that is protective of public health, safety, welfare, wildlife and the environment.

The setback rule requires that drilling generally stay at least 2000 feet from homes.

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Colorado Relinquishment Provision - All offset Wells