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Our leases include:
We also offer solid mineral leases and exploration permits.
Our lessees must comply with all local, state, and federal regulations. And they are required to obtain necessary local, state, and federal permits. Additionally, all of our lessees are required to follow our site-specific stewardship stipulations. Violating stewardship stipulations may result in lease termination.
The Colorado Oil and Gas Conservation Commission (COGCC) is the regulatory agency for oil and gas development in the State of Colorado. The State Land Board is a separate agency from the COGCC. Our agency and our lessees are subject to the same local, state, and federal rules and requirements as any private land owner.
The State Land Board offers oil and gas leases by competitive auction. Auctions take place in February, May, August and November of each year. Auctions occur online through our third-party auctioneer EnergyNet. Pre-registration with EnergyNet is required to participate in the auction. Read more about the auction process, nomination information, and results.
Other oil and gas leases are issued through our application process. Scroll below to ‘Forms and Instructions’ to select the application you need.
Follow these steps to use the map server to locate state trust minerals:
Or contact Catie Stitt, Oil and Gas Specialist, for help.
Sixty days prior to the end of the primary term of the lease, a lessee may request an additional one (1) year extension (“6th year extension”) that is at Staff discretion; additional one (1) year extensions beyond the 6th year may be approved by the Board. Lessees should contact the Oil and Gas Specialist at minimum 3 months prior to the anniversary date of the lease if a lease extension is desired that must be approved by the Board.
State Land Board leases require a performance bond, which is separate from the bonding required by the Colorado Oil and Gas Conservation Commission (COGCC). State Land Board bonds are required by statute to prevent waste of state trust assets and can cover items such as (but not limited to) surface reclamation, rentals, and royalties. Bonds are due at the first anniversary date of the lease, when surface disturbance occurs, or at the time of assignment, whichever happens first.
State leases do not have a pooling provision. In order to join state trust minerals with other minerals outside the lease (including a second state trust lease), a Communitization Agreement must be approved by the State Land Board. Communitization Agreement Guidelines and the Communitization Agreement form are available under Forms and Instructions.
If a lessee is developing a Spacing and Drilling Unit (“DSU”) or has a well that will drain oil and gas from a state lease and additional acres (the well could be on or off state trust lands) a CA should be filed with the State Land Board as APDs are filed or DSU applications are filed with the Colorado Oil and Gas Conservation Commission. Check out our Communitization Agreement Guidelines and the Communitization Agreement form.
Contact Stephanie Johnson, Accountant, or at 303-866-3454 x 3319 for assistance with royalty data submission and payment.