The bill would require local governments that ban fracking to be liable to mineral interest owners for the value of the mineral interest. Local governments would be required to compensate oil and gas operators, oil and gas companies, mineral lessees and royalty owners for lost revenue.
“CONCERNING A REQUIREMENT THAT A LOCAL GOVERNMENT THAT INTERFERES WITH OIL AND GAS OPERATIONS COMPENSATE PERSONS DAMAGED BY THE INTERFERENCE.” [HB 18-1150, Colorado General Assembly]
Rep. Perry Buck
Detailed Bill Summary
Legislation to “force local governments that ban or place moratoriums on drilling to pay oil and gas companies for any lost revenue.” [Bruce Finley, “Colorado lawmakers kill bill to require protecting people and the environment as oil and gas operations move closer,” Denver Post, 03/07/18]
- 03/07/18- Postponed indefinitely in the House Committee on State, Veterans & Military Affairs. [Bill History for HB-1150, Colorado General Assembly]
Relevant Comments by Public Officials, Public Lands Groups, or Special Interest Groups in Colorado