Short Summary
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.
General Description
“CONCERNING A REQUIREMENT THAT A LOCAL GOVERNMENT THAT INTERFERES WITH OIL AND GAS OPERATIONS COMPENSATE PERSONS DAMAGED BY THE INTERFERENCE.” [SB 18-192, Colorado General Assembly]
Bill Sponsor(s)
Sen. Vicki Marble
Detailed Bill Summary
This is legislation to “require cities, towns and counties that prohibit fracking — or that place moratoriums on oil and gas activities” to “compensate oil and gas operators, mineral-interest holders and royalty owners for the lost revenues and other costs.” [John Fryer, “Colorado Legislature approves 1 oil, gas bill; others die or face probable deaths,” Times-Call, 03/31/18]
Current Status
- 03/29/18- Passed the Senate 19-16. [SB-18 192 Vote, Colorado General Assembly]
Relevant Comments by Public Officials, Public Lands Groups, or Special Interest Groups in Colorado
- Colorado Oil and Gas Association opposed the bill. [John Fryer, “Colorado Legislature approves 1 oil, gas bill; others die or face probable deaths,” Times-Call, 03/31/18; Bruce Finley
- Colorado Petroleum Council, “Colorado lawmakers kill bill to require protecting people and the environment as oil and gas operations move closer,” Denver Post, 03/07/18]