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SLB Rev. 06/2012 Commoditization STATE OF COLORADO State Board of Land Commissioners Department of Natural Resources Denver, Colorado COMMODITIZATION AGREEMENT Approval and Certification Covering
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What is communitization agreement - colorado?
A communitization agreement in Colorado is a voluntary agreement between oil and gas operators to combine mineral interests within a defined geographic area into a single drilling and production unit.
Who is required to file communitization agreement - colorado?
Operators who wish to combine multiple mineral interests within Colorado into a single drilling and production unit are required to file a communitization agreement.
How to fill out communitization agreement - colorado?
To fill out a communitization agreement in Colorado, operators must provide information about the affected land, mineral interests, participating owners, drilling plans, and proposed unit boundaries. The agreement should be submitted to the Colorado Oil and Gas Conservation Commission (COGCC) along with the required fees.
What is the purpose of communitization agreement - colorado?
The purpose of a communitization agreement in Colorado is to consolidate mineral interests and coordinate drilling and production activities across multiple properties. It allows operators to efficiently extract oil and gas resources while minimizing surface impacts and avoiding unnecessary duplication of wells.
What information must be reported on a communitization agreement - colorado?
A communitization agreement in Colorado must include details such as the legal description and acreage of the affected land, names and addresses of participating owners, proposed drilling plans, estimated reserves, and the proposed unit boundaries.
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