Colorado city’s ban on fracking trumped by state law
Tuesday, July 29, 2014
According to The Denver Post, the ban on oil and gas fracking in Longmont, Colo. has been struck down. However, the city won’t see any fracking activity until the court hears the case again.
Both opponents of fracking, including environmentalists, and those who support drilling, like the Colorado Oil and Gas Association.
From The Denver Post:
“Boulder County District Court Judge D.D. Mallard ruled that state law supersedes Longmont’s 2012 voter-approved ban on the controversial practice of hydraulic fracturing in oil and gas wells.”
Via: The Denver Post > Judge rejects Longmont’s fracking ban as sides gird for ballot fight
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Shale FAQ
How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
What are royalties?
Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.