Colorado § 30-11-303 - Oil and gas rights - leases - royalties.
Full text of Colorado Colorado Revised Statutes § 30-11-303 — Oil and gas rights - leases - royalties., with citation guidance and answers to common questions.
§ 30-11-303. Oil and gas rights - leases - royalties.
(1) Any county acting by its board of county commissioners may lease any real estate or any interest therein owned by the county for oil and gas exploration, development, and production purposes upon such terms and conditions as may be prescribed and contracted by the board of county commissioners in the exercise of its best judgment, and as such board deems to be for the best interests of the county.
(2) Any such lease of oil and gas rights shall be for a term not to exceed five years and as long thereafter as oil or gas is produced and shall provide for a royalty of not less than twelve and one-half percent of all oil and gas produced, saved, and marketed, or the equivalent market value thereof, which royalty may be reduced proportionately under appropriate provision in such lease if the interest of the county is less than a full interest in the land or oil and gas rights in the land described in such lease.
(3) When, in the opinion of the board of county commissioners and because of the size, shape, or current use of any tract of county real estate, the public interest so requires, any lease of such tract may provide that no drilling shall be conducted on the land covered thereby, in which case such lease shall be for a term not to exceed ten years and so long thereafter as the county may share in royalties payable on account of production of oil or gas from lands adjacent to such tract of county land so leased.
Source: L. 49: p. 327, § 2. CSA: C. 45, § 25(2). L. 53: p. 218, § 1. CRS 53: § 36-11-2. C.R.S. 1963: § 36-11-2.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 30-11-303
What does Colorado Revised Statutes § 30-11-303 cover?
Section 30-11-303 ("Oil and gas rights - leases - royalties.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 30-11-303?
A common citation format is "Colorado Revised Statutes § 30-11-303" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 30-11-303 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.