Colorado § 39-7-103 - Surface and subsurface equipment valued separately.
Full text of Colorado Colorado Revised Statutes § 39-7-103 — Surface and subsurface equipment valued separately., with citation guidance and answers to common questions.
§ 39-7-103. Surface and subsurface equipment valued separately.
All surface oil and gas well equipment and submersible pumps and sucker rods located on oil and gas leaseholds or lands shall be separately valued for assessment as personal property, and such valuation may be at an amount determined by the assessors of the several counties of the state, approved by the administrator, and uniformly applied to all such equipment wherever situated in the state. All other subsurface oil and gas well equipment, including casing and tubing, shall be valued as part of the leasehold or land under section 39-7-102.
Source: L. 64: R&RE, p. 711, § 1. C.R.S. 1963: § 137-7-3. L. 76: Entire section amended, p. 775, § 1, effective January 1, 1977.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 39-7-103
What does Colorado Revised Statutes § 39-7-103 cover?
Section 39-7-103 ("Surface and subsurface equipment valued separately.") 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 § 39-7-103?
A common citation format is "Colorado Revised Statutes § 39-7-103" (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 § 39-7-103 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.