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Home » US Law » 2022 Colorado Code » Title 38 - Property - Real and Personal » Article 42 - Oil, Gas, and Mining Leases

§ 38-42-101. Lease With Option to Purchase, Title Requirements

Every oil and gas or mining lease containing any provision whereby the lessor grants and sells to the lessee therein a right or option, at any time during the term thereof or any extensions or renewals thereof, to purchase any part of the lessor’s mineral or royalty interest in, on, or under the leased premises […]

§ 38-42-102. Option Void, When

Any such right or option contained in any oil and gas or mining lease which is executed subsequent to March 2, 1955, and the title or heading of which does not clearly state that such a right or option is contained therein shall be voidable at the option of the lessor, and upon adjudication by […]

§ 38-42-103. Title Form

The title or heading of such a lease containing such a right or option in the lessee as set forth in this article shall be deemed to satisfy the requirements of this article if it reads substantially as follows: Oil and gas lease with option to purchase, or mining lease with option to purchase. Source: […]

§ 38-42-104. Lease Surrendered, When

When any oil, gas, or other mineral lease given on land situated in any county of Colorado and recorded therein becomes forfeited or expires by its own terms, it is the duty of the lessee, his successors, or assigns, within ninety days from April 30, 1957, if the forfeiture or expiration occurred prior thereto and […]

§ 38-42-105. Actions for Surrender of Lease – Damages

If the owner of such lease neglects or refuses to execute a release as provided by section 38-42-104, then the owner of the leased premises may sue in any court of competent jurisdiction to obtain such release, and he may also recover in such action from the lessee, his successors, or assigns the sum of […]

§ 38-42-106. Record of Lease No Longer Notice Unless Affidavit Recorded

The lessee of any oil, gas, or other mineral lease given on or after March 28, 1967, on land situated in this state or any owner of a partial interest in such lease shall, prior to the expiration of six months after the expiration of the primary or definite term set forth in the lease, […]