As part of our mission, we work to educate Colorado citizens on the mineral owners side of oil and gas development.
8/29/18 PRESS RELEASE: Colorado Mineral Owners React to Initiative 97 Approval for Ballot
Denver, Colorado – The Colorado Alliance of Mineral and Royalty Owners was extremely disappointed to hear that Initiative 97 – an effective ban on mineral development in Colorado -made the ballot with 172,834 signatures this afternoon. “Many Coloradans don’t yet understand the effect this kind of law would have on Colorado,” said Neil Ray, president of CAMRO. “Through a recent study and CORA request to the State Land Board, we’ve proven that untapped minerals below Colorado’s Wattenberg Field represent nearly $180 billion dollars of working interest cash flow and $26 billion dollars of royalty payments over the life of the field. This is money that doesn’t just benefit oil and gas companies. It benefits everyday royalty owners, Colorado’s communities, and the entire state.”
READ MORE (Press Release)
PRESS RELEASE: Colorado Schools Face Extreme Financial Hardship if Initiative 97 Curtails Mineral Development
Denver, Colorado – Under a recent Colorado Open Records Act request, the Colorado Alliance of Mineral and Royalty Owners, or CAMRO, found that, since 1980, the Colorado Land Board’s education funds received over $560 million in revenue from oil and gas leases in Colorado’s Wattenberg Field. In the last two years alone, these assets generated $166 million in revenue and interest, which funded K-12 public schools as well as Colorado’s higher education institutions. Although legacy drilling can continue under Initiative 97, the State Land Board wouldn’t reap any of the benefits of future innovations in oil and gas production because no new drilling would be permitted.
“It’s not just mineral owners who have a lot at stake if something like Initiative 97, which would enact 2,500-foot setbacks and eliminate oil and gas development on 85 percent of non-federal land, passes. All of Colorado should be deeply concerned about the impact the initiative would have on our communities and future workforce,” said Neil Ray, president of CAMRO. “Colorado’s schools would face extreme financial hardship. Our schools already have experienced budget cuts. Can they withstand additional hits financially? Our students deserve better.”
READ MORE (PRESS RELEASE)
PRESS RELEASE: Colorado Association of Mineral and Royalty Owners Study Shows Colorado Could Be on the Hook for $26 Billion if Bans on Energy Development Pass
June 12, 2018
"Denver, Colorado – The Colorado Alliance of Mineral and Royalty Owners (CAMRO) today released a report prepared by Netherland, Sewell, & Associates showing that untapped minerals in Colorado’s Wattenberg Field could have an expected ultimate recovery of nearly $180 billion dollars over the life of the field. Royalties for mineral owners alone would come to $26 billion dollars. This means that the cities and counties in the Wattenberg Field, or the State of Colorado, that enact bans on developing minerals in the Wattenberg Field could be on the hook for over $26 billion from successful takings claims, or just compensation for the public use of private property.
“If the seizure of private property rights in Colorado is codified through the local control initiatives or statewide ballot measures, all property rights throughout the state are under attack. Not only do these estimates represent a staggering value that could be taken without compensation from mineral owners by proposed ballot initiatives, but they represent funds taken from tax coffers that fund schools, roads, and other community services that we all value,” said Neil Ray, president of CAMRO. Our cities, counties, and state simply cannot afford to compensate mineral owners for their property.”
READ MORE (Press Release)