State high court issues mixed ruling in Boulder County oil, gas leases

DENVER – The Colorado Supreme Court on Monday upheld an appeals court’s ruling that Boulder County’s oil and gas leases are valid, but overturned a legal ruling that was unfavorable to the owners of oil and gas leases across the state, including the county.

In 2019, the county sued Crestone Peak Resources, arguing that certain leases owned by the county had expired when oil and gas production on those leases stopped for four months. The leases provided that any gap in production longer than 60 or 90 days could lead to termination of the leases. However, the appeals court held that…