SUBJECT:
Title
Informational Meeting - Potential Sale of Town's Mineral Rights
Department
DEPARTMENT: Legislation
Presenter
PRESENTER(S): Breena Meng, Town Attorney
David Frank, Director of Environmental Services
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Time
TIME ESTIMATE: 180 minutes
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For time estimate: please put 0 for Consent items.
Fiscal
FISCAL SUMMARY:
N/A
Policy
POLICY ISSUES:
Per the Town Charter, the purchase and sale of Town property, including mineral rights, must be approved by the Town Council by ordinance.
Recommendation
STAFF RECOMMENDATION:
This is a policy decision for the Town Council.
Body
SUMMARY/KEY POINTS
* This in an informational meeting for the public to learn about the possible sale of Town-owned mineral rights.
* This is also an opportunity for Council to hear perspectives of the community on this possible sale.
* No vote will be taken at this meeting.
BACKGROUND OF SUBJECT MATTER:
The Draco Pad was approved, March 26, 2025, by the Colorado Energy and Carbon Management Commission (ECMC) despite Erie's objections and thorough testimony. The Civitas/SM Energy project involves 26 wells in a pad located in unincorporated Weld County with underground drilling extending west under the Town of Erie and Boulder County.
Civitas/SM Energy approached the Town in Spring 2025 regarding the possibility of acquiring the Town's mineral rights.
April 21, 2026 will be an informational meeting for members of the public to learn about the possible sale of Town mineral rights to SM Energy. This meeting will provide a high-level description of what points the Town Council is considering and negotiating in return for the possible sale. No vote will be taken, nor will any decision be made at this meeting.
Should an agreement be reached between the Town and SM Energy, an ordinance will come back to the Town Council for consideration. That would happen in a public meeting, and public comments will be taken prior to any vote. All documents related to the ...
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