Colorado Code § 38-43-105

Terms of lease: Pooling and unitization
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Any lease which covers minerals
or natural resources other than oil or gas or related hydrocarbons shall be for such term and
contain such provisions as may be approved by the court. A lease which specifically covers oil
and gas and which may also cover other minerals may be for a primary term not exceeding ten
years and as long thereafter as oil, or gas, or other minerals may be produced from the premises
embraced in such lease or as long as drilling operations are diligently continued. Such oil and
gas lease may provide for pooling, unitization, or consolidation of the leased premises, or any
part thereof, with other lands in the same general area to establish a cooperative or unit plan of
development or operation and for the apportionment of royalties on production from any such
unitized area on an acreage basis. The trustee appointed under this article, or any successor
trustee, shall have the power at any time while such trust continues, with the approval of the
court, to enter into any agreement providing for such pooling or unitization of all or any part of
the leased premises and to bind thereby the said property and all owners thereof having any
interest therein whether present, future, or contingent.

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