Spencer Williams, Water Sage’s Business Development Manager and Colorado water law expert shares best practices for evaluating water rights investment opportunities.
The Colorado Supreme Court’s ruling on May 2nd that struck down bans and moratoriums on fracking has assured two things: one, a fight about fracking at the ballot box, and two, be on the lookout for other creative production-halting threats. Where are oil and gas companies getting their water from? Is it from a secured, legal and reliable source that know won’t be changing?
What if an oil and gas operator purchases water knowing that the seller deceptively purchased it for agricultural use? Does it make a difference if the operator is unaware of any deception, but knows that the water isn’t approved for industrial use? Water Sage tackles the question of stolen water in Colorado.
In the arid West, your water rights are a critical component of the land where you live, work, and play. While most landowners understand the importance of their water rights, many do not know how to effectively manage and protect them for themselves or for future generations. The bottom line is that you are the best person to manage your water rights assets. But where to start?
There’s something counterintuitive about buying acreage, but somehow not receiving any right to use the water “on” the property. Such confusion can usually be resolved with a quick lesson on Colorado water rights. To save you the headache of finding out about Colorado’s complex water allocation system the hard way, we’ve put together this post to explain the basics of a Colorado water right.