Sell your Broomfield mineral rights.

Broomfield is the smallest county in Colorado at roughly 34 square miles, and for a few years it was one of the state's largest oil producers. It is also the most restrictive place we buy, and we would rather explain that than quote you a number that implies otherwise.

Development here was concentrated in roughly 2018 through 2021, delivered from a small number of very large pads with names that show up in the records as Interchange, Livingston, Northwest A, United, Anthem, and Wildgrass. Roughly 79 wells produce out of 357 total, and county gas production fell from about 22.4 billion cubic feet in 2024 to 17.6 billion in 2025.

The regulatory history explains the rest. Voters approved a five year fracking suspension in 2013. A moratorium passed in May 2019 was extended to June 2021. In May 2020 Broomfield adopted 2,000 foot setbacks and new zoning restrictions, and development proceeded only under a negotiated operator agreement requiring electric drilling, sound walls, no on site tanks, and piped water.

So we underwrite Broomfield minerals on existing production only and assign no undeveloped value, and we say so out loud. If a buyer offers you a number here that implies future drilling, ask them where it is going to go.

SM Energy, through the Extraction and Crestone Peak entities, is effectively the only operator. Land records run through the Broomfield Clerk and Recorder.

Colorado does follow the first marketable product rule under Rogers v. Westerman, so gathering and compression to make gas marketable are not deductible from your check. Send us a statement and we will value the decline honestly.