Colorado has a rich history of oil and gas and mineral production, making it a target area for CP royalties when buying mineral rights, oil royalties and gas royalties. With areas like the Niobrara in Northeastern Colorado (as well as in parts of Wyoming and Nebraska), and the Paradox Basin in Southwest Colorado (extending into Utah, Arizona and New Mexico), there are many opportunities for purchasing mineral rights, oil royalties and gas royalties in Colorado.
The Niobrara shale formation is primarily an oil play, located in the Denver-Julesburg Basin–which has been a strong oil and gas producer. The Niobrara is still in its earlier stages, but companies have already been leasing land for future activity. The Paradox Basin is a foreland basin that runs elongated northwest to southeast. Its total size is about 33,000 square miles, running more than 15,000 feet thick in certain places.