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Northern Water, environmental groups settle legal battle over Chimney Hollow Reservoir – BizWest


DENVER The Northern Water Municipal Subdistrict has reached an agreement with a cadre of environmental groups to settle federal litigation to halt plans to build the Chimney Hollow Reservoir west of Berthoud, ending 18 years of fighting and litigation over the project.
In a statement, Northern Colorado Water Conservancy District said it will pay $15 million over multiple years to the Grand Foundation, a nonprofit dedicated to Colorado River watershed protection in Grand County. In exchange, Save the Colorado, Save the Poudre, WildEarth Guardians, Living Rivers, Waterkeeper Alliance and the Colorado Sierra Club will drop their
joint lawsuit that was most recently brought into the federal appeals court in February. ....

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Farr Farms sues PDC Energy, claiming underpayment on royalties – BizWest


DENVER A company long controlled by a prominent Greeley-area farming family is suing Denver-based energy producer PDC Energy Inc. (Nasdaq: PDCE), alleging that it was underpaid royalties for production on its property for 25 years.
In the complaint filed Monday in Denver County District Court, Farr Farms Co. claims that it has consistently been paid less than what it is owed in royalties based on the market price of the oil because the Denver-based company deducted midstream and downstream costs from the farms’ payments without proper disclosure.
The lease for the minerals was first enacted in 1981. PDC acquired that lease in 2005 from a now-defunct oil producer. The suit does not specify how much Farr Farms claims it is owed. ....

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