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Bankrupt Ursa pays $5 8 million in back taxes in Garfield County

The county announced the payment for 2019 taxes, due last year, in a news release Monday. “The payment may ease concerns expressed by western Garfield County taxing authorities running on already lean budgets,” the county said in the release. Ursa filed for bankruptcy in September. At the time, officials said it owed $5.3 million to the Garfield County Treasurer’s Office. In November, a bankruptcy court approved Ursa’s $60 million sale of its Piceance Basin natural gas assets to Terra Energy Partners. According to the county, Ursa’s 2020 tax obligations payable this year will be assumed by Terra Energy Partners as outlined in the sale agreement made between the companies.

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