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A state board agrees with Rio Blanco County that an energy company’s gas gathering and processing personal property assets in the county are worth far more than what the company paid Encana for them and other holdings in 2017. The Colorado Board of Assessment Appeals has decided that the assets in question, owned by Utah Gas Corp., had an actual value for tax purposes of about $29.6 million for the 2019 tax year. That’s a downward adjustment from the $32.1 million value that the Rio Blanco County Assessor’s Office had put on the assets, but Utah Gas Corp. had argued they should have been valued at $6.5 million.

Rio blancoUnited statesUinta basinRio blanco countyGrand junctionGrand countyJeff rectorRenae neilsonRio blanco county assessor officeUtah gas corpColorado boardAssessment appealsRio blanco county assessorUtah gasDragon trailBlanco county assessor renae neilson