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Ursa makes good on $5.8M tax debt to Garfield County


Former Garfield County natural gas operator Ursa Resources, which filed for bankruptcy last year, has paid the county $5.8 million in back property taxes for 2019 that had been in question given the company’s financial problems.
Garfield County Treasurer Carrie Couey said in a Monday press release that her office and the county attorney’s office worked throughout the fall to obtain the funds owed mostly to several local taxing districts, and to the county.
“Garfield County has continued to look out for the interests of its citizens,” Couey said in the release. “We are pleased that the efforts have come to fruition.” ....

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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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