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Corrections: May 23, 2024 | The Herald Times | Serving Meeker, Rangely, Dinosaur & Northwest Colorado

Corrections: May 23, 2024 | The Herald Times | Serving Meeker, Rangely, Dinosaur & Northwest Colorado
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Slow but steady: Gas drilling up a bit last year from deep lows, but didn't mirror big price rises

Local natural gas drilling levels last year recovered slightly from particularly low levels in 2021, though not as much as might be expected given soaring prices for the commodity in

United statesFront rangeRio blancoGarfield countyUnited kingdomWeld countyMesa countyUinta basinRio blanco countyKirby wynnDavid keyteGarfield county energy advisory boardCaerus oilTerra energy partnersLaramie energyPiceance holdings

Slow but steady: Gas drilling up a bit last year from deep lows, but didn't mirror big price rises

Local natural gas drilling levels last year recovered slightly from particularly low levels in 2021, though not as much as might be expected given soaring prices for the commodity in 2022. Why not? “I think.

United statesRio blancoMesa countyRio blanco countyWeld countyFront rangeGarfield countyUnited kingdomUinta basinKirby wynnDavid keyteRayk erkuUs energy information administrationCaerus oilMesa county assessor officeEnergy information administration

Rio Blanco largely prevails over gas firm tax valuation

A state board agrees with Rio Blanco County that an energy companyâs 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. Thatâs a downward adjustment from the $32.1 million value that the Rio Blanco County Assessorâs 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