07152015 lcg oil&gas for webt

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Events to Attend: It’s Fair Season. Attend Your Local Fair & Associated Events

Oil & Gas Issue

Volume 9 • Edition 32

July 15, 2015

Delivering over 21,000 papers to rural Adams, Morgan, and Weld Counties

Colorado Oil Production (bbls) YTD Through May 2nd 2015 Data from Colorado Oil & Gas Conservation Commission

Thank you to the Citizens of Rural (Unincorporated) Weld County

Year to date through May 2nd of this year Weld County was responsible for 87.3% of the oil production in the state of Colorado. In 2014 rural (unincorporated) assessed value for oil and gas properties represented 93.6% of the entire Weld County oil & gas assessed valuation. That same rural (unincorporated) area represented 55.4% of the residential assessed valuation in Weld County. Said another way 44.6% of our developed areas received the tax benefits provided by the Weld County Commissioners to all county residents, which was funded by oil & gas taxes. Looking at our neighboring counties mill levies in 2014: County Mill Levy Adams 26.815 Boulder 25.120 Larimer 22.520 Weld 16.804 (Note: in 2015 the Weld Mill levy will be 15.800)

Total Colorado Barrels: 34,190,560

Weld County Assessed Oil & Gas Values by Area 2014

Now when you get your tax bill it has all the mill levies associated with your property. Weld County tax assessor explains why that looks complicated. “Each tax area represents a unique combination of tax districts within Weld County. All real estate properties in one tax area are in the same overlapping tax district. While each tax district sets its own mill levy, the sum of the individual district levies within the tax district is used to calculate the property tax paid for property within the tax area. Each tax area consists of different combinations of tax districts. Therefore, the mill levies for most, if not all areas differ. There are 304 tax authorities in Weld County. These overlap in a way that creates over 3,070 tax areas. The mill levy of each tax area represents the number of dollars of property taxes levied for each one thousand dollars of assessed value. For example a tax area with a mill levy of 75.554, a residential property owner pays approximately $75.55 for every $1000 in assessed value he/she has. The breakdown in each tax area shows the tax districts and the levies within the area. The total levy for the districts within an area equals the levy which is multiplied by assessed value to determine property taxes.” Now having talked about the technical side, let us discuss the impact that the rural (unincorporated) areas have to deal with. Producing 93.6% of the oil in the state so far this year, we can estimate that they have 93% of the oil & gas traffic. Being a little less than 4,000 square miles Weld County has 700 miles of hard surface roads, 2,300 miles of gravel roads and over 500 bridges to maintain. Weld County has one of the largest County Public Works Department in the state with a very aggressive construction and maintenance effort. The CR 49 project is the largest currently active road project in the state

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What’s In This Issue: Total Weld County Oil & Gas: 6,132,506,540

Weld County Assessed Residential Values by Area 2014

Page 2: Jon Caldera letter to Editor Page 2: Tommy Holton Letter on Impact of Oil & Gas Page 3: Way of the World Page 11: Net Petroleum Exports Continue to Increase Page 12: Waiting For Chapter 10. What is the State Water Plan? Page 14: Weld County Assessor Article Page 14: Weld County Treasurer Article Page 15: John Suthers Page 18: Weld County & Anadarko Bring Water to Watenburg

Total Weld County Residential: 2,080,955,480

Page 21: Bernie Sanders & Donald Trump


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