07152015 lcg oil&gasfor web

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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

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

Colorado Oil Production (bbls) YTD Through May 2nd 2015 Oil ProducEon (In Barrels) by County as of May 2015 Data from ColoradoColorado Oil & Gas ConservaEon Commission Data Oil & Gas Conservation Commission

Arapahoe Barrels: 605,787 1.8%

Lincoln Barrels: 446,539 1.3% All Others Barrels: 1,389,558 4.1%

Garfield Barrels: 478,373 1.4%

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.

Rio Blanco Barrels: 1,424,427 4.2%

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)

Weld Barrels: 29,845,876 87.3%

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 Total Colorado real estate properties in one tax area are in the same overlapping tax district. While each Barrels: 34,190,560 tax district sets its own mill levy, the sum of the individual district levies within the tax Total Colorado Barrels: 34,190,560 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 Weld County Assessed Oil & Gas Values by Area 2014 Weld County Assessed Oil & Gas Values by Area 2014 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 Top 10 CiSes Oil & Gas: 5.13% All Others for each one thousand dollars of assessed value. For example a tax area with a mill levy Oil & Gas: 79,290,380 Mead 1.30% Oil & Gas: 16,864,560 of 75.554, a residential property owner pays approximately $75.55 for every $1000 in as0.28% Johnstown sessed value he/she has. The breakdown in each tax area shows the tax districts and the Oil & Gas: 17,979,350 0.29% levies within the area. The total levy for the districts within an area equals the levy which Severance Oil & Gas: 18,673,640 is multiplied by assessed value to determine property taxes.” 0.30% Erie Now having talked about the technical side, let us discuss the impact that the rural Oil & Gas: 22,658,160 (unincorporated) areas have to deal with. Producing 93.6% of the oil in the state so far 0.37% this year, we can estimate that they have 93% of the oil & gas traffic. Being a little less Dacono Oil & Gas: 26,714,710 than 4,000 square miles Weld County has 700 miles of hard surface roads, 2,300 miles of 0.44% Weld County gravel roads and over 500 bridges to maintain. Weld County has one of the largest County Hudson Oil & Gas: 5,738,450,910 Oil & Gas: 36,695,790 Public Works Department in the state with a very aggressive construction and mainte0.60% 93.57% nance effort. The CR 49 project is the largest currently active road project in the state Frederick Oil & Gas: 36,963,140 0.60%

See page 3

Firestone Oil & Gas: 40,321,950 0.66% Milliken Oil & Gas: 40,472,710 0.66% Greeley Oil & Gas: 57,421,240 0.94%

WHAT’S IN THIS ISSUE: Total Weld County Total Weld County Oil & Gas: 6,132,506,540 Oil & Gas: 6,132,506,540

Weld County Assessed Residential Values by Area 2014 Weld County Assessed ResidenKal Values by Area 2014

Top 10 CiKes ResidenKal: 39.44% Severance ResidenKal: 25,771,530 1.24%

Eaton ResidenKal: 22,809,700 1.24%

Mead ResidenKal: 28,335,530 1.36%

All Others ResidenKal: 106,678,510 5.13%

Evans ResidenKal: 53,965,930 2.59%

Weld County ResidenKal: 1,153,472,240 55.43%

Frederick ResidenKal: 60,429,070 2.90%

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

Page 3: Way of the World Page 11: Net Petroleum Exports Continue to Increase

Page 14: Weld County Assessor Article

Johnstown ResidenKal: 58,880,610 2.83%

Windsor ResidenKal: 101,773,520 4.89%

Page 2: Tommy Holton Letter on Impact of Oil & Gas

Page 12: Waiting For Chapter 10. What is the State Water Plan?

Firestone ResidenKal: 58,161,240 2.79%

Erie ResidenKal: 94,959,160 4.56%

Page 2: Jon Caldera letter to Editor

Greeley ResidenKal: 315,718,440 15.17%

Page 14: Weld County Treasurer Article Page 15: John Suthers Page 18: Weld County & Anadarko Bring Water to Watenburg Page 21: Bernie Sanders & Donald Trump

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


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07152015 lcg oil&gasfor web by Lost Creek Guide - Issuu