On December 12, 2023, the Colorado Supreme Court heard oral argument in Great Northern Properties LLLP v. Extraction Oil and Gas Inc. et al., 2022SC805, about whether the centerline presumption applies to minerals in Colorado. This type of dispute arises when an...
There is a sign near the Casper airport that reads: “Oil and Gas Pay Most Our Taxes.” In a State with no income tax, no franchise tax, no transfer taxes and low sales tax rates, the sign sums up a known truth: taxes on mineral production are the primary revenue...
On June 19, 2017, the Colorado Supreme Court ruled against the petition of Kinder Morgan CO2 Co., LP -- the operator of oil and gas leaseholds -- disputing the Montezuma County Assessor's 2009 corrective tax assessment on leaseholds for the prior tax year which...