Two Colorado Court Challenges Involve Dangerous Precedents

摘要

Denver-The Colorado Supreme Court in December was considering two cases with potentially very negative ramifications for the state's oil and gas industry, reports the Colorado Oil & Gas Association. In the first, Petron v. Washington County, Washington County, Co., is seeking to extend the Supreme Court's "marketable product" doctrine for natural gas royalties to property tax valuations by arguing that post-production costs should not be deductible in assessing the value of oil and gas production, says COGA Senior Vice President and General Counsel Ken Wonstolen in an article prepared for the COGA Flowline.