Colorado- Oil & Gas

摘要

Supreme Court Upholds Retroactive Assessment of Oil and Gas Leasehold Taxes Where Value Was Underreported In Kinder Morgan CO2 Co. v. Montezuma County Board of Commissioners, 2017 CO 72, 396 P.3d 657, the Colorado Supreme Court affirmed the court of appeals decision upholding a retroactive tax assessment of additional oil and gas leasehold taxes. The court of appeals decision was reported in Vol. XXXII, No. 3 (2015) of this Newsletter. The Colorado Supreme Court found that "the statutory scheme authorized the retroactive tax assessment in this case." 2017 CO 72,12. The case involves tax on carbon dioxide (C02) produced from the McElmo Dome Unit in Montezuma and Dolores Counties. The CO2 is transported through the Cortez Pipeline across New Mexico to Texas, where it is sold to oil and gas operators who inject it to enhance oil recovery. Id. f 12.