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Home My WebLink About20030319.tiff RESOLUTION RE: DENY PETITION FOR ABATEMENT OR REFUND OF TAXES -SHEPLER AND THOMAS, INC. WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and WHEREAS, the Board of County Commissioners of Weld County, State of Colorado, at a duly and lawfully called regular meeting held on the 3rd day of February, 2003, at which meeting there were present the following members: Chair David E. Long and Commissioners M. J. Geile, Robert D. Masden, and Glenn Vaad, with Commissioner William H. Jerke being excused, and WHEREAS, notice of such meeting and an opportunity to be present has been given to the taxpayer and the Assessor of said County, and said Assessor, Stan Sessions, being represented by Mary Hazen, and taxpayer Shepler and Thomas, Inc., do Logan and Firmine, Inc., being present, and WHEREAS, the Board of County Commissioners have carefully considered the attached petition, and are fully advised in relation thereto. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the Board concurs with the recommendation of the assessor and the petition be and hereby is, denied, and an abatement refund not be allowed as follows: ASSESSED TOTAL TAX VALUATION TAX AMOUNT YEAR $348,470.00 $30,105.40 2000 2003-0319 AS0054 ('0 , ,'3 /27- 'd TAX ABATEMENT PETITION - SHEPLER AND THOMAS PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 3rd day of February, A.D., 2003. BOARD OF COUNTY COMMISSIONERS WEL OUN , COLORADO ATTEST: L 4 �'t 6 , D id E. Lon , Ch it Weld County Cler; ! g Its r kno Z !n obert D. asden, Pro-Tem BY: Deputy Clerk to the R' 2 f'�2t..� M. J. Geile APPROVE S TO FOr VI ) Y C Willia H. Jerk Attorney G enn Vaad -- Date of signature: a/o 2003-0319 AS0054 PETITION FOR ABATEMENT OR REFUND OF TAXES Please submit in duplicate copies and answer all questions. County Name Weld Date Received 2002. 33 Use Assessor's or Commissioners'Date Stamp RECEIVED PETITIONER: Complete Section I on this side only DEC 1 f.. 2002 Section I: WELD COUNTY ASSESSOR Date: Dec. 26 2002 Greeley, Colorado Month Day Year Petitioner's Name: Shepler & Thomas, Inc. Petitioner's mailing address: c/o Logan & Firmine,ne, Inc. 333 W. Hampden Ave. , #740 Englewood CO 80110 City or Town suite Zip Code SCHEDULE OR PARCEL NUMBER(S) PROPERTY ADDRESS OR LEGAL DESCRIPTION OF PROPERTY See Attached Schedules Variour Petitioner states that the taxes assessed against the above property for property tax year(s) 2000 are incorrect for the following reasons: (Briefly describe the circumstances surrounding the incorrect value or tax. (The petitioners estimate of actual value must be included.) Attach additional sheets if necessary. The 2000 Oil and Gas Returns for Shepler & Thomas, Inc. did not take allowable deductions. Assessed Value Tax Original 910,920 $78,283.02 Corrected 562,450 48,177.62 Abate/Refund 348,470 30,105.40 Assessed Value 562,450 Petitioner's estimate of actual value$642,800 (2000 )and $ �) Value Year Value Year Petitioner requests an abatement or refund of the appropriate taxes associated with a reduction in value. I declare, under penalty of perjury in the second degree,that this petition,together with any accompanying exhibits or statements, has been examined by me,and to the best of my knowledge, information and belief, is true,correct and complete. Shepler & Thomas, Inc. Daytime Phone Number¢05) 340-4300 Petitions?.Signatyre By Richard D. Logan f /� /k Daytime Phone Number$03) 761 -R260 Agent's Sig atom* /24G 41 — *Letter of agency must be attached when petition is submitted. Every petition for abatement or refund filed pursuant to section 39-10-114,C.R.S.,shall be acted upon pursuant to the provisions of this section by the board of county commissioners or the assessor,as appropriate,within six months of the date of filing such petition. 39-1-113(1.7), C.R.S. Section II: Assessor's Use Only Tax Year Tax Year Assessed Value Tax Assessed Value Tax Original Corrected Abate/Refund 2003-0319 (FOR ASSESSORS AND COUNTY COMMISSIONERS USE ONLY) RESOLUTION OF COUNTY COMMISSIONERS Resolution No. Section I: In accordance with 39-1-113(1.5), C.R.S.,the commissioners of County authorize eisor to review petitions for abatement or refund and to settle by written mutual agreement any such petition for abatement or refund in an amount of one thousand dollars or less per tract, parcel,or lot of land or per schedule of personal property. The assessor and petitioner mutually agree to an assessed value and tax abatement/refund of: Tax Year Tax Year Assessed Value Tax Assessed Value Tax Original Corrected Abate/Refund PLEASE NOTE:THE TOTAL TAX AMOUNT DOES NOT INCLUDE ACCRUED INTEREST, PENALTIES,AND FEES ASSOCIATED WITH LATE AND/OR DELINQUENT TAX PAYMENTS, IF APPLICABLE. PLEASE CONTACT YOUR COUNTY TREASURER FOR FULL PAYMENT INFORMATION. Petitioner's Signature Date Assessor's or Deputy Assessor's Signature Date If Section I is not complete and/or if petition is for more than$1,000, Section II must be completed. Submit an original petition and a copy to the Division of Property Taxation. Section II: Assessor's recommendation: ❑ Approved or❑ Approved in part$ No protest filed in or . (If a protest was filed, please attach a copy of NOD.) Fa-Denied for the followin reason(s): Ai c.&29 . c.2 etc,/ x,o,, t,y 7cd� 1�//5 r�/J� Assessors or sso 5I nature 1/ Section III: WHEREAS,The County Commissioners of County, State of Colorado, at a duly and lawfully called regular meeting held on / / , at which meeting there were present the following mo day yr members: with notice of such meeting and an opportunity to be present having been given to the taxpayer and the Assessor of said County and Assessor (being present/not present)and Name petitioner (being present/not present),and WHEREAS,The said Name County Commissioners have carefully considered the within petition, and are fully advised in relation thereto, NOW BE IT RESOLVED,That the Board(agrees/does not agree)with the recommendation of the assessor and the petition be(approved/denied)and an abatement/refund be(approved/denied)for property tax year(s) and . The taxes to be abated/refunded for property tax year are$ which represents an assessed value of$ and the taxes to be abated/refunded for property tax year are$ which represents an assessed value of$ . Chairperson of the Board of County Commissioners'Signature I, County Clerk and Ex-officio Clerk of the Board of County Commissioners in and for the aforementioned county,do hereby certify that the above and foregoing order is truly copied from the record of the proceedings of the Board of County Commissioners. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said County at ,this day of , Time Date Month Year County Clerk's or Deputy County Clerk's Signature ACTION OF THE PROPERTY TAX ADMINISTRATOR Denver, Colorado, Month Day Year The action of the Board of County Commissioners, relative to the within petition, is hereby ❑ Approved; n Approved in part$ ; ❑ Denied for the following reason(s): Secretary's Signature Property Tax Administrator's Signature G:\USR\...\ABATEIF0RM REV 2 SHEPLER&THOMAS,INC. PETITION FOR REFUND OF TAXES-2000 TAXES(1999 PRODUCTION YEAR) Original Abate.! Assessed Assessed Refund Balance Direct Return on Return of Value of Production Assessed Abate.! Assessed Operating Investment Investment Total 95% Allowable Exempt Royalty Assessment Allowable Production Schedule No. Well Name County Value Original Tax Value Refund Tax Value Balance Tax Expenses (ROI) (Ron) Deduction Limitation Deductions Percentage Ratio Deduction Tax Refund Tax District Tax Rate 00116588 Bernhardt?-1 Weld 8,420 • 710.38 5,590 471.62 2,830 238.76 5,660 97 627 6,384 9.142 6,384 0.00000% 0.8750 5590 471.62 550 0.084368 O0070589 Bernhardt7-2 Weld 4,910 414.24 4,660 393.15 250 21.09 5.660 97 627 6,384 5,331 5,331 0.00000% 0.8750 4660 393.15 550 0.084368 04637386 Brown 20-1 Weld 5,790 486.56 3,930 330.26 1,860 156.30 4,160 12 313 4,486 6.286 4,486 0.00000% 0.8750 3930 330.26 520 0.084036 04637486 Brown 20-2 Weld 7,490 629.42 4,230 355.47 3,260 273.95 4.460 14 355 4,829 8.132 4,829 0.00000% 0.8750 4230 355.47 520 0.084036 04644886 Brown 30-2 Weld 16,800 1,416.90 5.240 441.94 11,560 974.96 5,660 12 313 5,986 18.240 5,986 0.00000% 0.8750 5240 441.94 542 0.084339 00159787 Brown-MCCarty30-5 Weld 13,050 1.100.62 5.540 467.24 7,510 633.38 5,660 48 627 6.335 14.169 6,335 0.00000% 0.8750 5540 467.24 542 0.084339 00253988 Carlson 18-1 Weld 7,760 652.12 5,240 440.35 2.520 211.77 5,660 12 313 5,986 8.425 5,986 0.00000% 0.8750 5240 440.35 520 0.084036 00254088 Carlson 18-2 Weld 13.140 1,104.24 5.240 440.35 7,900 663.89 5,660 12 313 5,986 14.266 5,986 0.00000% 0.8750 5240 440.35 520 0.084036 00254188 Carlson 18-3 Weld 17.740 1,490.80 5,540 465.56 12,200 102524 5.660 48 627 6,335 19,261 6,335 0.00000% 0.8750 5540 465.56 520 0.084036 00159987 Christenson 8-19 Weld 10,020 899.76 5,540 497.48 4.480 402.28 5.660 48 627 6,335 10,879 6,335 0.00000% 0.8750 5540 497.48 732 0.089797 04634686 Coming 17-1 Weld 3,030 254.63 2,880 242.02 150 12.61 5,660 12 313 5,986 3.290 3,290 0.00000% 0.8750 2880 242.02 520 0.084036 04634686 Coming 17-2 Weld 3,030 254.63 2,880 242.02 150 12.61 5,660 12 313 5,986 3,290 3,290 0.00000% 0.8750 2880 242.02 520 0.084036 04634886 Coming 17-3 Weld 0 0.00 0 0.00 0 0.00 210 12 313 535 0 0 0.00000% 0.8750 0 0.00 520 0.084036 04637186 Evans-Stroh 20-1 Weld 14,880 1,250.46 5,240 440.35 9,640 810.11 5,660 12 313 5,986 16.155 5,986 0.00000% 0.8750 5240 440.35 520 0.084036 00165292 Every-Brooks 18-1 Weld 7,320 615.14 4,190 352.11 3,130 263.03 4,460 12 313 4,786 7.947 4,786 0.00000% 0.8750 4190 352.11 520 0.084036 00304894 Fields-Nelson 34-1 Weld 5,700 622.68 3,640 397.64 2.060 225.04 4,160 0 0 4,160 6,189 4,160 0.00000% 0.8750 3640 397.64 578 0.109243 00159887 Hoshiko 1-2 Weld 16,000 1,436.76 5,540 497.48 10,460 939.28 5.660 48 627 6,335 17,371 6,335 0.00000% 0.8750 5540 49748 738 0.089797 00116288 Hoshiko 2-2 Weld 69,370 6,229.22 5,590 501.97 63,780 5,727.25 5,660 97 627 6,384 75,316 6.384 0.00000% 0.8750 5590 501.97 738 0.089797 00116688 Kielian 2-1 Weld 33,820 2,853.33 5,590 471.62 28,230 2.381.71 5,660 97 627 6,384 36,719 6.384 0.00000% 0.8750 5590 471.62 552 0.084368 00116688 Kielian 2-2 Weld 33,820 2.853.33 5,120 431.96 28,700 2,421.37 5,660 26 170 5,856 36.719 5.856 0.00000% 0.8750 5120 431.96 552 0.084368 01632286 Kinzer28-1 Weld 8,490 716.98 4,560 385.09 3,930 331.89 5,210 0 0 5,210 9,218 5,210 0.00000% 0.8750 4560 385.09 556 0.084450 00243693 McCarty 28-1 Weld 9,530 803.76 5,540 467.24 3,990 336.52 5,660 48 627 6,335 10.347 6,335 0.00000% 0.8750 5540 467.24 542 0.084339 00243593 McCarty 28-2 Weld 13,600 1,147.02 5,540 467.24 8,060 679.78 5,660 48 627 6,335 14,766 6,335 0.00000% 0.8750 5540 467.24 542 0.084339 00243793 McCarty28-3 Weld 13,430 1,132.67 5.540 467.24 7,890 665.43 5,660 48 627 6,335 14,581 6,335 0.00000% 0.8750 5540 467.24 54 0.084339 00243793 McCarty28-4 Weld 13.430 1,132.67 5.110 430.97 8,320 701.70 5,660 13 170 5,843 14,581 5,843 0.00000% 0.8750 5110 430.97 54 0.084339 00243893 McCarty 28-5 Weld 7,540 635.92 5,590 471.46 1,950 164.46 5.660 97 627 6,384 8,186 6,384 0.00000% 0.8750 5590 471.46 54 0.084339 00243993 McCarty28-6 Weld 11,540 973.27 5,590 471.46 5.950 501.81 5,660 97 627 6,384 12,529 6,384 0.00000% 0.8750 5590 471.46 54 0.084339 00243993 McCarty 28-7 Weld 11.540 973.27 5.120 431.82 6.420 541.45 5,660 26 170 5,856 12,529 5.856 0.00000% 0.8750 5120 431.82 542 0.084339 O0244093 McCarty28-8 Weld 11.340 956.40 5.630 474.83 5.710 481.57 5,660 145 627 6,432 12,312 6,432 0.00000% 0.8750 5630 474.83 542 0.084339 04644586 McCarty 30-1 Weld 8,250 695.80 4.170 351.69 4.080 344.11 4,760 0 0 4,760 8.957 4.760 0.00000% 0.8750 4170 351.69 542 0.084339 04644486 McCarty30-2 Weld 10.820 912.55 5,280 445.31 5,540 467.24 5,660 14 355 6,029 11,747 6.029 0.00000% 0.8750 5280 445.31 542 0.084339 04644486 McCarty30-3 Weld 10,820 912.55 5,220 440.25 5.600 472.30 5,660 11 291 5,963 11,747 5,963 0.00000% 0.8750 5220 440.25 542 0.084339 00160187 McCarty 30-4 Weld 6,990 589.52 5,540 467.24 1.450 122.28 5,660 48 627 6,335 7,589 6,335 0.00000% 0.8750 5540 467.24 542 0.084339 00309994 McCarty 31-1 Weld 4,130 348.32 3,920 330.61 210 17.71 5,660 12 313 5,986 4,484 4,484 0.00000% 0.8750 3920 330.61 542 0.084339 Page 1 of 3 • SHEPLER&THOMAS,INC. PETITION FOR REFUND OF TAXES-2000 TAXES(1999 PRODUCTION YEAR) Original Abate./ Assessed Assessed Refund Balance Direct Return on Return of Value of Production Assessed Abate.! Assessed Operating Investment Investment Total 95% Allowable Exempt Royalty Assessment Allowable Production Schedule No. Well Name County Value Original Tax Value Refund Tax Value Balance Tax Expenses (ROI) (Rog) Deduction Limitation Deductions Percentage Ratio Deduction Tax Refund Tax District Tax Rate 00304994 McDowell 34-1 Weld 3,800 415.12 3.610 394.37 190 20.75 5.660 0 0 5.660 4.126 4,126 0.00000% 0.8750 3610 394.37 578 0.109243 01631386 Mellon 28-1 Weld 13.640 1,151.90 3.900 329.36 9,740 822.55 4.460 0 0 4,460 14,809 4,460 0.00000% 0.8750 3900 329.36 556 0.084450 01631686 Mellon 28-2 Weld 12,730 1.075.04 4,950 418.03 7,780 657.01 5.660 0 0 5,660 13,821 5,660 0.00000% 0.8750 4950 418.03 556 0.084450 01631586 Mellon 28-3 Weld 13,200 1,114.74 4,950 418.03 8,250 696.71 5.660 0 0 5,660 14,331 5,660 000000% 0.8750 4950 418.03 556 0.084450 01636786 Miller32-1 Weld 10,300 865.58 4,950 415.98 5.350 449.60 5.660 0 0 5,660 11,183 5.660 0.00000% 08750 4950 415.98 520 0.084036 01638486 Moser 41 Weld 4,320 363.04 4,100 344.55 220 18.49 5,660 0 0 5,660 4,690 4.690 0.00000% 08750 4100 344.55 520 0.084036 01637586 Moser 12-33 Weld 14,930 1,254.66 5,240 440.35 9,690 814.31 5,660 12 313 5,986 16,210 5,986 0.00000% 0.8750 5240 440.35 520 0.084036 01637686 Moser 23-33 Weld 60,710 5,101.82 5.220 438.67 55,490 4,663.15 5,660 12 313 5,986 66,157 5,986 0.36730% 0.8750 5220 438.67 520 0.084036 00160387 Moser 34-33 Weld 60,060 5,047.20 5,520 463.88 54,540 4,58332 5,660 48 627 6,335 65,448 6,335 0.36730% 0.8750 5520 463.88 520 0.084036 04636386 Nygren 19-1 Weld 9,755 819.77 4,950 415.98 4,805 403.79 5,660 0 0 5,660 10,591 5,660 0.00000% 0.8750 4950 415.98 520 0.084036 04636386 Nygren 19-2 Weld 9,755 819.77 4,950 415.98 4,805 403.79 5.660 0 0 5,660 10,591 5.660 0.00000% 0.8750 4950 415.98 520 0.084036 00115888 Oster 10-1 Weld 10,670 1,182.64 5,580 618.47 5,090 564.17 5,660 97 627 6,384 11,601 6,384 0.14203% 0.8750 5580 618.47 2112 0.110837 00115788 Oster 10-2 Weld 8,490 927.48 5,580 609.58 2,910 317.90 5,660 97 627 6.384 9,231 6,384 0.14203% 0.8750 5580 609.58 468 0.109243 O0072489 Oster 10-3 Weld 7,770 848.82 5.630 615.04 2,140 233.78 5,660 145 627 6.432 8,436 6.432 0.00000% 0.8750 5630 615.04 468 0.109243 01636186 Parish 32-1 Weld 11,930 1,002.54 5,540 465.56 6.390 536.98 5,660 48 627 6.335 12,953 6.335 0.00000% 0.8750 5540 465.56 509 0.084036 01636286 Parish 32-2 Weld 13.610 1,143.72 5,540 465.56 8,070 678.16 5.660 48 627 6.335 14,777 6,335 0.00000% 0.8750 5540 465.56 509 0.084036 00159587 Purvis 10-1 Weld 12,760 1,077.58 5,540 467.85 7,220 609.73 5,660 48 627 6,335 13.854 6,335 0.00000% 0.8750 5540 467.85 556 0.084450 00116088 Purvis 10-2 Weld 6,410 541.32 5,590 472.08 820 69.24 5,660 97 627 6,384 6,959 6,384 0.00000% 0.8750 5590 472.08 556 0.084450 01636486 Rieder32-1 Weld 17,870 1,501.72 4,950 415.98 12,920 1,085.74 5.660 0 0 5,660 19.402 5,660 0.00000% 0.8750 4950 415.98 520 0.084036 00258793 Schwalm-Ulmann 18-1 Weld 12,190 1,024.40 4,950 415.98 7,240 608.42 5,660 0 0 5,660 13.235 5,660 0.00000% 0.8750 4950 415.98 520 0.084036 01630286 Smith-Reeves 27-1 Weld 860 92.66 820 88.35 40 4.31 3,860 0 0 3,860 934 934 0.00000% 0.8750 820 88.35 585 0.107738 O4564786 Spaur 10-1 Weld 6,160 520.22 5.240 442.52 920 77.70 5,660 12 313 5,986 6,688 5,986 0.00000% 0.8750 5240 442.52 556 0.084450 00159487 Spaur 10-2 Weld 9.310 786.22 5,540 467.85 3,770 318.37 5,660 48 627 6,335 10,108 6,335 0.00000% 0.8750 5540 467.85 556 0.084450 00115988 Spaur 10-3 Weld 20,240 1,709.26 5,590 472.08 14,650 1,237.18 5,660 97 627 6,384 21,975 6,384 0.00000% 0.8750 5590 472.08 556 0.084450 01607186 Stephens-Foe 10-1 Weld 15,850 1,378.14 4,950 43040 10,900 947.74 5.660 0 0 5,660 17,209 5,660 0.00000% 0.8750 4950 430.40 429 0086949 01606786 Stephens-Foe 10-2 Weld 10,850 943.40 4,950 430.40 5,900 513.00 5.660 0 0 5.660 11.780 5.660 0.00000% 0.8750 4950 430.40 429 0.086949 01606886 Stephens-Foe 10-3 Weld 0 0.00 0 0.00 0 0.00 5.660 12 313 5,986 0 0 0.00000% 0.8750 0 0.00 400 0.086535 01606986 Stephens-Foe 10-4 Weld 8,850 769.50 5,240 455.61 3.610 313.89 5,660 12 313 5,986 9,609 5.986 0.00000% 0.8750 5240 455.61 429 0.086949 00116188 Stroh 14-1 Weld 9,150 74436 5,590 45475 3,560 289.61 5,660 97 627 6,384 9,934 6,384 0.00000% 0.8750 5590 454,75 554 0.081351 00116488 Stroh 14-2 Weld 9,010 732.98 5,590 454.75 3,420 278.23 5,660 97 627 6.384 9,782 6,384 0.00000% 0.8750 5590 454.75 554 0.081351 04791586 UCLI 6-1 Weld 6,795 573.08 4,950 417.48 1,845 15560 5,660 0 0 5,660 7,377 5,660 0.00000% 0.8750 4950 417.48 542 0.084339 04791586 UCLI 6-2 Weld 6,795 573.08 4,950 417.48 1,845 155.60 5,660 0 0 5,660 7,377 5.660 0.00000% 0.8750 4950 417.48 542 0.084339 00159387 UCLI 6-3 Weld 21.240 1,791.36 5,540 467.24 15.700 1,324.12 5,660 48 627 6,335 23,061 6,335 0.00000% 0.8750 5540 467.24 542 0.084339 01607586 Warren 10-1 Weld 11,240 97730 4,950 43040 6,290 546.90 5,660 0 0 5,660 12,203 5,660 0.00000% 0.8750 4950 430.40 429 0.086949 Page 2 of 3 SHEPLER S THOMAS,INC. PETITION FOR REFUND OF TAXES-2000 TAXES(1999 PRODUCTION YEAR) Original Abate./ Assessed Assessed Refund Balance Direct Return on Return of Value of Production Assessed Abate./ Assessed Operating investment Investment Total 95% Allowable Exempt Royalty Assessment Allowable Production Schedule No. Well Name County Value Original Tax Value Refund Tax Value Balance Tax Expenses (ROI) (Rofl) Deduction Limitation Deductions Percentage Ratio Deduction Tax Refund Tax District Tax Rate 01625986 Wiedeman 21-1 Weld 8,090 68320 4,950 418.03 3,140 265.17 5,660 0 0 5,660 8,783 5,660 0.00000% 0.8750 4950 418.03 556 0.084450 01625786 Wedeman 21-2 Weld 7.880 665.46 4,950 418.03 2,930 247.43 5.660 0 0 5,660 8.555 5.660 0.00000% 0.8750 4950 418.03 556 0.084450 01632086 Williams 28-1 Weld 5,080 429.01 4,830 407.89 250 21.12 5,660 12 313 5,986 5,515 5,515 0.00000% 0.8750 4830 407.89 556 0.084450 01632086 Williams 28-2 Weld 5.080 429.01 4,830 407.89 250 21.12 5,660 3 85 5,749 5,515 5,515 0.00000% 0.8750 4830 407.89 556 0.084450 TOTAL WELD COUNTY 910,920 78,283.02 348,470 30,105.40 562,450 48,177.62 392,348 2,425 24,154 418,928 989.512 398,325 348,470 30,105.40 Page 3 of 3 SHEPLER&THOMAS,INC. 1999 Direct Operating Expenses DIRECT OPERATING EXPENSES TOTAL DIRECT Pumper Expense© Overhead© OPERATING Well Name County Field Supervision 80% Insurance 50% EXPENSES Bernhardt 7-1 Weld 1.236 1,814 210 2.400 5.660 Bernhardt 7-2 Weld 1,236 1.814 210 2.400 5.660 Brown 20-1 Weld 1,236 1.814 210 900 4.160 Brown 20-2 Weld 1,236 1.814 210 1,200 4,460 Brown 30-2 Weld 1,236 1,814 210 2.400 5.660 Brown-McCarty30-5 Weld 1.236 1,814 210 2.400 5,660 Carlson 18-1 Weld 1.236 1,814 210 2.400 5,660 Carlson 18-2 Weld 1.236 1.814 210 2.400 5,660 Carlson 18-3 Weld 1,236 1.814 210 2.400 5,660 Christenson 8-19 Weld 1,236 1.814 210 2,400 5.660 Coming 17-1 Weld 1,236 1,814 210 2,400 5,660 Coming 17-2 Weld 1.236 1,814 210 2,400 5,660 Coming 17-3 Weld 0 0 210 0 210 Evans-Stroh 20-1 - Weld 1,236 1,814 210 2.400 5,660 Every-Brooks 18-1 Weld 1.236 1,814 210 1.200 4,460 Fields-Nelson 34-1 Weld 1.236 1.814 210 900 4,160 Hoshiko 1-2 Weld 1,236 1.814 210 2,400 5.660 Hoshiko 2-2 Weld 1,236 1.814 210 2,400 5.660 Kielian 2-1 Weld 1,236 1,814 210 2.400 5,660 Kielian 2-2 Weld 1,236 1,814 210 2.400 5,660 Kinzer 28-1 Weld 1,236 1,814 210 1,950 5,210 McCarty 28-1 Weld 1.236 1,814 210 2.400 5,660 _ McCarty28-2 Weld 1,236 1,814 210 2,400 5,660 McCarty28-3 Weld 1,236 1,814 210 2.400 5,660 McCarty28-4 Weld 1,236 1.814 210 2,400 5.660 McCarty 28-5 Weld 1,236 1,814 210 2.400 5.660 McCarty28-6 Weld 1,236 1,814 210 2.400 5,660 MCCarty28-7 Weld 1,236 1,814 210 2.400 5,660 McCarty28-8 Weld 1,236 1,814 210 2,400 5,660 McCarty30-1 Weld 1,236 1,814 210 1,500 4,760 McCarty30-2 Weld 1,236 1.814 210 2.400 5.660 McCarty 30-3 Weld 1,236 1,814 210 2,400 5.660 McCarty30-4 Weld 1,236 1,814 210 2,400 5,660 McCarty 31-1 Weld 1,236 1,814 210 2,400 5.660 • Page 1 of 3 SHEPLER&THOMAS,INC. 1999 Direct Operating Expenses DIRECT OPERATING EXPENSES TOTAL DIRECT Pumper Expense @ Overhead a OPERATING Well Name County Field Supervision 80% Insurance 50% EXPENSES McDowell34-1 Weld 1,236 1,814 210 2.400 5,660 Mellon 28-1 Weld 1,236 1,814 210 1,200 4,460 Mellon 28-2 Weld 1,236 1,814 210 2,400 5,660 Mellon 28-3 Weld 1,236 1,814 210 2,400 5,660 Miller 32-1 Weld 1,236 1,814 210 2,400 5,660 Moser it1 Weld 1,236 1,814 210 2,400 5.660 Moser 12-33 Weld 1,236 1,814 210 2,400 5,660 Moser23-33 Weld 1,236 1,814 210 2,400 5,660 Moser34-33 Weld 1,236 1,814 210 2,400 5,660 Nygren 19-1 Weld 1.236 1.814 210 2,400 5,660 Nygren 19-2 Weld 1,236 1,814 210 2,400 5,660 Oster 10-1 Weld 1,236 1,814 210 2,400 5,660 Oster 10-2 Weld 1,236 1,814 210 2,400 5,660 Oster 10-3 Weld 1,236 1,814 210 2,400 5,660 Parish 32-1 Weld 1,236 1,814 210 2,400 5,660 Parish 32-2 Weld 1,236 1,814 210 2,400 5,660 Purvis 10-1 Weld 1,236 1,814 210 2,400 5,660 Purvis 10-2 Weld 1,236 1,814 210 2,400 5,660 Rieder 32-1 Weld 1,236 1,814 210 2,400 5,660 Schwalm-Ulmann 18-1 Weld 1,236 1,814 210 2,400 5,660 Smith-Reeves 27-1 Weld 1,236 1,814 210 600 3,860 Spaur 10-1 Weld 1,236 1,814 210 2,400 5,660 Spaur 10-2 Weld 1,236 1,814 210 2,400 5,660 Spaur 10-3 Weld 1,236 1,814 210 2,400 5,660 Stephens-Foe 10-1 Weld 1,236 1,814 210 2,400 5,660 Stephens-Foe 10-2 Weld 1,236 1,814 210 2,400 5,660 Stephens-Foe 10-3 Weld 1,236 1,814 210 2,400 5,660 Stephens-Foe 10-4 Weld 1,236 1,814 210 2,400 5,660 Stroh 14-1 Weld 1,236 1,814 210 2.400 5,660 Stroh 14-2 Weld 1,236 1,814 210 2.400 5,660 UCLI 6-1 Weld 1,236 1,814 210 2,400 5,660 UCLI 6-2 Weld 1,236 1,814 210 2,400 5,660 UCLI 6-3 Weld 1,236 1,814 210 2,400 5,660 Warren 10-1 Weld 1,236 1,814 210 2,400 5,660 Page 2 of 3 SHEPLER&THOMAS,INC. 1999 Direct Operating Expenses DIRECT OPERATING EXPENSES TOTAL DIRECT Pumper Expense 12 Overhead® OPERATING Well Name County Field Supervision 80% Insurance 50% EXPENSES Wedeman 21-1 Weld 1,236 1,814 210 2,400 5.660 Wedeman 21-2 Weld 1,236 1.814 210 2.400 5.660 Williams 28-1 Weld 1,236 1.814 210 2,400 5.660 Williams 28-2 Weld 1,236 1,814 210 2,400 5,660 TOTAL WELD COUNTY 87,756 128,822 15.120 160,650 392,348 Page 3 of 3 SHEPLER E.THOMAS,INC. HISTORICAL COST HISTORICAL DETAIL COST BY CATEGORY HISTORICAL DETAIL COST BY YEAR Wellhead Valve and TOTAL Well Name County Healer Treater Production Unit Separator Fittings Tanks Flowlines COSTS 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 TOTAL Bernhardt 7-1 Weld 4,621 0 0 1,617 2,079 456 8.773 0 0 0 0 8.773 0 0 0 0 0 0 0 0 0 0 0 0 8.773 Bemhardt7-2 Weld 4,621 0 0 1,617 2,079 456 8.773 0 0 0 0 8.773 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Brown 20-1 Weld 4,621 0 0 1,617 2,079 456 8,773 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8.773 Brown 20-2 Weld 0 5,776 0 1,617 2,079 456 9,928 0 0 9,928 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9.928 Brown 30-2 Weld 4,621 0 0 1,617 2,079 456 8,773 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Brown-McCarty 305 Weld 4,621 0 0 1,617 2.079 456 8.773 0 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Carlson 18-1 Weld 4,621 0 0 1,617 2,079 456 8.773 0 0 8.773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8.773 Carlson 18-2 Weld 4,621 0 0 1,617 2,079 456 8,773 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Carlson 18-3 Weld 4,621 0 0 1,617 2,079 456 8,773 0 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Christenson 8-19 Weld 4,621 0 0 1,617 2,079 456 8,773 0 0 0 8,773 0 0 0 0 0 0 0 0, 0 0 0 0 0 8,773 Caning 17-1 Weld 4,621 0 0 1.617 2,079 456 8,773 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Coming 17-2 Weld 4,621 0 0 1,617 2,079 456 8,773 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8.773 Caning 17-3 Weld 4,621 0 0 1,617 2,079 456 8.773 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8.773 Evans-Stroh 20-1 Weld 4,621 0 0 1,617 2,079 456 8.773 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8.773 Every-Brooks 18-1 Weld 4,621 0 0 1,617 2,079 456 8,773 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8.773 Fields-Nelson 34-1 Weld 4.621 0 0 1.617 2,079 456 8.773 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Hoshiko 1-2 Weld 4,621 0 0 1.617 2,079 456 8,773 0 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 8.773 Hoshiko2-2 Weld 4.621 0 0 1,617 2,079 456 8.773 0 0 0 0 8,773 0 0, 0 0 0 0 0 0 0 0 0 0 8,773 Kielian 2-1 Weld 4,621 0 0 1.617 2,079 456 8,773 0 0 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Kielian 2-2 Weld 0 0 0 1,617 0 760 2,377 0 0 0 0 2.377 0 0 0 0 0 0 0 0 0 0 0 0 2.377 Kinzer28-1 Weld 4.621 0 0 1.617 2,079 456 8,773 8.773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8.773 McCarty28-1 Weld 4.621 0 0 1,617 2,079 456 8.773 0 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 8.773 McCarty28-2 Weld 4,621 0 0 1.617 2,079 456 8.773 0 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 McCarty 28-3 Weld 4,621 0 0 1,617 2.079 456 8.773 0 0 0 8.773 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 McCarty 28-4 Weld 0 0 0 1,617 0 760, 2.377 0 0 0 2,377 0 0, 0 0 0 0 0 0 0 0 0 0 0 2,377 McCarty 28-5 Weld 4,621 0 0 1,617 2,079 456 8.773 0 0 0 0 8.773 0 0 0 0 0 0 0 0 0 0 0 0 8,773 McCarty28-6 Weld 4,621 0 0 1.617 2,079 456 8.773 0 0 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 8,773 McCarty 28-7 Weld 0 0 0 1.617 0 760 2,377 0 0 0 0 2,377 0 0 0 0 0 0 0 0 0 0 0 0 2.377 McCarty28-8 Weld 4,621 0 0 1,617 2.079 456 8,773 0 0 0, 0 0 8.773 0 0 0 0 0 0 0 0 0 0 0 8.773 McCarty30-1 Weld 4,621 0 0 1,617 2.079 456 8,773 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8.773 McCarty30-2 Weld 0 5,776 0 1,617 2.079 456 9.928 0 0 9,928 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9,928 McCarty30-3 Weld 0 5,776 0 1,617 0 760 8,153 0 0 8,153 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,153 McCarty 30-4 Weld 4,621 0 0 1,617 2,079 456 8,773 0 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 McCarty 31-1 Weld 4,621 0 0 1,617 2,079 456 8,773 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Page 1 of 3 SHEPLER 8 THOMAS,INC. HISTORICAL COST HISTORICAL DETAIL COST BY CATEGORY HISTORICAL DETAIL COST BY YEAR Wellhead/ Valve and TOTAL Well Name County Heater Treater Production Unit Separator Fittings Tanks Flowlines COSTS 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 TOTAL McDowell34-1 Weld 4.621 0 0 1,617 2,019 456 8.773 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Mellon 28-1 Weld 4,621 0 0 1,617 2,079 456 8.773 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Mellon 28-2 Weld 4,621 0 0 1,617 2.079 456 8,773 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Mellon 283 Weld 4,621 0 0 1.617 2.079 456 8.773 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Miller 32-1 Weld 4.621 0 0 1.617 2.079 456 8.773 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Moser#1 Weld 4.621 0 0 1.617 2,079 456 8.773 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8.773 Moser 12-33 Weld 4,621 0 0 1,617 2,079 456 8,773 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Moser23-33 Weld 4,621 0 0 1,617 2,079 456 8,773 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Moser34-33 Weld 4,621 0 0 1,617 2,079 456 8,773 0 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Nygren 19-1 Weld 4,621 0 0 1,617 2,079 456 8,773 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Nygren 19-2 Weld 4,621 0 0 1,617 2.079 456 8,773 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Oster 10-1 Weld 4,621 0 0 1.617 2,079 456 8,773 0 0 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 8.773 Oster 10-2 Weld 4,621 0 0 1,617 2,079 456 8,773 0, 0 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Oster 10-3 Weld 4,621 0 0 1,617 2,079 456 8,773 0 0 0 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 8,773 Parish 32-1 Weld 4,621 0 0 1,617 2,079 456 8,773 0 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Parish 32-2 Weld 4,621 0 0 1,617 2,079 456 8,773 0 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Purvis 10-1 Weld 4,621 0 0 1,617 2,079 456 8.773 0 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Purvis 10-2 Weld 4,621 0 0 1,617 2,079 456 8,773 0 0 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Rieder 32-1 Weld 4,621 0 0 1.617 2,079 456 8,773 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8.773 Schwalm-Ulmann 18-1 Weld 4,621 0 0 1,617 2,079 456 8,773 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Smith-Reeves 27-1 Weld 4,621 0 0 1,617 2,079 456 8,773 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Spaur 10-1 Weld 4,621 0 0 1,617 2,079 456 8,773 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Spaur 10-2 Weld 4,621 0 0 1,617 2,079 456 8,773 0 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Spaur 10-3 Weld 4,621 0 0 1,617 2,079 456 8,773 0 0 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Stephens-Foe 10-1 Weld 4,621 0 0 1,617 2,079 456 8,773 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Stephens-Foe 10-2 Weld 4,621 0 0 1,617 2,079 456 8,773 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Stephens-Foe 10-3 Weld 4,621 0 0 1,617 2,079 456 8,773 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Stephens-Foe 10-4 Weld 4,621 0 0 1,617 2.079 456 8,773 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Stroh14-1 Weld 4,621 0 0 1,617 2,079 456 8,773 0 0 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Stroh 14-2 Weld 4,621 0 0 1,617 2,079 456 8,773 0 0 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 8,773 UCLI6-1 Weld 4,621 0 0 1,617 2,079 456 8,773 0 8.773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8.773 UCLI6-2 Weld 0 0 0 1,617 0 760 2,377 0 2,377 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,377 UCLI6-3 Weld 4,621 0 0 1,617 2,079 456 8,773 0 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 8.773 Warren 10-1 Weld 4,621 0 0 1,617 2,079 456 8,773 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Page 2 of 3 SHEPLER&THOMAS,INC. HISTORICAL COST HISTORICAL DETAIL COST BY CATEGORY HISTORICAL DETAIL COST BY YEAR Wellhead/ Valve and TOTAL Well Name County Heater Treater Production Unit Separator Fittings Tanks Flowlines COSTS 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 TOTAL Wedeman21-1 Weld 4.621 0 0 1,617 2,079 456 8.773 0 8.773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Wedeman21-2 Weld 4,621 0 0 1.617 2,079 456 8.773 0 8.773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Williams 28-1 Weld 4,621 0 0 1.617 2,079 456 8,773 0 0 8,773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,773 Williams 28-2 Weld 0 0 0 1,617 0 760 2,377 0 0 2,377 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,377 TOTAL WELD COUNTY 295,744 17,328 0 116,424 137,214 34,656 601,366 52,638 125,199 170,754 125,199 110,030 17,546 0 0 0 0 0 0 0 0 0 0 0 601,366 Page 3 of 3 SHEPLER&THOMAS,INC. SHEPLER A THOMAS,INC. RETURN OF INVESTMENT RETURN ON INVESTMENT 1999 DEPRECIATION-Rof I (14 YR.STRAIGHT LINE METHOD/MIDYEAR CONVENTION RETURN ON INVESTMENT(ROI) 1999 AVERAGE 12/31/1998 NET 12/31/1999 NET NET BOOK ACTUAL ROI TOTAL ROI Well Name County 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 TOTAL BOOK VALUE BOOK VALUE VALUE RATE DEDUCTION Bernhardt 7-1 Weld 0 0 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 7,833 1,567 940 1,253 7,707% 97 Bernhardt 7-2 Weld 0 0 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 7,833 1,567 940 1,253 7.707% 97 Brown 20-1 Weld 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 8,773 313 0 157 7.707% 12 Brown 20-2 Weld 0 0 355 709 709 709 709 709 709 709 709 709 709 709 709, 709 355 9,928 355 0 177 7.707% 14 Brown 30-2 Weld 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 8,773 313 0 157 7.707% 12 Brown-McCarty 30-5 Weld 0 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 8,460 940 313 627 7.707% 48 Carlson 18-1 Weld 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 8,773 313 0 157 7.707% 12 Carlson 18-2 Weld 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 8,773 313 0 157 7.707% 12 Carlson 18-3 Weld 0 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 8,460 940 313 627 7.707% 48 Christenson 8-19 Weld 0 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 8,460 940 313 627 7.707% 48 Coming 17-1 Weld 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 8,773 313 0 157 7.707% 12 Coming 17-2 Weld 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 8,773 313 0 157 7.707% 12 Coming 17-3 Weld 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 8,773 313 0 157 7.707% 12 Evans-Stroh 20-1 Weld 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 8,773 313 0 157 7.707% 12 Every-Brooks 18-1 Weld 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 8773 313 0 157 7.707% 12 Fields-Nelson 34-1 Weld 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 0 8,773 0 0 0 7.707% 0 Hoshiko 1-2 Weld 0 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 8,460 940 313 627 7707% 48 Hoshiko 2-2 Weld 0 0 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 7,833 1,567 940 1,253 7.707% 97 Kielian 2-1 Weld 0 0 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 7,833 1.567 940 1,253 7.707% 97 Kielian 2-2 Weld 0 0 0 0 85 170 170 170 170 170 170 170 170 170 170 170 170 2,122 424 255 340 7.707% 26 Kinzer 28-1 Weld 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 0 0 8,773 0 0 0 7.707% 0 McCarty 28-1 Weld 0 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 8,460 940 313 627 7707% 48 McCarty 28-2 Weld 0 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 8,460 940 313 627 7707% 48 McCarty 28-3 Weld 0 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 8,460 940 313 627 7707% 48 McCarty 281 Weld 0 0 0 85 170 170 170 170 170 170 170 170 170 170 170 170 170 2,292 255 85 170 7.707% 13 McCarty 28-5 Weld 0 0 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 7,833 1,567 940 1,253 7.707% 97 McCarty 28-6 Weld 0 0 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 7,833 1,567 940 1,253 7.707% 97 McCarty28-7 Weld 0 0 0 0 85 170 170 170 170 170 170 170 170 170 170 170 170 2,122 424 255 340 7.707% 26 McCarty 28-8 Weld 0 0 0 0 0 313 627 627 627 627 627 627 627 627 627 627 627 7,206 2,193 1,567 1,880 7707% 145 McCarty30-1 Weld 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 0 8,773 0 0 0 7.707% 0 McCarty 30-2 Weld 0 0 355 709 709 709 709 709 709 709 709 709 709 709 709 709 355 9,928 355 0 177 7.707% 14 McCarty 30-3 Weld 0 0 291 582 582 582 582 582 582 582 582 582 582 582 582 582 291 8,153 291 0 146 7.707% 11 McCarty 30-4 Weld 0 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 8,460 940 313 627 7.707% 48 McCarty 31-1 Weld 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 8,773 313 0 157 7.707% 12 Page 1 of 3 SHEPLER 8,THOMAS,INC. SHEPLER&THOMAS,INC. RETURN OF INVESTMENT RETURN ON INVESTMENT 1999 DEPRECIATION-Rot' (14 YR.STRAIGHT LINE METHOD/MIDYEAR CONVENTION RETURN ON INVESTMENT(ROI( 1999 AVERAGE 12/31/1998 NET 12/31/1999 NET NET BOOK ACTUAL ROI TOTAL ROI Well Name County 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 TOTAL BOOK VALUE BOOK VALUE VALUE RATE DEDUCTION McDowell 34-1 Weld 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 0 0 8,773 0 0 0 7.707% 0 Mellon 28-1 Weld 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 0 0_ 8.773 0 0 0 7.707% 0 Mellon 28-2 Weld 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 0 8.773 0 0 0 7.707% 0 Mellon 28-3 Weld 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 0 8,773 0, 0 0 7.707% 0 Miller 32-1 Weld 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 0 8.773 0 0 0 7.707% 0 Moser ell Weld 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 0 8,773 0 0 0 7.707% 0 Moser 12-33 Weld 0 0 313 627 627 627 627 627 627 627 627 627 627 627, 627 627 313 8,773 313 0 157 7.707% 12 Moser 23-33 Weld 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 8,773 313 0 157 7.707% 12 Moser 34-33 Weld 0 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 8,460 940 313 627 7.707% 48 Nygren 19-1 Weld 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 0 8,773 0 0 0 7,707% 0 Nygren 19-2 Weld 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 0 8,773 0, 0 0 7.707% 0 Oster 10-1 Weld 0 0 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 7.833 1,567 940 1,253 7707% 97 Oster 10-2 Weld 0 0 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 7.833 1,567 940 1,253 7.707% 97 Oster 10-3 Weld 0 0 0 0 0 313 627 627 627 627 627 627 627 627 627 627, 627 7,206 2,193 1,567 1,880 7.707% 145 Parish 32-1 Weld 0 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 8,460 940 313 627 7.707% 48 Parish 32-2 Weld 0 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 8.460 940 313 627 7.707% 48 Purvis 10-1 Weld 0 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 8.460 940 313 627 7.707% 48 Purvis 10-2 Weld 0 0 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 7,833 1,567 940 1,253 7.707% 97 Rieder 32-1 Weld 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 0 0 8.773 0- 0 0 7.707% 0 Schwalm-Ulmann 18-1 Weld 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 0 8,773 0 0 0 7.707% 0 Smith-Reeves 27-1 Weld 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 0 0 8.773 0 0 0 7.707% 0 Spaur 10-1 Weld 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 8.773 313 0 157 7.707% 12 Spaur 10-2 Weld 0 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 8,460 940 313 627 7.707% 48 Spaur 10-3 Weld 0 0 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 7.833 1,567 940 1,253 7.707% 97 Stephens-Foe 10-1 Weld 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 0 0 8.773 0 0 0 7.707% 0 Stephens-Foe 10-2 Weld 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 0 8,773 0 0 0 7.707% 0 Stephens-Foe 10-3 Weld 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 8.773 313 0 157 7/07% 12 Stephens-Foe 10-4 Weld 0. 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 8.773 313 0 157 7.707% 12 Stroh 14-1 Weld 0 0 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 7.833 1,567 940 1.253 7.707% 97 Stroh 14-2 Weld 0 0 0 0 313 627 627 627 627 627 627 627 627 627 627 627- 627 7,833 1,567 940 1.253 7.707% 97 UCLI 6-1 Weld 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 0 8,773 0 0 0 7.707% 0 UCLI6-2 Weld 0 85 170 170 170 170 170 170 170 170 170 170 170 170 170 85 0 2,377 0 0 0 7.707% 0 UCLI 6-3 Weld 0 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 8,460 940 313 627 7.707% 48 Warren 10-1 Weld 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 0 8,773 0 0 0 7707% 0 Page 2 of 3 SHEPLER 8 THOMAS,INC. SHEPLER&THOMAS,INC. RETURN OF INVESTMENT RETURN ON INVESTMENT 1999 DEPRECIATION-Rof I (14 YR.STRAIGHT LINE METHOD/MIDYEAR CONVENTION RETURN ON INVESTMENT(ROI) 1999 AVERAGE 12/31/1998 NET 12/31/1999 NET NET BOOK ACTUAL ROI TOTAL ROI Well Name County 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 TOTAL BOOK VALUE BOOK VALUE VALUE RATE DEDUCTION Wedeman 21-1 Weld 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 0 8,773 0 0 0 7.707% 0 Wedeman 21-2 Weld 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 0 8.773 0 0 0 7.707% 0 Williams 28-1 Weld 0 0 313 627 627 627 627 627 627 627 627 627 627 627 627 627 313 8.773 313 0 157 7.707% 12 Williams 28-2 Weld 0 0 85 170 170 170 170 170 170 170 170 170 170 170 170 170 85 2.377 85 0 42 7.707% 3 TOTAL WELD COUNTY 1.880 8,231 18,801 29.371 37,772 42,328 42.955 42,955 42,955 42,955 42,955 42,955 42.955 42,955 41.075 34,723 24,154 581,972 43,547 19,394 31,470 2,425 Page 3 of 3 12/14/2001. 03:40 FAX .406. 340 4301 MIDWESTERN EXPLORATION 0!002 FWn :Ifln4 & FISMISE FAX PC. :30376113267 Dec. 13 2601 02:37PM P2 To: Weld County Assessor 1400 N. 17s Ave. Greeley.CO 80631 From: Shepler&Thorn's, Inc. 3500 S.Boulevard,Sults Z8 Edmond,OK 79013 This is to author.Logan&Firm*', Inc.,933 W. Hampden Avenue,Suite 740, • Englewood, CO. 80110,to act in our behalf as our agent in nonparty tax mutters for properties that we own,possess or control in your County. This agent is delegated authority b file and sign property statements, notices of protest and negotiate and resolve disputed tax matters, and we accept responsibility for any and all actions he makes in our behalf regarding property tax matters. This authorization is effective until revoked by the owner, a partner, or a corporate ra as all prior authorization. Signed: Tit: President Phase: (405) 340-4300 Date: December 13. 2001 (it CLERK TO THE BOARD PHONE (970) 336-7215, EXT.4225 FAX: (970) 352-0242 P.O. BOX 758 GREELEY, COLORADO 80632 C. COLORADO January 20, 2003 SHEPLER AND THOMAS, INC. C/O LOGAN AND FIRMINE, INC. 333 WEST HAMPDEN AVE., SUITE 740 ENGLEWOOD, CO 80110 RE: SCHEDULE NUMBER SEE ATTACHED SCHEDULES Dear Property Owner: This is to advise you that the Weld County Board of Commissioners will hear your petition for abatement or refund of taxes on the property described as: VARIOUS. The meeting is scheduled for February 3, 2003, at 9:00 a.m., in the First Floor Meeting Room, Weld County Centennial Center, 915 10th Street, Greeley, Colorado. The Assessor is recommending that the Board deny your petition. You are not required to be present at this hearing, however, this is your opportunity to have your position heard, especially if your position is opposed to the Assessor's recommendation. If you intend to submit any documentation in support of your position for this hearing, all such documentation must be submitted to the Office of the Clerk to the Board and to the Weld County Assessor's Office at least seven calendar days prior to the meeting date in order for it to be considered at the scheduled hearing. If you have any questions concerning this matter, please do not hesitate to contact Carol Harding at (970) 336-7215, extension 4217. Sincerely, Donald D. Warden Clerk to the Board Le By: CAi24i ....k‘Le Deputy Clerk to the Board cc: Assessor a Me; CLERK TO THE BOARD PHONE (970) 336-7215, Ext. 4225 ng FAX: (970) 352-0242 P. O. BOX 758 C. GREELEY, COLORADO 80632 COLORADO February 25, 2003 Shepler and Thomas, Inc do Logan & Firmine, Inc 333 W. Hampden Ave, Suite 740 Englewood CO 80110 RE: SCHEDULE NUMBER See Attached List Dear Property Owner On February 3rd, 2003, the Board of Weld County Commissioners considered your petition for abatement or refund of taxes and denied same. Pursuant to Section 39-2-125(f), C.R.S., you have the right to appeal this decision to the State Board of Assessment Appeals within thirty days. You may obtain the appropriate forms and instructions from the Board of Assessment Appeals, Department of Local Affairs, 1313 Sherman Street, Room 420, Denver, Colorado 80203. Very truly yours, Oa% Donald D. Warden, Clerk to the Board 7tre,BY ��Cx L I/�Js D>dputy Cler to the Board cc: Assessor Mary Hazen Hello