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Home My WebLink About920705.tiff RESOLUTION RE: THE BOARD OF EQUALIZATION, 1992, WELD COUNTY, COLORADO PETITION OF: TOP OPERATING COMPANY 410 17 ST STE 1120 DENVER, CO 80202 DESCRIPTION OF PROPERTY: PIN: P 0001375 PARCEL: 131125000039 03 - HITCHINGS 20399C LEASEHOLD INT SE4SE4 25 2 67 WHEREAS, the Board of County Commissioners of Weld County, Colorado, organized as the Board of Equalization for the purpose of adjusting, equalizing, raising or lowering the assessment and valuation of real and personal property within Weld County, fixed and made by the County Assessor for the year 1992, and WHEREAS, said petition has been heard before the County Assessor and due Notice of Determination thereon has been given to the taxpayer(s) , and WHEREAS, the taxpayer(s) presented a petition of appeal of the County Assessor's valuation for the year 1992, claiming that the property described in such petition was assessed too high, as more specifically stated in said petition, and WHEREAS, said petitioner being represented by Murray Herring, President, and WHEREAS, the Board has made its findings on the evidence, testimony and remonstrances and is now fully informed. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, acting as the Board of Equalization, that the evidence presented at the hearing clearly supported the value placed upon the Petitioner's property by the Weld County Assessor. Such evidence indicated the value was reasonable, equitable, and derived according to the methodologies, percentages, figures and formulas dictated to the Weld County Assessor by law. As such, this Board finds that the Petitioner failed to meet the burden of proving that the Assessor's valuation was incorrect. The assessment and valuation of the Weld County Assessor shall be, and hereby is, affirmed. BE IT FURTHER RESOLVED that a denial of a petition, in whole or in part, by the Board of Equalization may be appealed by selecting one of the following three options: 920705 ft )00/) a cc : e i-/1dOni a CM, RnI•✓G-) 1 ftS Page 2 RE: BOE - TOP OPERATING COMPANY 1. Board of Assessment Appeals: You have the right to appeal the County Board of Equalization's (CBOE's) decision to the Board of Assessment Appeals (BAA) . Such hearing is the final hearing at which testimony, exhibits, or any other evidence may be introduced. If the decision of the BAA is further appealed to the Court of Appeals, only the record created at the BAA hearing shall be the basis for the Court's decision. No new evidence can be introduced at the Court of Appeals. (Section 39-8-108(10) , CRS) Appeals to the BAA must be made on forms furnished by the BAA, and should be mailed or delivered within thirty (30) days of denial by the CBOE to: Board of Assessment Appeals 1313 Sherman Street, Room 523 Denver, CO 80203 Phone: 866-5880 OR 2. District Court: You have the right to appeal the CBOE's decision to the District Court of the county wherein your property is located. New testimony, exhibits or any other evidence may be introduced at the District Court hearing. For filing requirements, please contact your attorney or the Clerk of the District Court. Further appeal of the District Court's decision is made to the Court of Appeals for a review of the record. (Section 39-8-108(1) , CRS) OR 3. Binding Arbitration: You have the right to submit your case to arbitration. If you choose this option the arbitrator's decision is final and your right to appeal your current valuation ends. (Section 39-8-108.5, CRS) Selecting the Arbitrator: In order to pursue arbitration, you must notify the CBOE of your intent. You and the CBOE select an arbitrator from the official list of qualified people. If you cannot agree on an arbitrator, the District Court of the county in which the property is located will make the selection. 920705 Page 3 RE: BOE - TOP OPERATING COMPANY Arbitration Hearing Procedure: Arbitration hearings are held within sixty days from the date the arbitrator is selected. Both you and the CBOE are entitled to participate. The hearings are informal. The arbitrator has the authority to issue subpoenas for witnesses, books, records, documents and other evidence. He also has the power to administer oaths, and all questions of law and fact shall be determined by him. The arbitration hearing may be confidential and closed to the public, upon mutual agreement. The arbitrator's written decision must be delivered to both parties personally or by registered mail within ten (10) days of the hearing. Such decision is final and not subject to review. Fees and Expenses: The arbitrator's fees and expenses are agreed upon by you and the CBOE. In the case of residential real property, such fees and expenses cannot exceed $150.00 per case. The arbitrator's fees and expenses, not including counsel fees, are to be paid as provided in the decision. The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 30th day of July, A.D. , 1992. BOARD OF COUNTY COMMISSIONERS ATTEST: ll/ WELD COUNTY, COLORADO Weld County Clerk to t e Board EXCUSED - DATE OF SIGNING (AYE) Geo e Kennedy, Chairman By: < F�!'�S --0-.t." 6{-fiZes� Deputy Clerk to the B ar Constance L. Harbert, Pro-Tem APPROVED AS T ORM: C. W. Kirby Assistant County Attorney Gor . acy W.W. H{ebster 920705 BOE DECISION SHEET PIN 11: P 0001375 PARCEL It: 131125000039 03 TOP OPERATING COMPANY 410 17 ST STE 1120 DENVER, CO 80202 HEARING DATE: July 30, 1992 TIME: 9:00 A.M. HEARING ATTENDED? 9N) NAME: , , A A a___,__)?„ AGENT NAME: ' �� O� APPRAISER NAME: /2___/„) �"/ DECISION: u DECREASE IN VALUATION INCREASE IN VALUATION NO CHANGE IN VALUATION L� ASSESSMENT RATIO ACTUAL VALUATION ORIGINAL ADJUSTED Land $ $ Improvements OR Personal Property 6272 e/ Total Actual Value $ 6272 $ COMMENTS: MOTION BY _ / TO �ll !i SECONDED BY 73/c) Kirby -- ) Lacy -- N) Failed to meet burden of proof Webster -- N) Comparables inadequate Harbert -- N) OtheF: 6 Kennedy oN) RESOLUTION NO. 92070b V 915 10th STREET GREELEY,COLORADO 80631 NOTICE OF DENIAL PHONE(303)356-4000, EXT.4256 IiD€ HITCHTNGS - 21':399C LEASEHOLD INT SE4SE4 25 2 67 COLORADO 9� f OWNER TOP OP CRATING COrPANY TOP OPERATING COMPANY PARCEL 13112SGCCO39 C3 PIN P n001375 41C 17 ST STE 1120 YEAR 1992 DENVER Co de2C2 LUG 00C19 06/19/1992 The appraised value of property is based on the appropriate consideration of the approaches to value required by law.The Assessor has determined that your property should be included in the following category(ies): ALL UT}rE R PROPERTY, INCLUDING VACANT LAND, IS VALUED BY CONSIDERING THE COSTS MARKET, AND INCOME APPROACHES. If your concern is the amount of your property tax, local taxing authorities (county, city,Sire protection, and other special districts) hold budget hearings in the fall. Please refer to your tax bill or ask your Assessor for a listing of these districts,and plan to attend these budget hearings. The Assessor has carefully studied all available information, giving particular attention to the specifics included on your protest and has deter- mined the valuation(s) assigned to your property.The reasons for this determination of value are: YOUR PERSONAL PROPERTY HAS BEEN VALUED IN ACCORDANCE WITH COLORADO LAW AND INSTRUCTIONS PUBLISHED BY THE STATE DIVISION OF PROPERTY TAXATION, OTHER PERSONAL PROPERTY, SIMILAR IN NATURE, HAS BEEN CONSISTENTLY VALUED USING THE SAME STATUTORY METHODS, PETITIONER'S ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ESTIMATE ACTUAL VALUE ACTUAL VALUE OF VALUE PRIOR TO REVIEW AFTER REVIEW PERSONAL PROPERTY 6, 272 bs 272 TOTALS $ $ Ga 272 $ 6,272 If you disagree with the Assessor's decision,you have the right to appeal to the County Board of Equalization for further consideration, 39-8-106(1)(a), C.R.S. Please see the back of this form for detailed information on filing your appeal. W, RREN L. LASELL a 0/22/92 r� ar, BY: !VELD ` i'� 3 '\ AI DATE �4V/IAoil y '�� .r+,��'' �iF LD COUNTY ASSESSOR � 'l'_ � �- Fo DmPR o7-87/92 ADDITIONAL INFORMATION ON REVERSE SIDE YOU HAVE 11,E RIGHT TO APPEAL THE ASSESS...WS DECISION The County Board of Equalization will sit to hear appeals beginning July 1 and.continuing through August 10 for =ai t:; operty (land and buildings) and personal property (furnishings, machinery, and equipment). 39-8-104 and 39-8-107(2), C.R.S. APPEAL PROCEDURES: f you choose to appeal the Assessor's decision, mail or deliver one copy of this completed form to the County Board of Equalization. To preserve your right to appeal, your appeal must be POSTMARKED OR DELIVERED ON OR BEFORE JULY 16. WELD COUNTY BOARD OF EQUALIZATION 915 10th Street, P.O. Box 758 Greeley, Colorado 80632 Telephone (303) 356-4000, Ext. 4225 NOTIFICATION OF HEARING: You will be notified of'the t me and place set for the hearing of your appeal. COUNTY BOARD OF EQUALIZATION'S-DETERMINATION: The County Board of Equalization must make a decision on your appeal and mail you a determination within five b ti,;iness days.. The County Board must conclude their hearings by August 10. 'TAXPAYER RIGHTS FOR FURTHER APPEALS:. ,, you are not satisfied with the County Board of Equalization's decision, you must file within thirty days of the =:.Cc.unty Board of Equalization's written decision with ONE of the following: Board of Assessment Appeals (BAA): Contact the BAA at 1313 Sherman, Room 315, Denver, Colorado 80203, (303) 866-5880. District Court: 9th Avenue and 9th Street, P.0, Box C Greeley, Colorado 80632 Telephone (303) 356-4000, Ext. 4520 Arbitration: . WELD COUNTY BOARD.OF EQUALIZATION - • . 915 10th Street, P.O. Box 758 - Greeley, Colorado 80632 Telephone (303) 3564000, Ext. 4225 you do not receive a determination from the County Board of Equalization,you must file an appeal with the Board of Assessment Appeals by September 18. TO PRESERVE YOUR APPEAL RIGHTS, YOU MUST PROVE YOU HAVE FILED A TIMELY APPEAL; THEREFORE, WE RECOMMEND ALL CORRESPONDENCE BE MAILED WITH PROOF OF MAILING. PETITION TO THE COUNTY BOARD OF EQUALIZATION SUBJECT WELL DOES NOT USE A CONVENTIONAL PUMPING UNIT . THE WELL IS PUMPED WITH A HYDRAULIC PUMPING UNIT. THE HYDRAULIC UNIT HAS MUCH LESS VALUE THAN A STANDARD BEAM TYPE UNIT. WE ATTEMPTED TO SELL AN IDENTICAL HYDRAULIC PUMPING UNIT AND MOTOR LAST YEAR . YOUR BEST OFFER WAS $300 . 00 . A HYDRAULIC UNIT IN THIS PORTION OF THE D-J BASIN HAS LITTLE VALUE BECAUSE THEY ARE SO EXPENSIVE TO OPERATE. THEREFORE, I RESPECTFULLY REQUEST THAT THE PERSONAL PROPERTY TAX ON THE SUBJECT WELL BE REDUCED TO $1 , 450 .00 TO REFLECT THE COR- RECT AND TRUE VALUE OF THE PROPERTY. I BELIEVE THAT THIS IS THE INTENT OF OUR COLORADO LAW . • SIweipdTl ,n CA 9207r 05 rs • CLERK TO THE BOARD \ P.O. BOX 758 WI I GREELEY,COLORADO 80832 C. (303)358-4000 EXT.4225 COLORADO July 21, 1992 Parcel No. : 131125000039 03 PIN No. : P 0001375 TOP OPERATING COMPANY 410 17 ST STE 1120 DENVER, CO 80202 Dear Petitioner(s) : The Weld County Board of Equalization has set a date of Monday, July 30, 1992, at or about the hour of 9:00 A.M. , to hold a hearing on your valuation for assessment. This hearing will be held at the Weld County Centennial Center, 915 10th Street, Greeley, Colorado, in the First Floor Hearing Room. You have a right to attend this hearing and present evidence in support of your petition. The Weld County Assessor will be present before the Board. The Board will make their decision on the basis of the record made at the aforementioned hearing, as well as your petition, so it would be in your interest to have a representative present. If you plan to be represented by an agent or an attorney at your hearing, prior to the hearing you shall provide, in writing to the Clerk to the Board's Office, an authorization for the agent or attorney to represent you. If you do not choose to attend this hearing, a decision will still be made by the Board by the close of business on August 10, 1992, and mailed to you on or before August 16, 1992. Because of the volume of cases before the Board of Equalization, all cases shall be limited to 15 minutes. Also due to volume, cases cannot be rescheduled. It is imperative that you provide evidence to support your position. This may include evidence that similar homes in your area are valued less than yours or you are being assessed on improvements you do not have. Please note: The fact that your valuation has increased cannot be your sole basis of appeal. Without documented evidence as indicated above, the Board will have no choice but to deny your appeal. 92070r TOP OPERATING COMPANY - P 0001375 Page 2 At least two (2) working days prior to your hearing the Assessor will have available, at your request, the data supporting his valuation of your property. Please advise me if you decide not to keep your appointment as scheduled. If you need any additional information, please call me at your convenience. Very truly yours, BO RD OF EQUALIZA 'T�iION- iz7 //`dG�2 Donald D. Warden, Clerk t/o/�the Board /BY: Carol A. Harding, Deputy cc: Warren Lasell, Assessor 920705 , I ry m T o 6 Q C 9 m y d cc c • d Q . 1 co�Y p co d0 y d o4,3 « m Ec Z S P . U d g y d03 y �� (A I z a .% H v d e ❑ ❑ ❑ e_ 3 a ¢ a as d i am 13 ❑ ❑ m ] e. m —dM w aleO io Wewlsod . C .%:. N O Z -N r d N .o.. U 0 TEa E m m mw 1 saad pue a6eisod 1V101 j a 'Zia t2, a �v 000 d y < N¢ 0 X 0 Q m '0 40 ssaippv pue'aiea E d K uimous idi030s wNad c Li N « c a Q❑ O n m 1 s; pue Wow o; d cgs ldi 5 aoaa wniad 1 � O d 1144 00G paiouisad m 0 E Lin r 40 O • g Y,. Noa ieoadg .E.: ° 6Oa i c, a.. I-t. 9 '% �.i OWI i Payryap i J 'i 4 o TCQ O S NY `eisod c as d O1- � St io Oil do e.E d iT • , m1 No at a N N d : dy rfa I o d o € m¢ i I� p .i a a w . O E3oo cc V ... N a a ; O 1J � N r • c.m d d m . ¢ O w 9 (as�anad aas0© •ji m N m K C d 2 F• IItlW 1tlN011tlNtl31Nl tl0i Y T°L y y ` M in 1 " " C E 0301Aoud 39Vtl3A07 30Ntltl 0Sm ON « O m w « « H O _ °i o ��yW 031>tlltl3� Hod 1d1303tl . ; z.- lea g �i " y LL �pj ■ a Y 69 ! '[Lh L9E d a i. e O .• W ,5 • << CLERK TO THE BOARD P.O. BOX 758 ' GREELEY,COLORADO 80632 (303)356-4000 EXT.4225 C. COLORADO July 23, 1992 Parcel No. : 131125000039 03 PIN No. : P 0001375 TOP OPERATING COMPANY 410 17 ST STE 1120 DENVER, CO 80202 Dear Petitioner(s) : The Board of Equalization notification of hearing mailed to you earlier this week incorrectly listed your hearing as Monday, July 30, 1992. This is to notify you that the hearing is scheduled for Thursday, July 30, 1992 at the time stated on your first notice. We regret any inconvenience this may have caused you. Very truly yours, BOARD OF EQUALIZATION ,Mugh Donald D. Warden, Clerk 7ithe Board Carol A. Harding, Deputy cc: Warren Lasell, Assessor 920705 s k s rif�xc 1992 1� s4t3M�'b��s �: .� ,, , , ::� State of Colorado • _ ,,05.-101.g:',, $j'REE� ;,r ,x S O!L AND GAS ;4ftEt'L`ti i .,Coll _riQb3'l y:.:I, ..• REAL AND PERSONAL PROPERTY Assessment Date . Due Date ,: ,:.! ,:-.,ti DECLARATION SCHEDULE WELD COUP 6�8 I7 ]L ' •`'' •'CONFIDENTIAL DATA �lt April 15 �• • CountY� ..�s::�. � tal 'iMAIL TO COUNTY ASSESSOR . .�. YOU MUST FILE EV • r1 + + �T`} ~u ,ADDITIONS OR A A.CODE• T.A.^CODE SCHEDULE NUMBER CHANGE OF N 1 Old AND APR 0/OR ADDRESS ii 61311 - 0807 0001375 A. NAME AND ADDRESS{INDICATE ANY CHANGES) . . ' GREELEY•COLO. 1 .• - " ' DO NOT USE - FOR ASSESSOR.ONLY TOP OPERA T LNG: Q Code Description WELLS Actual Value % Assessed Value a1 HIT.UHLN05.:.:: :. a' : :•ii. . 71 Primary Prod. $ 87/ $ 410 17. ST :STE :,1120 71 Secondary Prod. 75 1 DENVER . CO 80202 ' - ii LOCATION OF PROPERTIES OR LEGAL DESCRIPTION . 72 Improvements i E X H 1 B az . 74 FAcVn ne vrn.& 1 (S44 25 2 67. . ____-_ s RECEIVED E 'LEASE NAME OR DESCRIPTION COMPLETED ABSTRACT CHGS. LATE FILING PENALTY APPLIED YES O NOD S. Date Business Started Type of Product or Service (in County) Corp.O Partnership O Individual O Other 0 STATUS.OF PROPERTY (Please Check-the Appropriate Box) Is this your L / Name and Address of Previous Owners: O NEW BUSINESS OF. first return? Yes No a .alp 9 �,� %Q1 LJ ❑ NEW OWNER(S) (First time filers must furnish a completel,itemized listing) - PLEASE INDICATE THE LIFE OF THE OIL AND GAS RESERVE IN YEARS UNDER THE CURRENT PRODUCTION RATE YRS. C. PRODUCTION REPORT.FOR PREVIOUS YEAR . . Cl. PRIMARY PRODUCTION / FOR ASSESSORS USE ONLY J t • A ;B C D E F G Well N Sold or Flared, Avg. Price Allowed Value of Actual Field Name I Total Transported Vented or At Well Head Product Royalty Value No. T Produced From Used On or Field (B x Exclusion (E x Premises Lease PriceD) (1• kexempt) F) . . BBL I t`i 13 I=-{ l42° /bbl MCF �y b•S 5 Li c. . 3" /MCF i BBL /bbl MCF 5(o f Q lb (VV /MCF BBL 1 /bbl i MCF / MCF Totals Totals,, Totals Totals I Totals Z / + C2. SECONDARY, TERTIARY OR RECYCLING RECOVERY PRODUCTION FOR ASSESSORS USE ONLY A B C D E F G Method Field Name Well lJ Sold or Flared, Avg.Price Allowed i N Value of Actual Recovery No. I Produced TraFromted VUs d Onr Ator Well leldHead Product E ERoxclusion Value i T Premises Lease Price (B X D} (1.%exempt) (E x F) i . BBL /bbl MCF ! I /MCF • _ BBL i /bbl I MCF I /MCF • BBL /bbl MCF /MCF i Totals Totals Totals Totals 'Totals D. EXCLUDABLE ROYALTIES Fs'cludable royalty amounts are limited to the fractional interest owned by the Federal Government, the State of Colorado, counties,cities, ns, municipal corporations,tribal councils or other government organizations within the State of Colorado. Royalty% Welt Lease Name Or Number Name Of Governmental Entity Exempt From i No. Taxation i : Y=?-:44:-;,‘: .+?::;,':.,;;y-, il; -s -} + s+ ".:yw. +::.t'4f •,�- � r>Y 1 .. E.PURCHASER'S STATEMENT List names and addressos of purchasers of oil and gas products.Attacn separate sheet it necessary..... , . - NAME • ADDRESS A Y. `i 'f. .i:' :ifs . .. F. LISTING OF REA' PROPERTY{MPROVEMEN�S (Attach a separate sheet it necessary) • . .. . •• fkuildin . Myles and Leasehdd Improvements ties i? ' end Location - • eta of_ ._ ..._ _T.-.•• Installed Cost • • -—. Additions Since ' inai J i �, 7+ � Installation ... Installation )U n r{f i fr' G.EQUIPMENT INVE TORY.�aSTING...,......, ,,° :lU • G.1.Well Characteristics P A'$E RfE f iRSTRUCTIONS CAREFULLY API# 05— 123 • —°160 Lease Name STATE a CITY• SEO WELL a • Well Depth Basin Name METHOD OF PRODUCTION PREVIOUS YEARS PRODUCTION BY WELL , Flowing Oil BBL :.. CO2 MCF Pumping Natural Gas MCF Water BBLS Did this well operate daily during the previous calendar year YES NO If NO.indicate the number of days the well operated days G.2.Equipment Characteristics Please designate with an(X)the equipment configuration found on the well listed above. PUMPING OIL WELL CONFIGURATIONS: FLOWING OIL WELL CONFIGURATIONS: With Tanks 634 Motor Type: Gas Electric With Tanks Without Tanks Motor Type: Gas Electric Without Tanks ESP Oil Well OTHER(Please List) PUMPING GAS WELL CONFIGURATIONS: Motor Type: FLOWING GAS WELL CONFIGURATIONS: With Tanks Without Tanks Gas Electric _ With Tanks _..- Without Tanks Coal Seam With Tanks Without Tanks Without Separator and Without Tanks Plunger Lift With Tanks Without Tanks `, Cal Seam Well Without Tanks Plunger Lift With Tanks and Separator G s Lift Coal Seam With Tanks Plunger Lift Without Tanks and Separator ith Dehydrator and:With Tanks Without Tanks ithout Dehydrator and Without Tanks OTHER:(Please List) • PLEASE NOTE IF YOU ARE USING ANY OF THE FOLLOWING IN YOUR OPERATI Common Tank Battery #of Tanks ESP Water Supp Well Water Disposal Well ( Pumping Water Supply Well Motor Type:Gas Electric Water Injection Well CO2/Water Injection Weil OTHER:(Please List) G.3.Stored Equipment. Please note if you have equipment stored at the well site _YES NO If YES, you MUST provide an itemized fisting per the instructions. G.4.Equipment Condition Condition of Working Equipment VG AVG. MIN Condition of Stored Equipment VG AVG. MIN H. Cost of other fully depreciated DEPRECIATION SCHEDULE Attach a copy of your latest detailed Depreciation Schedule from your financial records. If you assets still in use. provide Form 4562 or 4562-A you MUST provide an itemized list of all property with description of each item,date in service,and cost.A similar detailed list must be provided for any property which you have expensed,and listed in Section A of Form 4562 or 4562-A. $ I. LEASED, LOANED, OR RENTED PROPERTY (Furniture,Signs,Etc.) (Declare Property Owned By Others Here.) Did you have in your possession on January 1st any leased, loaned, rented machinery, equipment,or furniture, signs, vending machines, etc.? ❑ YES O NO If yes, list below showing description of this property and name and address of owners. Name and Address of Owner/Lessor Description Model/Serial No. Year Purchase Price Term Total Annual Mfg. New From"To Rent Are purchase or maintenance options included in the total annual rent shown above? ❑ YES ❑ NO If yes,please furnish details. J.DECLARATION , THIS RETURN IS SUBJECT TO AUDIT. "I declare,under penalty of perjury in the second degree,that this schedule,together with any accompanying exhibits or statements,has been examined by me and to the best of my knowledge,information,and belief,sets forth a till and complete list of all taxable personal property owned by me or in my possession, or under my control,located in this county in of redo on the assessment e of this year; that such property has been reasonably described and its value fairly represented;and that no attempt has been made t lead the assess s to age.quality,quantity or value"39-5-107(2)CRS SIGNATURE OF OWNER OR AGENT IAM /� NAME OF OWNER DATE 4i/4 7 7-- PRINT NAME OF PERSON SIGNING ,�*/yje R�/AjY �/1 H��h{i / {i/� PHONE NUMBER J L l — O •2 LL.11 lY Y EI J IX11 1 r LLtt It A'`� n.•. •, PLEASE COMP G IAN ASSESSOR ON OR BEFORE APRIL 15 { til CyoEtr ��n _ . Q . '; %•:.VP � 926 • 4- ASSMT• YR: 1992 Pr.-SONAL PROPERTY UPDATE AT I UF'0 8 PIN: - '0001375 ACTJ:VI:::: of I:: 12/02/1986 TAX AREA: 0807 1.99:1. .085275 INACTIVE OW:c / / BUS CODE: `'13:11. TOP OPERATING COMPANY DATE: VALUATION: ASSO 05/14/1992 1820 4'10 :I.7 ST STE :L:1.20 NOV 06/1.0/1.992 1820 DENVER CO 80202 LAST YR 1.2/20/1991. 1.670 A C T 05/14/1992 0 LAST 1.11:':U :1.9/9.2/0;71.4 003 NBR 0TR NAME TYPE FROM TO C::TY ST CO Z3 I:: 00000 LOCATION 20399C LEASEHOLD :I NT SE4SE4 25 2 67 PARCEL 131125000039 03 PHONE APPRh S• r ON DS FILED 04081992 LEASE: i••IIT'C'I-1INC3S P '•• :L11'C)E:�.TE I:'F:3::C31: :I: FACTORS VALUE ..JPD �: �j 1::•I::r..t;F�s::x>�+:!? v r•t1...t..r.:. Fil :MENU MESSAGE: • • . • 920705 GRID vii.' - FACTORS FOR ASSIiT YR :1.99" AT I OF 293 OIL PIN - 0269688 F'A1 ....1:L- 131125000039 L),:} 1'L... .:a PIN 0001375 I._:I:NE. 7C)1. DS FILED 0406199 ' PRODUCTION TYPE (F'•'„:3) P API 0 C>'51.230Y'7950 DEPTH N 4700 uli:I...1... TYPE ((J,O .Wv'T) 0 PRODUCTION METH (NyPp1=,L„I „S) F' PRODUCTION,: OIL_ :L3:1.;1 (:AS ;:405 WATER 0 OPERATING DAY:a 365 FLOW RA"fEg .::3 .50 :L4.81 .,00 TANKS (Y/N) Y MOTOR TYPE (C3 E;,N) 6 CONDITION (Ii,,i :,V) A GAS PRODUCTION UNIT (Y/I••1) N (STRIPPER) TANK-••BAT'TFIiY:t TANKS t.) SEPARATORS 0 HEATER TREATERS r) LINE IL ATaS T" TABLE (:?Y hfi ILf BY FACTOR 3Y Ri.:;N1..D 70:1. 741.0 (3P OJ.... WIT 6466 92 6272 F'F :,i sF'DA"T'I::: 1::'F;`.y:c x EI._t':::TE: I '1-f ..B1:;.n(,J :.I::: F'1::'t?a i,!F'C) EQUIP INVENTORY Y F'F +T2 L.. ::i•^•:R 1:'(:JI'i ADD F'I=:'::R'r:::':;TAIt...f 7t)1. F'I::L&}oI;I: .TI.I►:..I••I F:•I:::}.2..,::T]:I... PRODUCTION MESSAGEg 905 • abAems Section VI, Page 6.23 Oil and Gas Equipment Market Value as of 1/1/92 D—J BASIN BASIC EQUIPMENT LISTS Total Value Pumping Oil Well with Tanks (Gas Engine) The basic equipment for a pumping oil well with oil storage tanks includes: Pumping Unit Sucker Rods to Depth Gas Engine Rod Pump Wellhead 300 Barrel Oil Storage Tanks with Stairway Heater Treater Flow lines — 600' Very Good Barrels 900 138429 138158 147418 800 138429 138158 138936 148151 700 124238 138158 138936 148151 600 105744 121529 135565 134848 145515 500 105744 102093 122191 134848 135582 146248 400 89774 102093 102641 122852 124308 136315 148032 148766 300 72137 72605 77990 78507 102446 103068 138099 138833 148449 200 64697 65131 65564 64948 65381 79541 82159 106412 107034 105556 138934 100 49960 50370 60431 60840 61250 61659 68799 76102 82664 81186 106849 3500 4000 4500 5000 5500 6000 6500 7000 7500 8000 8500 Average Depth Barrels 900 45924 45976 52591 800 45924 45976 46029 52644 700 39361 45976 46029 52644 600 28126 38889 45504 45556 52171 500 28126 27864 38941 45556 45609 52224 400 23086 27864 27916 38994 39046 45661 52696 52749 300 16261 16314 21616 21669 27496 27549 46134 46186 52801 200 14686 14739 14791 14319 14371 21774 22246 28074 28126 27759 45924 100 11536 11589 12691 12744 12796 12849 14896 16524 21826 21459 27811 3500 4000 4500 5000 5500 6000 6500 7000 7500 8000 8500 Depth Minimum Barrels 900 27560 27613 29503 800 27560 27613 27665 29555 700 20210 27613 27665 29555 600 16178 19381 26783 25786 28726 500 16178 16231 19433 25786 25838 28778 400 13553 16231 16283 19486 19538 25891 27886 27938 300 9353 9406 12608 12661 15863 15916 26048 26101 27991 200 7778 7831 7883 6886 6938 12766 12923 16126 16178 16126 26153 100 5888 5941 6413 6466 6518 6571 7148 9301 13028 12976 16178 3500 4000 4500 5000 5500 6000 6500 7000 7500 8000 8500 Depth 15—DPT—AS PUB—AR_VOL 51-90 Revised: 1-92 • 9207C Hello