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Home My WebLink About910727.tiff CLERK TO THE BOARD r . , ,, ,\ P.O. BOX 758 i aREELEY,COLORADO 80632 (303)356-4000 EXT.4225 C. COLORADO July 31, 1991 Parcel No. : 130930000001 PIN No. : P 0010044 TOP OPERATING CO COUNTER 41-A D 410 17 ST STE 1120 DENVER, CO 80202 Dear Petitioner(s) : Based upon information furnished to this Board, we understand that you have withdrawn the petition challenging the valuation of the above PIN number. Therefore, the Board of Equalization took no action on your petition and the assessed value remains as that set by the Assessor. Very truly yours, / ARD OF�AL1Z TION Donald D. Warden Clerk to the Board i •' BY: .. - f,C /t <-i-P Carol A. Harding, Deputy 1 cc: Warren Lasell, Assessor 9107_7 1 ) �J fr BOE DECISION SHEET I PIN #: P 0010044 PARCEL ll: 130930000001 1fr .? J / + TOP OPERATING CO ,1 ; COUNTER T ST D d/ l' �`/ 410 17 ST STE 1120 DENVER, CO 80202 HEARING DATE: July 23, 1991 TIME: 1:30 P.M. HEARING ATTENDED? (Y/N) NAME: AGENT NAME: DECISION: DECREASE IN VALUATION INCREASE IN VALUATION NO CHANGE IN VALUATION ASSESSMENT RATIO ACTUAL VALUATION ORIGINAL ADJUSTED Land $ Improvements OR Personal Property 6238 Total Actual Value $ 6238 $ COMMENTS: MOTION BY TO SECONDED BY Lacy (Y/N) Kennedy (Y/N) Failed to meet burden of proof Harbert (Y/N) Comparables inadequate Kirby (Y/N) Assessor's data unchallenged Webster (Y/N) Other: RESOLUTION NO..9a-07;n7 915 10th S3RF.ET GREELF:Y,COLORADO 80631 NOTICE OF DENIAL PHONE(303) 356.4000, In.4256 11(111111c.-- C NW4NW4 30 2 tiff COLORADO --s 1 OWNER TOP OPERATING CO I TOP OPERATING CO PARCEL 1339330flQ0017. PIN P 0.010044 - `_-' COUNTER NI-A D 410 17 ST STE 1120 YEAR 1991 DENVER CO 80 20 2 LOG 00004 06/24/1991 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): Residential property is valued by considering the cost and market approaches. Agricultural land value is determined solely by the earning or productive capacity of the land, capitalized at a rate set by law. Producing mines are assessed at 25%of the gross proceeds or 100%of the net proceeds,whichever is greater. Oil and gas leaseholds and lands are assessed at 87.5% of the gross value of the oil and/or gas sold or transported from the premises on primary production;secondary production is valued at 75%. All other property, including vacant land, is valued by considering the cost, market,and income approaches. If your concern is the amount of your property tax, local taxing authorities (county, city, fire 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 o;238 ti;23 TOTALS $ $ 6. 2'36 $ 6; 238 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. WARREN L. LASELL 91.0727 By: :6/25 DATE WELD COUNTY ASSESSOR 65 ADDITIONAL INFORMATION ON REVERSE SIDE Form Form T-P,PR-2D -87/91 _ .. YOU HAVE THE RIGHT TO APPEAL THE ASSESSOR'S DECISION The County Bard of Equalization will sit to hear appeals beginning July 1 and continuing through August 10 for real property(land and buildings) and personal property (furnishings, machinery, and equipment). 39-8-104 and 39-8-107(2), C.R.S. APPEAL PROCEDURES: ;x 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 15. WELD COUNTY BOARD OF EQUALIZATION 915 10th Street, P.O. Box 758 Grf;ele°y, Colorado 80():32 _._..._._._._...._....Telel3hone (303) 356-4000, Ext. 4225 NOTIFICATION OF HEARING: You will be notified of the time and place set for the hearing of ,your appeal. COUNTY BOARD OF EQUALIZATION'S DETERMINATION: The County Board of Equalization mint make a derision on your appeal and mail you a determination within five business stays. The County Board must conclude their hearings by August 10. TAXPAYER RIGHTS FOR FURTHER APPEALS; if you are not satisfied with the County Board of Equalization's decision, you must file within thirty days of the County Board of Equalization's decision to ONE of the following; Board of Assessment Appeals (BAA): COntact the BAA at 131;3 Sherman, Room 315, Denver, Colorado 80203, (303) 866-5880. District Court: Oth Avenue and 9th Street, P.O_ 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) '356-4000, Ext. 4225 if you do not receive a determination from the.County Board of Equalization,you must file an appeal with the Board of Assessrnent Appeais by September 18. TO PRESERVE YOUR APPEAL RIGHTS, YOU MUST PROVE YOU HAVE FILED A TIMELY APPEAL; y THEREFORE, WE RECOMMEND ALL CORRESPONDENCE BE MAILED WITH PROOF OF MAILING. PETITION TO THE COUNTY BOARD OF EQUALIZATION to the space below, please explain why you disagree with the Assessor's valuation.Attach additional documents as necessary, • • +1q Z ' }ATE TOP OPERATING COMPANY 410 17TH STREET STE. 1120 DENVER, COLORADO 80202 JUNE 28 , 1991 Weld County Board of Equalization 915 10th Street , P.O. Box 758 Greeley , Colorado 80632 RE: APPEAL OF ASSESSOR' S DECISION OIL AND GAS PROPERTIES , WELD COUNTY , COLORADO Ladies and gentlemen; I am appealing the Weld County Assessor ' s decision on the following properties for the reasons stated . TOP OPERATING COMPANY COUNTER I -AD C NW4 NW4 30 2 66 PARCEL 130930000001 PIN P 0010044 YEAR 1991 ASSESSORS VALUATION $6, 238 .00 This well is a J Sand gas well . Depth is 7934 ' . Well was completed in 1981 . Equipment includes Wellhead with lubricator , Production Unit , 200 barrel storage Tank . 1990 production totaled 35 , 202 mcf . Days producing totaled 359 . Averaged daily production was less than 98 mcf/day . Used equip- ment was used to complete the well . Production is slightly better than a stripper . The equipment has a minimum value . According to Assessors reference Library Volume 5 , Personal Property Valuation, Section VI pg 33 said well should be valued at $1 ,696.00 TOP OPERATING COMPANY COUNTER 1 -30 SE4 NE4 30 2 66 SCHEDULE NO. 0001377 YEAR 1991 ASSESSORS VALUATION $6 , 238. 00 This well is a J Sand gas well . Depth is 7910 ' . First production in 1971 . Equipment includes Wellhead with lubricator , Production Unit , 200 barrel storage Tank . Average daily produc- tion is less than 90 mcf/day , just above stripper status . Twenty year old used equipment has a minimum value in today ' s market . This equipment is so outdated that it is not even manufactured any more . Parts are difficult to acquire . If and when the sur- face equipment breaks new updated equipment will have to be purchased According to Assessors reference Library Volume 5 , Personal Property Valuation , Section VI pg 33 said well should be valued at $1 ,696.00 . 910727 TOP OPERATING COMPANY DI-TIRRO #lA NW4 NW4 25 1 67 SCHEDULE NO. 001377 YEAR 1991 ASSESSORS VALUATION $10, 161 .00 This a Sussex oil well . Depth is 4816 ' . First production was in January 1979 . Equipment includes Pumping Unit , Gas en- gine , Wellhead , Heater Treater , Sucker Rods to Depth , Rod Pump , Tanks with Stairway , Flow lines- 600 ' . Production in 1990 was 4 . 72 bbls/day . Stripper status for a oil well is 10 bbls/day or less . The equipment is close to worn out . The engine has not been rebuilt since it was first put into service . Normally an engine has to be rebuilt every 7- 10 years (see attachment) . In view of the age and condition of the equipment and stripper status of the well I believe that the valuation should be mini - mum. According to Assessors reference Library Volume 5 , Personal Property Valuation , Section VI pg 20 said well should be valued at $5, 67.5.00. TOP OPERATING COMPANY SCHNEIDER # 3 NW4 NW4 30 2 66 PARCEL 130930000001 PIN P 0001372 YEAR 1991 ASSESSORS VALUATION $10, 161 . 00 This a Sussex oil well . Depth is 4550 ' . First production was in October 1976 . Equipment includes Pumping Unit , Gas en- gine, Wellhead , Heater Treater Sucker Rods to Depth , Rod Pump, Tanks and Flow lines- 600 ' . This well is on the same lease as the Watkins #2 well . The Watkins #2 well uses the same Heater Treater and tanks . Production in 1990 was 1 . 56 bbls/day . Strip- per status for a oil well is 10 bbls/day or less . The original equipment was used and has not been rebuilt . It is almost worn out . In view of the age and condition of the equipment and stripper status of the well , I believe that the valuation should be minimum. According to Assessors reference Library Volume 5 , Personal Property Valuation , Section VI pg 20 said well should be valued at $5 , 675.00. Should you have any questions or need additional information please contact me at the above address . Yours truly , ur ay J . llvgwavPre ident OP Operg Company 91.C7t, Oil and Gas Equipment Section VI,Page 33 Market Value as of 1/1/91 D,I BASIN BASIC EQUIPMENT LISTS Flowing Gas Well With Tanks The basic equipment for a flowing gas well with oil storage tanks includes: Wellhead Separator or Production Unit 300 Barrel Oil Storage Tanks with Stairway Flow lines-600' Very Good MCF 850 19660 19660 19660 19660 19660 19660 21235 21235 21235 19660 19660 750 19660 19660 19660 19660 19660 19660 21235 21235 21235 19660 19660 650 19660 19660 19660 19660 19660 19660 21235 21235 21235 19660 19660 550 19660 19660 19660 19660 19660 19660 21235 21235 21235 19660 19660 450 19660 19660 19660 19660 19660 19660 21235 21235 21235 19660 19660 350 19660 19660 19660 19660 19660 19660 21235 21235 21235 19660 19660 250 19660 19660 19660 19660 19660 19660 21235 21235 21235 19660 19660 150 19660 19660 19660 19660 19660 19660 21235 21235 21235 19660 19660 60 19660 19660 19660 19660 19660 19660 21235 21235 21235 19660 19660 3500 4000 4500 5000 5500 6000 6500 7000 7500 8000 8500 Depth Average MCF 850 6238 6238 6238 6238 6238 6238 6446 6448 6448 6238 6238 750 6238 6238 6238 6238 6238 6238 6448 6448 6448 6238 6238 650 6238 6238 6238 6238 6238 6238 6448 6448 6448 6238 6238 550 6238 6238 6238 6238 6238 6238 6448 6448 6448 6238 6238 450 6238 6238 6238 6238 6238 6238 6448 6448 6448 6238 6238 350 6238 6238 6238 6238 6238 6238 6448 6448 6448 6238 6238 250 6238 6238 6238 6238 6238 6238 6448 6448 6448 6238 6238 150 6238 6238 6238 6238 6238 6238 6448 6448 6448 6238 6238 60 6238 6238 6238 6238 6238 6238 6448 6448 6448 6238 6238 3500 4000 4500 5000 5500 6000 6500 7000 7500 8000 8500 Depth Minimum IMF 850 1591 1591 1591 1591 1591 1591 1696 1696 1696 1591 1591 750 1591 1591 1591 1591 1591 1591 1696 1696 1696 1591 1591 650 1591 1591 1591 1591 1591 1591 1696 1696 1696 1591 1591 550 1591 1591 1591 1591 1591 1591 1696 1696 1696 1591 1591 450 1591 1591 1591 1591 1591 1591 1696 1696 1696 1591 1591 350 1591 1591 1591 1591 1591 1591 1696 1696 1696 1591 1591 250 1591 1591 1591 1591 1591 1591 1696 1696 1696 1591 1591 150 1591 1591 1591 1591 1591 1591 1696 1696 1696 1591 1591 60 1591 1591 1591 1591 1591 1591 1696 1696 x'1696 1591 1591 3500 4000 4500 5000 5500 6000 6500 7000 7500 8000 8500 Depth 91_C7--A-7• 15-OPT-AS PUB ARL VOL 5 3-90.REVEED 4-91 Section VI, Page 20 Oil and Gas Equipment Market Value as of 1/1/91 D -J BASIN BASIC EQUIPMENT LISTS Pumoing Oil Well With Tanks (Gas Engine) The basic equipment for a pumping oil well with oil storage tanks includes: Pumping Unit, Gas Engine Wellhead Heater Treater Sucker Rods to Depth Rod Pump 300 Barrel Oil Storage Tanks with Stairway Flow lines-600' Very Good Barrels 900 132997 131867 142840 800 132997 131867 132838 143767 700 114348 131867 132838 143767 600 95786 112189 129898 128332 141754 500 95786 94396 110962 128332 129259 142680 400 75836 94396 95105 113751 116134 130185 143082 144009 300 68635 69216 74538 75179 87283 88011 130587 131514 142835 200 64547 65069 65590 62962 63483 76461 78676 91043 91772 90925 132718 100 46537 46668 57096 57549 58002 58455 66869 74067 80222 79375 92548 3500 4000 4500 5000 5500 6000 6500 7000 7500 8000 8500 Depth Average Barrels 900 46422 46511 68650 800 46422 46511 46600 68739 700 40122 46511 46600 68739 600 33244 39423 45813 45902 68041 500 33244 32808 39513 45902 45991 68130 400 23374 32808 32898 39602 39691 46080 68430 68519 300 18544 18633 23028 23117 29401 29490 46380 46469 68608 200 16480 16559 16638 16718 16797 23295 23595 29879 29968 29847 46527 100 14307 14383 15772 15848 15925 16001 17295 19379 23773 23652 29937 3500 4000 4500 5000 5500 6000 6500 7000 7500 8000 8500 Depth Minimum Barrels 900 29909 29999 31978 800 29909 29999 30088 32067 700 23294 29999 30088 32067 600 15167 21977 28681 27720 30749 500 15167 14732 22066 27720 27809 30839 400 12647 14732 14821 22155 22244 27899 29983 30072 300 10442 10532 11776 11865 14999 15089 28093 28182 30161 200 8378 8457 8536 7566 7645 12044 12238 15372 15461 15446 28345 100 5207 5284 5675 5751 5828 5904 8038 11172 12416 12401 15535 3500 4000 4500 5000 5500 6000 6500 7000 7500 8000 8500 Depth 15-DPT-AS PUB ARL VOL 5 3-90.REVISED 4-91 • ARROW CAN SAVE YOU ARROW ENGINES HAVE resulting in up to 37,000 per 1/4 mile for 69.3% TODAY 95% UP-TIME EFFICIENCY electricity. After shutting-in the well, the line still belongs to the electric Case #4 UPDATE 1984 Gas vs.Electric company' E »Electric Motor Arrow C-96 3•Arrow Quality—Arrow engines 30 hp 20 hp with nominal maintenance will run 7-30 years between major rebuilds. All Annual Annual ;�t engines can be rebuilt to new specs, in Or Of \W )f 5-Year • the field,within one day. Total Depre. Total Depre. '� 4.Arrow Parts Retrofit the Oldest Item Cost Cost Cost Cost Arrow Engines. The engine will never Motor $ 3,765 $ 753 $11,374 $ 2,275 / • \ be obsolete as the modern parts will Power / always retrofit. Hookup 20,000 4,000 ]50 30 Routine i r 5.Distribution of Arrow Parts and Well Engines are throughout the world of oil Mainz 1,000 1,500 I ' ' Service 120 ],041 in over 1400 local supply houses. Energy 6176,,KWIO,933 02 sodiry4,8113 ' i 6. Rising Electric Rates—Electric Total $15,8116 $ 9,664 "1 can depend upon Arrow engines to rates have risen from about la/KWH in keep our wells pumping By using gas 1974 to over 7a/KWiI today. Rates are Arrow Gas Engine Salts-- $6,142 or 19.991. engines we have cut our costs by as much projected to increase 18% per year until of Electric Case as 70%.Our experience with gas engines the year 2000. Electricity could cost Without Costing the Gus Used, shows that we are achieving 95% pump up- over 708/KWI1 or 10 times today5 rates ibis PEO[(IIQT J'atts— $10,968 or 69.3% time while achieving only 93% with in the year 2000. of Electric Cast. electric motors." GORDON McCUAIG-FIELD PRODUCTION 50( / • SUPERINTENDENT WESTMIN RESOURCES RATES RASE This producer in Oklahoma now is = N saving almost 70% of his prime mover ALBERTA, CANADA ;,to STMQ 197/ costs by using Arrow gas engines. You can save, too! ARROW SERVICE SCHOOLS z 7.6t Kwh CAN HELP x 5 SAVINGS WILL BE EVEN Arrow conducts regular daho / service schools in "Tulsa, Oklahoma. MORE IN THE FUTURE " This world renowned school has 1974 1984 1994 ) Electric rates rising from la/Kwh in trained hundreds of operators, 1974 to 7.68 Kwh in 1984, have pumpers, engineers, service personnel, 7. Engine Efficiency— Lightning can increased production costs from about and others in the efficient operation of stop an entire electric powered oil field. $1,960 in earl fuel costs to over single cylinder slow speedpumpingTodayS improved engine withstands all yearly g . P elements. It can have speeds easily 39,933 in 1984 on a '30 hp motor, engines. By 1994, electric rates could rise 3 to Arrow also conducts numerous changed to fit well conditions; and 5 times making your production costs schools in the field at producers local moved when the job is done. excessively high, shops and offices. Intensive one day 8.Autotnatic Start Controls—Arrowk schools can create significant progress Auto-Start System can start and stop GAS ENGINES CAN BE MORE in achieving high operating efficiencies your engine at timed intervals just tike EfFICIENT THAN ELECTRIC and reducing maintenance costs., an electric pump panel freeing you to MOTORS Call Arrow Today to find out how use the flexibility of gas engines to you can schedule your personnel into speed up or slow down to nearly any Experienced users of gas engines are the schewl which can save you degree well conditions dictate. achieving as good or better up-time thousands of dollars in operating costs. efficiencies as with electric motors. These users know that electric power GAS VS ELECTRIC: EIGHT FACTORS is more costly in power costs as well YOU SHOULD KNOW �` !°9 T 3 I. as downtime costs. S' ® 1 Success with gas engines comes 1. Reduced HP Requirements—Gas through training of personnel to engines requite only 74% of the hp ^ + liar.,t" '.;it - 4 used b an electric motor to lift the . i` operate the engines properly and y li creating a regularly scheduled same beam pumping load, according to I ' - 4, j M preventative maintenance program. API. The heavy flywheel carries the ' Your engines may not have 95% up- engine through its peak load V .,,- ..�1 time efficiency but they can and Arrow 2. Costly Power Drops— Construction +i2 ,, \ � tg — ii will help you do it. costs of $5-6 per foot are common I I ® 97_ 7217 2301 E.Independence,'Tulsa,Ok. . AR Call us Toll-free at 1-800.331.3662 74110•(918)583-5711 SPECAIIn Oklahoma 1-800-722.3696. TELEX 497551 ��CO. In 744.;15-85 • . 6 \ diva CLERK TO THE BOARD P.O. BOX 758 GREELEY,COLORADO 80832 (303)3584000 ea.4225 WI' Be COLORADO • July 10, 1991 Parcel No. : 130930000001 PIN No. : P 0010044 TOP OPERATING CO COUNTER 111-A D 410 17 ST STE 1120 DENVER, CO 80202 Dear Petitioner(s) : The Weld County Board of Equalization has set a date of Tuesday, July 23, 1991, at or about the hour of 1: 30 P.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 Boards 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, 1991, and mailed to you on or before August 16, 1991. 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. a1_C7a TOP OPERATING CO - P 0010044 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, BOARD OF EQUALIZATION Donald D. Warden, Clerk to the Board BY: Carol A. Harding, Deputy _ cc: Warren Lasell, Assessor Hello