Proposed state oil and gas measure could cost LAC over $1 million – The World Journal

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Proposed state oil and gas measure could cost LAC over $1 million – The World Journal

by Ruth Stodghill TRINIDAD —  At the April 16 meeting of the Las Animas County Board of Commissioners, County Assessor Jodi Amato sounded the alarm about Colorado HB 24-1367, a proposed piece of legislation that could have major implications for the county if passed. HB 24-1367 seeks to repeal the severance tax exemption for oil and gas wells designated as stripper wells, which typically produce 15 barrels per day or less of oil or 90,000 cubic …