ARCHIVED  September 1, 2011

Greeley, Weld County state’s biggest recipients of severance, lease payments

DENVER – The city of Greeley and Weld County – located near the heart of
oil and gas drilling in Northern Colorado – are the biggest recipients
of this year’s severance tax and federal mineral lease payments in the
state.

Weld County received $1.73 million in state severance tax payments and
$845,881 in federal mineral lease payments. Greeley received $1.09
million in severance tax and $533,158 in mineral lease payments.

Another big recipient in the region was the town of Evans, which
received $315,895 in severance and $154,502 in mineral lease payments.

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Weld County is one of the state’s biggest oil and gas producers. By
comparison, Larimer County received $103,763 in severance and $82,574 in
mineral lease payments. The city of Fort Collins received $102,319 in
severance and $81,347 in mineral lease payments.

A total of $54.65 million was distributed to 506 cities, counties and
school districts. The money is derived from energy and mineral
extraction in the state by private companies.

“This direct distribution of energy impact funds is an important
resource for local governments,´ said Gov. John Hickenlooper in
announcing the payments from the state Department of Local Affairs.
“These funds help make vital, day-to-day operations possible, ensure
needed public improvements projects become reality and bolster
government services offered to local communities.”

DENVER – The city of Greeley and Weld County – located near the heart of
oil and gas drilling in Northern Colorado – are the biggest recipients
of this year’s severance tax and federal mineral lease payments in the
state.

Weld County received $1.73 million in state severance tax payments and
$845,881 in federal mineral lease payments. Greeley received $1.09
million in severance tax and $533,158 in mineral lease payments.

Another big recipient in the region was the town of Evans, which
received $315,895 in severance and $154,502 in mineral lease payments.

Weld County is one of…

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