News & Alerts
August 4, 2020 COGCC ADOPTS INCREASED MILL LEVY
The Colorado Oil and Gas Conservation Commission unanimously adopted an amendment to COGCC Rule 310 to increase the mill levy from 1.1 mills ($0.0011 per dollar value) to 1.5 mills ($0.0015 per dollar value). The COGCC’s main revenue source is the mill levy, which has been directly impacted by current market conditions. The COGCC initiated the mill levy Rulemaking to balance its finances and to be able to meet its statutory requirements to protect public health and safety in oil and gas development. The effective date of the mill levy increase will be October 1, 2020.