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Petroleum company asks Colorado Supreme Court for tax money back

Hasan Jamali

<p>In this Sept. 30, 2015, file photo, oil pumps work in the desert oil fields of Sakhir, Bahrain. Russiaís energy minister, Alexander Novak, said, Tuesday, Feb. 16, 2016, that it has agreed with Saudi Arabia, Qatar and Venezuela to freeze oil production at January 2016 levels if other producers do the same following a closed-door meeting in the Doha, Qatar. The meeting reflects growing concern among major oil producers about the effects a prolonged slump in crude prices will have on their domestic economies. (AP Photo/Hasan Jamali, File)</p>

By: Associated Press

Posted at 4:33 PM, Sep 14, 2016

and last updated 2016-09-14 18:34:17-04

GRAND JUNCTION, Colo. (AP) -- Occidental Petroleum is asking the Colorado Supreme Court to order the county, a school district and other local governments to return nearly $2 million to the company.

The company says it overpaid taxes on the amount of gas sold at the wellhead and the price because it failed to deduct some transportation and processing costs.

If the company wins, Mesa County may have to return $400,000, along with about $150,000 in interest.

According to the Grand Junction Daily Sentinel, the Colorado Court of Appeals has already ruled against the company and the company appealed.

The company did not respond to emails.

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Information from: The Daily Sentinel, http://www.gjsentinel.com

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Petroleum company asks Colorado Supreme Court for tax money back

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