IN THE MATTER OF REVIEW OF THE MILL LEVY CHARGE AS STATED IN RULE 308 OF THE RULES AND REGULATIONS OF THE OIL AND GAS CONSERVATION COMMISSION OF THE STATE OF COLORADO

Cause No. 1R, Order No. 1R-41 (was 1-52)

REPORT OF THE COMMISSION

This cause came on for hearing before the Oil and Gas Conservation Commission of the State of Colorado on October 19, 1987 at 9:00 a.m. in Room 110, State Centennial Building, 1313 Sherman Street, Denver, Colorado after giving Notice of Hearing, as required by law, on the Commission's own motion to consider a change in the mill levy charge in Rule 308 of the Rules and Regulations.

The Director reported to the Commission that based on present production levels and the price of oil and natural gas, no change in the mill levy was necessary; however,, the matter should be reviewed periodically.

The Commission, therefore, determined that the mill levy charge of one mill (.001) per dollar value shall remain.

DONE AND PREPARED by the Oil and Gas Conservation Commission of the State of Colorado this 19th day of October 1987.

OIL AND GAS CONSERVATION COMMISSION OF THE STATE OF COLORADO

By Frank J. Piro, Secretary