#ResourceValuation
LightNews LightNews
citizenptnewsut.bsky.social
Elk Operating's valuation plummeted by over $40 million due to new joint ownership ties and fluctuating oil prices, leaving San Juan County's budget hanging in the balance.

Read the full story

#UT #CitizenPortal #TaxationTransparency #BudgetStability #ResourceValuation
State assessment office explains $40M-plus valuation drop at Elk Operating and warns appeals will continue to affect county budgets
State centrally assessed staff told the commission Elk Operating's valuation fell after the company disclosed increased joint ownership with the Navajo Nation and other valuation adjustments; commissioners raised concerns about appeals, refunds and budget stability.
citizenportal.ai
September 17, 2026 at 6:03 PM
citizenptnewsok.bsky.social
Oklahoma County officials are diving into a heated debate over the true value of a questionable rig, raising concerns about potential misvaluations that could impact county finances.

Click to read more!

#OklahomaCounty #OK #CitizenPortal #ResourceValuation #TransparencyAccountability
Lehi council questions value of salvaged equipment amid discrepancies in reporting
Lehi council debates the reported value and handling of salvaged equipment and rigs
citizenportal.ai
July 14, 2025 at 6:54 PM