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Commissioners warned of steep revenue drop as Kinder Morgan scales back regional production
Summary
Commissioners discussed a county workshop on regional energy production and noted signs that Kinder Morgan's CO2 and related operations could be scaled back or decommissioned sooner than previously expected, raising the prospect of large county tax-revenue reductions.
A commissioner told the board the county attended a workshop on energy production in southwest Colorado and reported an estimated five-year timeline for Kinder Morgan to scale back CO2 operations; that timeline, the commissioner said, could accelerate after reports that related local operations have suspended activity and Air Products is decommissioning a site.
"...we've been given a timeline of about five years for Kinder Morgan to really scale back production..." the commissioner said, adding that a recent decommissioning and staff layoffs at a related operator signaled the change could come sooner and could remove a "substantial portion" of tax revenue from the county.
The board discussed seeking a more detailed statement from Kinder Morgan and preparing for potential revenue impacts. No formal action or budget amendment was taken at the meeting, but commissioners flagged the need to monitor the situation and pursue follow-up information from company representatives and state sources.
