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County staff report $148,278 in refunds after oil asset sales affects valuation
Summary
Morton County staff told commissioners Merit’s refund was $126,028.93 and Scout’s was $22,249.90 (including tax and interest), following Merit assets selling to Eiger and a State 5% discount that reduced county valuation; commissioners discussed budget implications.
Morton County Appraiser Angela Eichman (participating by phone) and Treasurer Tiffany explained to commissioners that Merit’s use of a PUP (payment under protest) process for about 200 wells altered protest timing and produced refunds. The minutes record a Merit refund of $126,028.93 and a Scout refund of $22,249.90; these totals include tax and interest. All Merit assets have sold to Eiger; Scout’s disposition remains unresolved.
Officials said the State granted Merit a 5% discount that lowered the county valuation, and commissioners discussed options for county budgets in light of the reduced valuation. The minutes note Stevens County experienced a similar adjustment affecting roughly 500 wells.
