URSA pays $718K in back taxes

RBC | The County Treasurer’s office received a $718,363 check from natural gas operator URSA Resources for 2019 back taxes plus interest owed through Sept. 2, 2020, when the company filed for Chapter 11 bankruptcy protection. URSA reported $303,205,987 in total debt in its bankruptcy filings.

The funds received from URSA will allow her office to get funds disbursed to the county’s special districts on time.

Terra Energy Partners (TEP) acquired URSA’s holdings in November 2020, and is expected to take over operations sometime this year, RBC Treasurer Rhonna Waldref said.

The county is still owed an estimated $780,000 in back taxes from various industry operators, one of which is currently in litigation with the county.