Estimated 2015 HSC valuations

Hot Springs County Assessor Shelley Deromedi has released estimated values for the county for 2015.

Deromedi lists two different estimates, the first based on estimated production from the Minerals Tax Division, which is based on actual Severance Tax reporting.

That estimated valuation brings the valuation of the county up by 1.23%, or $230,368,132.

That number is reached basing the oil production during 2014 at $167,159,821, up .65% and gas production for 2014 at $399,034, down 9.1%

The second valuation figure is based on estimated production from five of the top six oil producers and one of the gas producers. Deromedi used those percentage changes and disregarded estimates from the Minerals Tax Division for oil and gas.

In this scenario, oil production is estimated at $161,324,644, down 4.56%, and gas production, also down, at $402,019. The gas estimate is down by 9.13%.

All of the other estimated numbers used for these valuations remain constant in both scenarios: current locally assessed valuation, $50,680,888; state assessed utilities, $6,260,251; railroads, $3,855,219; and hard minerals, $1,961,073.

Deromedi stresses that these are soft numbers and in no way official or final at this time. Most final numbers will not be available until July 1.