Educational Resources
Oil and Gas 101
The first step is exploration and discovery. Petroleum hydrocarbons (oil and natural gas) are the product of millions of years of plant decay which now inhibit porous rock formations. Throughout history, oil seeps (above surface) have been discovered around the country, including Montana’s very own Glacier National Park in the …
Rules and Regulation
The full spectrum of the oil and gas industry is regulated from start to finish by multiple layers of local, state, and federal law. Additionally, administrative rules from state and federal agencies further regulate oil and natural gas production for the safety of workers and the public, and for the …
Hydraulic Fracturing
“Hydraulic fracturing is essential for developing our abundant and environmentally desirable natural gas resources, and the safety and effectiveness of this process are proven every day.” Tom Richmond, former MBOGC Administrator Hydraulic fracturing is a 60+ year old stimulation technique used to extract oil and natural gas from tight formations. …
Montana Oil and Gas Tax Rates
Montana’s oil and gas production taxes are based on the type of production – primary, secondary, tertiary, or stripper, the age of the well – drilled before 1999 or after 1999, and whether the production takes place during a drilling incentive tax rate window – the first 12 months for …
Montana Refining
Downstream Sector Montana has a long history in production and refining, dating back to the early 1900’s. In 1935, there were 20 refineries operating across the Treasure State. Today there are four, with a total refining capacity 10 times greater than that of the thirties. Quick Facts: Cumulative refining capacity …