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 – “Fracking”

“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 …

Truth About “Subsidies”

There is likely no more misunderstood or misrepresented issue in the petroleum industry than the existing tax treatment for oil and gas producers. To better understand the existing tax structure; here is a breakdown of each mechanism working to incentivize drilling for sustainable domestic energy, jobs, and much needed revenue.