Montana § 15-36-305 Determination Of Gross Value Of Product

Montana Statutes

§ 15-36-305 — Determination Of Gross Value Of Product

Montana § 15-36-305

Title 15TAXATION

Ch. 36OIL AND GAS PRODUCTION TAX

Part 3Oil and Gas Production Tax Act

This text of Montana § 15-36-305 (Determination Of Gross Value Of Product) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 15-36-305 (2026).

Text

15-36-305 . Determination of gross value of product.

(1)The total gross value of all oil or natural gas produced and sold each quarter must be determined by taking the total number of barrels or cubic feet of oil or natural gas produced and sold each month at the average value at the mouth of the well during the month that the oil or natural gas is produced and sold, as determined by the department. However, in computing the total number of barrels of oil or cubic feet of gas produced and sold, there must be deducted the amount of oil or gas used by the person in connection with the operation of the well from which the oil or gas is produced or for pumping the oil or gas from the well to a tank or pipeline.

(2)For the purposes of determining average value at the mouth of a well, a fee of

Free access — add to your briefcase to read the full text and ask questions with AI

15-36-305 . Determination of gross value of product. (1) The total gross value of all oil or natural gas produced and sold each quarter must be determined by taking the total number of barrels or cubic feet of oil or natural gas produced and sold each month at the average value at the mouth of the well during the month that the oil or natural gas is produced and sold, as determined by the department. However, in computing the total number of barrels of oil or cubic feet of gas produced and sold, there must be deducted the amount of oil or gas used by the person in connection with the operation of the well from which the oil or gas is produced or for pumping the oil or gas from the well to a tank or pipeline.
(2) For the purposes of determining average value at the mouth of a well, a fee of up to 25 cents a barrel paid to the operator or producer to administer royalty payments, whether or not the fee is payable on a per barrel basis, may not be considered a part of the value of the oil.