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There are several reasons Montana is lagging behind neighboring states when it comes to oil and gas development. While North Dakota maintains nearly 200 drilling rigs at any given time, Montana has struggled to keep rigs running. North Dakota issued over 2,500 drilling permits last year. Montana issued only 297. Considering these numbers, it should come as no surprise that North Dakota is producing around a million barrels a day, while Montana pumps out less than 80,000 barrels a day. So what gives? Taxes, access, geology and regulatory...
