Are you a forward-thinking business or investor and you’re curious about expanding into energy-rich markets? Then you need to learn about the top oil and gas companies in Montana and what sets them apart. Energy is the future, and the future is now! As the oil and gas industry in the U.S. keeps evolving, Montana is gradually rising in building reputable and fast-growing companies.
Some of these firms are driving innovation, creating jobs, and contributing significantly to America’s energy independence. Montana’s oil and gas industry may not always dominate headlines like Texas or North Dakota, but it’s a quiet giant. Its companies are lean, agile, and deeply integrated with the local and national energy infrastructure. This post will show you some key players in Montana’s oil and gas industry.
How to Identify a Good Oil and Gas Company in Montana?
A reliable oil and gas company is often defined by its commitment to safety, environmental protection, and community investment. These are non-negotiable traits for firms in a high-risk, high-reward industry. So, when researching, look for businesses that openly share compliance records, community initiatives, and sustainability reports.
Another sign of a quality company is how transparent they are about their operations. Thus, reputable oil and gas companies in Montana usually provide easy access to project updates, investor relations, and environmental impact assessments. This type of openness builds trust with stakeholders, from government bodies to the general public. It also often reflects internal efficiency and regulatory compliance.
Top Oil and Gas Companies in Montana
Below is our list of the top oil and gas companies in Montana
#1. ExxonMobil
ExxonMobil is one of the world’s largest publicly traded energy providers and chemical manufacturers. It is involved in the exploration, production, and sale of crude oil, natural gas, and petroleum products. The company is also a major manufacturer and marketer of commodity and specialty petrochemicals. As one of the world’s most recognizable oil brands, ExxonMobil holds a commanding presence in Montana’s energy sector.
Similarly, ExxonMobil Billings refinery processes up to 60,000 barrels of oil per day. When it comes to reliability, scale, and innovation, ExxonMobil stands out. Likewise, the firm invests in cleaner technologies and has taken significant steps toward reducing its carbon footprint. Today, they’re heavily invested in algae biofuel and carbon capture technologies. For anyone looking for the top oil and gas companies in Montana, ExxonMobil consistently ranks at the top.
#2. ConocoPhillips
Founded in 1875, ConocoPhillips has earned its spot among the top oil and gas companies in Montana due to its focus on sustainability and performance. It is one of the world’s largest independent E&P companies based on production and proved reserves, operating in across 15 countries. As of December 31, 2023, ConocoPhillips had proved reserves of 6,750 million barrels of oil.
Furthermore, ConocoPhillips has made headlines for its commitment to environmental reporting and community development. From advanced drilling techniques to wildlife protection programs, ConocoPhillips stands out for marrying profitability with responsibility. Their core values center around SPIRIT: Safety, People, Integrity, Responsibility, Innovation, and Teamwork. Hence, they claim to have worked on projects that minimized environmental risk and impact, while benefiting communities.
#3. Phillips 66
Phillips 66 is an integrated energy manufacturing and logistics company with a diverse portfolio including refining, midstream, chemicals, and among others. Though it spun off from ConocoPhillips in 2012, Phillips 66 has quickly forged its own formidable identity. The company’s Billings Refinery is a central player in Montana’s refining network, producing gasoline, diesel, and jet fuel that power both local and regional markets.
Additionally, Phillips 66 ranks among the top oil and gas companies in Montana not just for its capacity but for its culture. Hence, the company is highly rated for its safety-first mindset and customer-centric values. Their “We’re Energy in Action” slogan reflects a people-focused approach that resonates across field operations and boardrooms alike. It is also active in the research and development of emerging energy sources. As a result, it has partnered with Chevron on chemicals through a joint venture known as Chevron Phillips Chemical.
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#4. CHS Inc.
CHS Inc. is a unique player among the top oil and gas companies in Montana because it’s a farmer-owned cooperative. It is a Fortune 500 secondary cooperative owned by United States agricultural cooperatives, farmers, ranchers, and thousands of preferred stock holders. Based in Minnesota, CHS owns and operates the Laurel Refinery in Montana, which processes 59,000 barrels per day. The company blends agriculture and energy seamlessly.
What sets CHS apart is its commitment to local impact. Thus, the company supports rural development, energy access for farming communities, and reinvestment in co-op members. This cooperative model makes CHS a standout among energy giants in terms of accountability and social value. Though smaller than ExxonMobil or Phillips 66, CHS has earned its place on the list of top oil and gas companies in Montana due to its authenticity and grassroots-driven growth.
#5. Montana Refining Company
Montana Refining Company, based in Great Falls, is one of the few oil companies with a name that proudly reflects the state it serves. A subsidiary of Par Pacific Holdings, this refinery has been operational since the 1950s and has a daily production capacity of around 10,000 barrels. Though modest in size compared to global players, it plays a vital role in supplying gasoline, diesel, and jet fuel across Montana and surrounding states.
Similarly, Montana Refining Company makes it on our list of the top oil and gas companies in Montana for its local impact and regional dedication. Unlike many of its larger counterparts, this company focuses almost exclusively on Montana’s energy needs, contributing to both economic and infrastructural development in the region. Their smaller scale also allows for a more agile and responsive operational model.
#6. Calumet Montana Refining, LLC
Calumet Montana Refining, LLC is another key player in Montana’s refining industry. Based in Great Falls and operating under the larger umbrella of Calumet Specialty Products Partners, L.P. Known for producing both fuel and specialty petroleum products. Their Great Falls facility is built to process approximately 25,000 barrels per day.
Moreover, Calumet is notable for its adaptability. Hence, beyond its production of standard fuels, it’s known for high-quality lubricants, solvents, and waxes used in various industries from cosmetics to manufacturing. This diversification allows it to remain competitive even when crude oil prices fluctuate.
#7. Marathon Petroleum Corporation
When it comes to brand recognition and expansive operations, Marathon Petroleum Corporation is a clear heavyweight. It operates the nation’s largest refining system, with about 3 million barrels per day of crude oil capacity across 13 refineries. Marathon also has a strong presence in Montana through fuel distribution and partnerships with local energy players. The company’s heritage traces back to 1887, giving it a rich history of resilience and reinvention.
While it doesn’t operate a refinery directly in Montana, Marathon still makes the list of top oil and gas companies in Montana thanks to its extensive supply chain influence. The company transports fuels throughout the region and maintains a network of retail and wholesale fuel outlets that cater to both urban and rural Montana communities. In addition to gasoline and diesel, its retail outlets offer various services including convenience store products, car washes and co-branded food products.
#8. Hess Corporation
Hess Corporation is another legacy brand with roots dating back to 1968. It was formed by the merger of Hess Oil and Chemical and Amerada Petroleum. Primarily, Hess is known for operations in North Dakota and the Gulf of Mexico. However, it holds key pipeline and production interests that directly affect Montana’s energy infrastructure.
As one of the top oil and gas companies in Montana, Hess earns its place for its role in upstream operations and midstream logistics. Hence, they are committed to innovation, utilizing advanced data analytics and automation to enhance drilling efficiency and reduce emissions. The company places a strong emphasis on ESG goals. Thus, it’s frequently rank on sustainability indexes like the Dow Jones Sustainability Index (DJSI).
#9. Whiting Petroleum Corporation
Whiting Petroleum Corporation is another notable brand among the top oil and gas companies in Montana with its focus on exploration and production. Founded in 1980 and based in Denver, Whiting has consistently invested in drilling innovation and horizontal drilling to unlock complex shale formations. Notably, Whiting company frequently publishes cost-per-barrel and break-even data, signaling transparency and discipline. This has made it a favorite among investors and energy analysts, especially in unpredictable market cycles.
#10. Bridger Pipeline LLC
Bridger Pipeline LLC plays a vital role in transporting crude oil throughout the Northern Rockies, including several key routes in Montana. While it doesn’t produce or refine petroleum, its pipeline network is a backbone of the region’s oil and gas logistics. Similarly, Bridger Pipeline’s operations touch every corner of the industry, facilitating the delivery of crude from wells to refineries safely and efficiently.
With decades of experience and multiple right-of-way agreements, they are one of the most trusted names in regional oil transport. The company has worked hard to improve its environmental reputation after past controversies. Bridger Pipeline has invested in leak detection systems, remote monitoring, and rapid response technologies.
FAQs About the Top Oil and Gas Companies in Montana
How do you explain the oil and gas industry?
The oil and gas industry involves the exploration, extraction, refining, transportation, and sale of petroleum and natural gas. It is divided into three main sectors: upstream (exploration and production), midstream (transportation and storage), and downstream (refining and distribution to consumers).
What is the future of the oil and gas industry in the US?
The future of the U.S. oil and gas industry is one of transition and adaptation, with a likely shift towards a more diversified energy. While the industry will likely remain significant for some time, growth will be tempered by increasing global efforts to reduce greenhouse gas emissions and the rise of renewable energy sources.
Is it expensive to live in Montana?
Montana’s cost of living is generally below the national average, but it varies by area. Some cities tend to be more expensive due to housing demand, while rural areas remain more affordable.
Does Montana have oil and gas?
Yes, Montana has both oil and natural gas resources. The state produces oil primarily from the Williston Basin in the northeastern region and has several natural gas fields as well.
How many oil wells are in Montana?
Based on recent data, Montana has over 4,000 active oil wells, though the number can fluctuate with market conditions and drilling activity.
Is there a lot of oil in Montana?
Montana has moderate oil reserves compared to states like Texas or North Dakota. While it isn’t a top producer, the state plays a significant role in regional oil production.
How can SEO Benefit the oil and gas industry in Montana?
SEO benefits the oil and gas industry by boosting online visibility, making it easier for potential clients, investors, and partners to discover companies through search engines. By optimizing websites and content with relevant keywords, businesses can improve their rankings, attract more traffic, and establish credibility. This digital presence helps position them as industry leaders, generate new opportunities, and stay competitive in the energy market.
