Monica Deromedi, Ececutive Director

www,cbnga.com
Wyoming / Montana
Coal Bed Natural Gas
Tax Revenues
 Sheridan County
2009 – All Property Tax Distribution

School Bonds,
Education <1%
73%

County General
Fund, 18%

Municipal
3% Rural Fire, Weed & Pest,
3% 3%

Source: Sheridan County Assessor

 Sheridan County
Historical Taxable Value
$793,523,684
$700,000,000

$600,000,000
446%
$500,000,000
$400,000,000
$145,093,152 $300,000,000
$145,093,152
$200,000,000

$100,000,000
$0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Residential Agriculture Commercial State Industrial

SOURCE: WY DOR
Local Industrial Other Mineral CBNG Edit: 12.01.09
 2000- Sheridan County – 2009
ALL Property Assessed Valuation (except vehicles)

2000 - $145,093,152 2009 - $793,523,684

Source: WYDOR
Edit: 04.05.10
 Sheridan County
Well Completions / Population

Well Completions Population

700 29,000
591 28,500
600 28,490
475 28,000
500
389 416 27,500
400 354
27,000
300
26,500
26,727
200
26,000
100 25,663 25,500
32
0 0 0 2
0 25,000
1999

2003

2004

2006
1995

1996

1997

1998

2000

2001

2002

2005

2007

2008

2009
//wdsecure.k12.wy.us/pls/warehouse/wde

SOURCE: WY eadiv / WYOGCC

Edit: 03.01.10 6
 Sheridan County
CBNG Taxable Value -2010?

SOURCE: WY DOR
Edit: 12.01.09
 Johnson County
Historical Taxable Value – All Property
Value of 1 mill
2000 - $78,231 $1,823,851,657
2009 - $1,823,852

124%
2,

$78,231,309

SOURCE: DOR
8
Edit 04.06.10
 Johnson County
Percentage Individual of Total Value

2000 - $29,389,781 2009 - $1,710,372,481

Bentonite Uranium
Uranium CBNG Oil
Gravel Less than Less than
Less than Less than 5% 1%
Gas Gas Less than 1%
1% 1%
Local 4% Less than 1% Local
Bentonite Industrial 1% Industrial
6% 19% Gravel
6%
1%

CBNG
Oil 89%
70%

Oil Bentonite Oil Bentonite

Uranium Local Industrial Uranium Local Industrial
CBNG Gas CBNG Gas
Gravel Gravel
 Johnson County
2009 - Energy Mineral Percentage Value

$1,607,746,845 Oil Gas

5% less than
1%

CBNG
95%

Source: WY DOR
Edit: 05.05.10 10
 Johnson County
Well Completions / Energy Mineral Value
1,250 Well Completions $2,000,000,000
Energy Mineral Value

1,086
Total to date : Completions - 5,169 $1,750,000,000
Permitted, not drilled: Fed 703, 144 State and Fee $1,607,746,
1,000 Waiting for WOGCC permits: 24
845
$1,500,000,000

777
$1,250,000,000
750
609
572 $1,000,000,000

500 466
400 $750,000,000

$500,000,000
239
250 198
156
121 $250,000,000

0 $0

SOURCE: WYDOR & WYOGCC

11
Edit: 04.30.10
 Johnson County
CBNG Taxable Historical & Estimate Value

The taxable value of CBNG is estimated to

decrease by 44% for tax year 2010. The
production volume was up, but the spot
market value decreased significantly (61% for
Johnson County).
 Spot Opal Hub - Mcf
$13.00
$12.14
Avg. 2008 $6.56 Mcf $12.00

$11.00

Avg. 2009 $3.18 Mcf $10.00

$9.00

$8.00
2008
2006
2007 $7.00

2004
$6.00

2003 2010
2005 $5.00

$4.00
2009

$3.00

$2.00

$1.00
$1.09
$0.00

Source: WY EADIV
Edit 03.07.09
 Opal Hub Spot Market Mcf

2008

Source:
14 WYOGCC
Edit:05.05.10
 CBNG Production by County
Powder River Basin

Mcf
400,000,000 363,740,326

350,000,000
300,000,000
250,000,000
200,000,000 129,759,896
150,000,000
63,463,640
100,000,000
50,000,000 12,264,130
0

Campbell, WY Johnson, WY
Sheridan, WY Big Horn, MT
Source: WY OGCC / MT BOGC
Edit: 09.15.09
 Johnson County
Energy Mineral Value – Arrests per 1,000
Energy Mineral Value Arrests per 1000
$1,800,000,000 40

$1,600,000,000

$1,400,000,000
35
$1,200,000,000

$1,000,000,000 31
30 30
$800,000,000

$600,000,000 27 27
26
$400,000,000 25 25
23 23 24
$200,000,000 22
$0 20
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

16
Source: WY DOR; Attorney General Office
Edit: 05.05.10
 The Powder River Basin

Tax Revenue 2008 - $11,579,749

1026 Wells

Tax Revenue 2008 - $320,924,116

26,580 Wells
 CBM Wells 2008
Northern Powder River Basin
e servoir
Tongue River R
Montana

Wyoming

Map courtesy of Energy Minerals County Coalition

 Coalbed Natural Gas Taxes
Montana Wyoming
• Production tax 9.26% • Ad Valorem varies by taxing
authority- ave. 69.90 mill
• Corp license tax
• Severance FMV 6 %
net income- 6.75%
• Mineral Royalties
• Mineral Royalties – Federal 12.5%
– Federal 12.5% – State 16.67%
– State 16.67% – Fee ??
- Fee ?? • Tangible prop sales tax
• Industrial Property – 6% – State 4%
– Local Option 2%
 2008 -Production Tax Distribution
$6,909,993
Big Horn County State of Montana

Source: MT Dept of Revenue Montana Code: 15-36-332

Edit: 10.10.09
 Production Tax Distribution
2008 - $6,909,993
Big Horn County $3,112,951 State of Montana $3,797,042

Source: MT DOR
Edit: 10.10.09
 2008 Wyoming CBNG Tax Revenues

$320,924,116
PRB 98.3%

WRB .27%

GRB 1.43%

Source: WYOGCC & WY DOR Edit:11.02.08

WY Mineral Taxable Value
2009 - $20,396,881,862

CBNG
14% Oil 20%
Coal
Gas 46% 18%

Trona
2%
All Other Uranium
Less than Less than Bentonite
1% 1% Less than
Sand &
Gravel 1%
Less than
1%

SOURCE: DOR Edit 01.05.10

CBNB Industry 2008 Taxes
$320,924,116

Source: WYOGCC & WY DOR Edit:09..20.09

 Historical Production
Conventional & Coalbed Natural Gas

21.04%
2,750,000,000
2,500,000,000 CBNG % of total
2,250,000,000
2,000,000,000
Mcf
1,750,000,000
1,500,000,000 2.69%
1,250,000,000
1,000,000,000
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Conventional Natural Gas Coalbed Natural Gas

Source: WYOGCC Edit: 11.03.08
2006 Campbell County Mineral 2006 -
$3,697,804,946
0%

0%

33%

55%

2%
1%

Coal Oil Stripper Deep Gas CBNG Gravel Other

9%