MDU Resources Group, Inc. (NYSE:MDU) has announced that its wholly owned subsidiary, Fidelity Exploration & Production Company, reached a new Bakken production record of over 3,500 net barrels of oil per day from its operated wells. Including its non-operated production, the peak rate is now over 5,000 net barrels of oil per day.
The company continues to drill strong wells on its Mountrail County acreage. The most recent eight wells are listed below:
|Well||Formation||Initial 24-hour rate (gross BOEPD)|
|TTT Ranch 34-27XH||Bakken||1,749|
|Lori 18-19H||Three Forks||804|
The company said that the results of these recent wells are very encouraging as their average 30-day rate represents a 44 percent improvement over all previous wells drilled by Fidelity. Additionally, the drilling operations continue to improve with the most recent long-lateral horizontal well, the Lance 21-22-27, being drilled in a record 28 days from spud to rig release.
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