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MDU Resources Reaches New Bakken Field Production Record And Acquires Additional Bakken Acreage

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:



Initial 24-hour rate (gross BOEPD)
Clifford 14-24H-25     Bakken     1,957
Edith 14-29H-32     Bakken     1,872
TTT Ranch 34-27XH     Bakken     1,749
Dinwoodie 11-14H     Bakken     1,475
Arnold 11-14H     Bakken     1,224
Urho 11-36H     Bakken     1,068
Debbie 13-15H-22     Bakken     999
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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