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)
|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.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV