Oil and natural gas production from Whiting’s Pronghorn acreage in Stark and Billings counties, combined with adjacent Stark County acreage owned by Fidelity Exploration & Production Company (an MDU Resources subsidiary), will supply these facilities. Fidelity and Whiting currently have a combined seven rigs operating in the acreage feeding the facilities.“These assets will provide valuable natural gas and crude oil infrastructure for us to capture and process natural gas and allows us to take advantage of more choices to market crude oil,” Hildestad said.
MDU Resources Subsidiary Purchases Interest In Bakken Oil And Natural Gas Midstream Assets
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
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
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts