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.
About MDU Resources
MDU Resources Group, Inc., a member of the S&P MidCap 400 index, provides value-added natural resource products and related services that are essential to energy and transportation infrastructure, including regulated utilities and pipelines, exploration and production, and construction materials and services companies. For more information about MDU Resources, see the company's Web site at www.mdu.com or contact the Investor Relations Department at firstname.lastname@example.org .Forward-Looking Statements The information in this release includes certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements contained in this release, including statements by executive management of MDU Resources and WBI Energy, are expressed in good faith and are believed by the company to have a reasonable basis. Nonetheless, actual results may differ materially from the projected results expressed in the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include fluctuations in crude oil and natural gas production and prices; the timely receipt of necessary approvals; and risks incidental to the development and operation of oil and natural gas wells, processing plants and pipeline systems. For a discussion of important factors that could cause actual results to differ materially from those expressed in the forward-looking statements, refer to Item 1A – Risk Factors in MDU Resources’ most recent Form 10-K.
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