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Tuesday, March 16, 2010

MDU/Fidelity Announces Acreage Purchases: Bakken, Niobrara, Green River Basin

Fidelity (a subsidiary of MDU) is acquiring acreage in the Bakken, the Niobrara and Green River Basin. The Bakken acquisition results in an additional 40,000 net acres, increasing their total Bakken pool to 56,000 net acres. The Niobrara deal will result in an additional 27,000 acres.

The Bakken acreage is in western North Dakota; approximately 40,000 net acres with the Three Forks Sanish play as the primary target.

The Niobrara is an emerging oil shale play located in southeastern Wyoming and north-central Colorado.

The Green River Basin is in southwestern Wyoming. This is a natural gas play. MDU is the largest natural gas producer in Montana.


You can find full press releases at the MDU web site.

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