MDU Resources Group, Inc., announced that its natural gas and oil production subsidiary has moved a second drilling rig into the Bakken oil play and is preparing to kick off a growing multi-year development program. Fidelity plans to invest about $2.1 billion over the next five years, including $306 million in 2011, to develop existing reserves and fund additional leaseholds.
Fidelity Exploration & Production Company expects the second rig to spud the TTT Ranch 33-28 well, located in Mountrail County, North Dakota next week. The well will target the middle Bakken formation.
Thursday, April 21, 2011
Fidelity (MDU) Adds a Second Rig -- Bakken, North Dakota, USA
Link here.
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