Re-Look at MDU - Fidelity Plans For Ten (10) Rigs By End of Next Year -- Bakken, North Dakota, USA

See link posted a few minutes earlier.

Think about that. Perhaps MDU/Fidelity won't be putting all ten (10) rigs in the North Dakota Bakken, but one has to assume most of them will end up here. MDU/Fidelity has a relatively small footprint in North Dakota: 90,000 acres.

By comparison, Continental Resources has almost a million acres, and even "tiny" Oasis which got its start by buying Fidelity's Cottonwood oil field acreage, has over 300,000 acres.

Even with that relatively small footprint, Fidelity will be moving to 10 rigs. And maybe they will stop with three or four in the Bakken and deploy the rest in such areas as the Niobrara. But right now, the Niobrara does not appear as active as the Bakken.