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MDU Exits the E&P Business as Last Fidelity Assets are Sold
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MDU Resources Group, Inc. has finalized the sale of its last marketed oil and natural gas production property. This completes the sale of the oil and natural gas assets marketed by subsidiary Fidelity Exploration & Production Company. Fidelity's offices, headquartered in Denver, are expected to be closed by mid-year.
Since late 2015, MDU Resources has sold its oil and natural gas production and lease assets under several agreements, including its Bakken assets in North Dakota; its Baker and Bowdoin assets, primarily in Montana; its Powder River Basin assets in Wyoming; its Greater Gulf Coast assets, primarily in Texas; its Cedar Creek Anticline assets in Montana; and its Paradox Basin assets in Utah.
David L. Goodin, president and CEO of MDU Resources, said: "This completes the final sale…
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