Deals - Acquisition, Mergers, Divestitures
MDU Resources Acquires Interest in Bakken Midstream Assets
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MDU Resources Group, Inc. (NYSE: MDU), through its wholly owned subsidiary, Bitter Creek Pipelines, LLC, announced an agreement purchasing a 50 percent undivided interest in Whiting Oil and Gas Corporation’s natural gas and oil midstream assets near Belfield, N.D. in the Bakken area.
The facilities include a newly constructed, state-of-the-industry natural gas processing plant and a natural gas gathering pipeline system connected to the plant. A natural gas residue line that ties into the Williston Basin Interstate Pipeline Company system (an MDU Resources subsidiary) is also included, along with a crude oil gathering system, a crude oil storage terminal and a crude oil pipeline that connects the terminal to the Bridger Pipeline. Whiting will continue to operate the facilities.
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