One-Page Deal Sheet
MDU Resources to Up Ante in Powder River Basin via Asset Deal
MDU Resources Group Inc. Not Disclosed
Announced Date
February 12,2014
Effective Date
October 01,2013
Close Date
March 06,2014
Asset/Basin:
{"Powder River Basin"}
TargetZones:
{Frontier}
Net Acres
% Oil:
Location
Country
United States
State
Wyoming
Play
Production Production
Transaction Details: Subscribe to see
MDU Resources Group, Inc. reported that its indirect wholly owned subsidiary, Fidelity Exploration & Production Company, agreed to purchase working interests and leasehold positions in oil and natural gas production assets in the southern Powder River Basin of Wyoming from undisclosed private sellers.
The oil and natural gas properties, located in Converse County, Wyo., consist of primarily undeveloped mineral leasehold positions of approximately 41,000 gross acres and 23,700 net acres. The acquisition is expected to be accretive to 2014 earnings per share.
The purchase also includes working…
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