Fidelity Exploration For Sale

Fidelity eX(Moab Utah)-The parent company of Fidelity Exploration and Production, MDU Resources, announced this week that it is planning on selling of Fidelity. David Godin, President and CEO of MDU the corporation sees continued attractive investment opportunities in Fidelity but needs it resources for other projects in North Dakota. Fidelity will continue drilling and production operations in Grand County say8ing it sees a continued upside in Grand County Resource Development. The company did say that environment activism in the area has not played a part in its plans to sell, but adds, the industry is a frequent target of well-funded and organized environmental groups “that unfortunately the energy industry must deal with. The company also says it will continue with plans to use a newly developed hydraulic fracturing process in the area.

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