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Thursday, 06/02/2011 5:04:34 PM

Thursday, June 02, 2011 5:04:34 PM

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MDU Resources Group Inc. (MDU) produces oil and natural gas as Fidelity Exploration and Production. Fidelity produces 35% of MDU's earnings. Fidelity has 646 BCFE of proved natural gas and oil reserves, with 69% of it natural gas.

In 2010, Fidelity increased oil production by 5% year over year to 28% total. The Bakken is its largest oil property. Its acreage is located in Mountrail County, North Dakota. Bakken production increased by 41% in 2010.

This is not an offer to buy or sell securities or any kind of investment advice. Oil investment carries very high risks so consult a licensed professional making any decisions. My resume is real time on Twitter @TurnKeyOil.

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