Replies to post #40 on MDU Resources (MDU)

[OilStockReport]

I expect continued growth and value here:

In 2012, it estimates 12 wells will be drilled and completed. 75 potential operated locations on 640 acre spacing are planned in Stark county. An EUR of 250-500 MBOE per well is expected. On April 21st of 2011, MDU announced a five year $2.1 billion investment to develop and produce oil and natural gas properties. This will be spent on other areas as well as the Bakken. MDU also announced lower production due to bad Bakken weather.

[OilStockReport]

UPDATE

BISMARCK, N.D.--(BUSINESS WIRE)-- Montana-Dakota Utilities Co. announced today that it has filed an application with the North Dakota Public Service Commission for an advance determination of prudence to construct, own and operate an 88-megawatt simple cycle combustion turbine, as well as the related infrastructure needs for the project.

The natural gas-fired electric generation facility would be located on existing company-owned land next to the company’s R.M. Heskett Generating Station near Mandan. The facility is needed to meet the capacity requirements of Montana-Dakota’s electric customers served by the company’s integrated system. At capacity, the facility would generate enough electricity to serve about 86,000 Montana-Dakota customers.