MDU Resources (MDU) has 95,000 net acres exposed to the Bakken in various areas in Montana and North Dakota. The company plans to spend $160 million on this play in 2012, a 60% increase over the $100 million spent in 2011.
Stark County, North Dakota
MDU Resources has approximately 50,000 net acres in Stark County, North Dakota, and is targeting the Three Forks formation. The company plans to drill 7 operated wells here and spend approximately $60 million.
MDU Resources said that the company has 14 gross drilling locations based on 640 acre spacing. The company said that each well has an estimated ultimate recovery (EUR) from 250,000 to 400,000 per well.