MDU Resources (MDU) has 95,000 net acres exposed to the Bakken in various parts of Montana and North Dakota. The company plans to spend $160 million on development here in 2012, up from $100 million in 2011.
Richland County, Montana
MDU Resources has approximately 30,000 net acres in Richland County, Montana, and is targeting the Three Forks formation. The company plans to drill 5 operated wells here and spend approximately $25 million.
MDU Resources said that the company has 100 gross drilling locations and that each well has a estimated ultimate recovery (EUR) from 250,000 to 400,000 per well.