MDU Resources suffers gas hangover
Still suffers from low gas prices, records $246.8M in write-downs; but led by Fidelity’s success in Bakken, Paradox output up 59%
Petroleum News Bakken
The ill effects of weak natural gas markets continue to weigh on MDU Resources Group Inc., despite becoming a more oily company last year through its exploration and production arm, Fidelity E&P Co.
MDU, which uses the full-cost method of accounting, was forced to write-down a hefty $246.8 million l....
[additional news subjects in this story]
Production jumps 59 percent
Earnings reach $25.5 million
Focus on high returns
9.9 million boe added
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