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Article: Fidelity E & P Increases Natural Gas Reserves to Help Meet Rising National Demand.
- Article from:
- Business Wire
- Article date:
- March 13, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
DENVER--(BUSINESS WIRE)--March 13, 2001
As a result of an active drilling and acquisition program, combined with a consolidation of activities, Fidelity Exploration & Production Company (Fidelity E & P) - the natural gas and oil production segment of MDU Resources Group, Inc. (NYSE:MDU) - reported reserve increases for 2000. As of December 31, 2000, Fidelity E & P had 400 billion cubic feet equivalent (Bcfe) of proven natural gas and oil reserves, up 12 percent from 357 Bcfe at year-end 1999. In addition to the company's proved reserves, leasehold positions acquired in 2000 in the Powder River Basin of Wyoming and Montana hold unproven ...