Ernest's Feed
Feb 2, 2015

MDU Resources says oil unit sale won’t be this year

, Feb 2 (Reuters) – MDU Resources Group Inc
said on Monday it would wait until 2016 at the earliest
to try and sell its North Dakota oil production division, citing
low crude prices.

MDU, a conglomerate that also owns a construction company as
wells as a utility that provides much of North Dakota’s
electricity, had previously tried to sell its Fidelity
Exploration and Production division arm before postponing the
sale last month.

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Jan 31, 2015