Feb 3 (Reuters) – Continental Resources Inc, the
second largest North Dakota oil producer, said on Tuesday its
production and reserves jumped last year as it ratcheted up
activities in an Oklahoma shale formation.
The reserves increase was less than some on Wall Street
expected, a reflection of the company’s immense size as it moves
from being an upstart operation that seven years ago helped
develop North Dakota’s vast Bakken oil formation into a steady
, 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.