Welcome

Fidelity Exploration & Production is involved in the acquisition, exploration, development and production of oil and natural gas resources. Fidelity’s activities include the acquisition of producing properties and leaseholds with potential development opportunities, exploratory drilling, and the operation and development of oil and natural gas production properties. Fidelity shares revenues and expenses from the development of specified properties in proportion to its ownership interests.

Fidelity’s business is focused in the Rocky Mountain region and Mid-Continent/Gulf states. Fidelity is headquartered in Denver and has field offices in Glendive, Mont., Sheridan, Wyo., and Houston, Texas.

Growth mode

Fidelity has a solid set of assets to grow from with more than 1,000 liquids-based drilling locations pending development.  The company is currently in an active growth mode and has increased its technical staff by more than 25 percent in the past 12 months. 

For 2012, Fidelity expects to invest approximately $400 million in energy development projects, an increase of over 45 percent from 2011.

Fidelity is part of the MDU Resources Group (NYSE: MDU) family of companies.