Fidelity Exploration & Production Company is involved in the acquisition, exploration, development and production of natural gas and oil resources. Fidelity’s activities include the acquisition of producing properties and leaseholds with potential development opportunities, exploratory drilling, and the operation and development of natural gas and oil production properties. Fidelity shares revenues and expenses from the development of specified properties in proportion to its ownership interests.
Fidelity is headquartered in Denver and has operating offices in Glendive, Mont.; Sheridan, Wyo.; and, Houston.
Fidelity is part of the WBI Holdings family of companies which are all indirect wholly owned subsidiaries of MDU Resources Group (NYSE: MDU). MDU Resources is a member of the S&P MidCap 400 index providing value-added natural resource products and related services and operates with three core lines of business: utility resources, energy, and construction materials. WBI Holdings comprises the energy business line for MDU Resources.
A legacy company of MDU Resources, its roots date back to the 1930s. First known as Fidelity Gas Company, its first responsibility was to find and develop natural gas reserves to feed a pipeline that ran from Baker to Glendive, Mont.