MDU lays out 5 year plan, with Bakken projects included

By Luke Geiver | November 19, 2019

A Williston Basin infrastructure, midstream and construction powerhouse has issued a five-year capital investment plan. MDU Resources said this month it intends to spend roughly $2.9 billion during the next five years.

MDU currently owns and operates several pipeline and Bakken oil- or gas-related assets. In the next five years, the Bismarck-based firm will look for organic growth in its natural gas processing facilities, including one in McKenzie County, North Dakota, often considered the core county of the Bakken play.

Natural gas production continues to break records in the Bakken, the company said, and the expansion planned for McKenzie County’s Demicks Lake plant could be just one of multiple projects.

Because of increasing power needs across an eight-state service area, MDU is also looking to build an 88-megawatt simple-cycle, natural gas-fired combustion turbine near Mandan, North Dakota. MDU has already requested the necessary permitting from the North Dakota Public Service Commission.

“MDU Resources is experiencing significant growth, and we have identified a number of key projects that will continue to carry us forward,” said David Goodin, president and CEO of MDU. “This five-year plan includes line-of-sight opportunities at all of our businesses, including activities at our regulated operations and our construction businesses.”