MDU Resources Doubles Down on Bakken Shale Amid Growth

August 11, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Energy services provider MDU Resources Group Incorporated (Bismarck, North Dakota) cruised past concerns surrounding inflation and milder-than-normal weather to notch up a record $3.1 billion backlog in the second quarter, up 37% from the same period last year. As the company prepares to spin off its construction materials business so it can focus on regulated utilities and natural gas pipelines, it is building out its presence in the prosperous Bakken Shale.

Industrial Info is tracking more than $1 billion worth of active projects involving MDU, the bulk of which are related to projects in the Bakken Shale. Dave Goodin, the chief executive officer of MDU, attributes the growth in the company's pipeline business to the North Bakken expansion that was placed into service earlier this year.