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MDU Resources: Q3 Earnings Snapshot

Bakken gas pipeline gets federal nod

Bakken gas pipeline gets federal nod Jun 4, 2021 3:00:pm Summary by: Daniel Graeber Posted in: Bakken gas pipeline gets federal nod A pipeline subsidiary of MDU Resources said June 3 it had secured federal approvals for a pipeline expansion project meant to deliver associated gas from the Bakken shale formation in North Dakota. The subsidiary, WBI Energy, received a certificate of convenience and necessity from the Federal Energy Regulatory Commission (FERC) for its North Bakken Expansion project, which could deliver as much as 250mn ft 3/d of natural gas from the Bakken shale. Pipelines remain the safest way to move natural gas around the country, and this project is vital to capturing natural gas that is produced – and currently flared – as an associated product of oil production in the Bakken,” MDU Resources CEO David L. Goodin said.

MDU Resources Subsidiary Receives FERC Certificate on ND Natural Gas Pipeline Project

WBI Energy, Inc., the pipeline subsidiary of MDU Resources Group, Inc. (NYSE: MDU), on Tuesday received an order from the Federal Energy Regulatory Commission issuing a certificate of public convenience and necessity on the North Bakken Expansion project, a natural gas pipeline expansion with capacity to transport 250 million cubic feet of natural gas per day from the Bakken in North Dakota.

MDU Resources rejoins Fortune 500 after decade-long absence

8 Best Utility Stocks to Buy for Downside Protection

While no one buys utility stocks expecting to see strong long-term growth, stranger things have happened. As we enter into a new era of electric vehicles, the demand on power grids is going to ramp up. That could well mean more upside than usual for some of these companies. Best Utility Stocks to Buy: AES (AES) Source: Shutterstock Virginia-based AES is a power generation company that operates in the U.S. and 15 other countries. AES has a long history of firsts. This includes being the first Independent Power Producer in the U.S. (1988), creating the first documented carbon offset program in the U.S. (1989) and in 2021, the AES Alamitos Battery Energy Storage System became the world’s first standalone energy storage project for local capacity.

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