MDU Resources Group Announces Final Investment Decision for Bakken East Pipeline
BISMARCK, N.D., Sept. 30, 2026 — MDU Resources Group, Inc. (NYSE: MDU) has announced a positive Final Investment Decision (FID) for its subsidiary WBI Energy to proceed with the Bakken East Pipeline Project. The pipeline, with a capacity of 1.4 billion cubic feet per day, is set to span approximately 350 miles from the Bakken region to Fargo, North Dakota.
President and CEO Nicole A. Kivisto emphasized the project’s significance for regional natural gas infrastructure, stating it will enhance reliability and serve the growing demand for natural gas in the area. Construction is slated for 2028-2030, with costs estimated between $2.7 billion and $3.2 billion. The project benefits from a $50 million annual commitment from the North Dakota Industrial Commission over ten years.
WBI Energy President Rob Johnson believes the pipeline will meet the needs of Bakken producers and end-users across North Dakota. The company is exploring financing options, including potential partnerships.
About MDU Resources Group, Inc.
MDU Resources provides electric utility and natural gas distribution services to over 1.2 million customers, operating a 3,800-mile natural gas pipeline network. For more information, visit www.mdu.com.
Contacts:
- Investor: Brent Miller, 701-530-1730
- Media: Byron Pfordte, 208-377-6050; Mark Snider, 208-377-6006
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements that are subject to various risks and uncertainties. For risks that could affect these statements, see the company’s filings with the U.S. Securities and Exchange Commission.
