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A strong infrastructure is the heart of our economy. It is the oil, natural gas and electricity that power business, industry and our daily lives. It is the pipes and wires that connect our homes, factories, offices and stores to bring them to life. It is the transportation network of roads, highways and airports that keeps our economy moving. Infrastructure is our business. MDU Resources Group provides value-added natural resource products and related services that are essential to energy and transportation infrastructure. Our company was founded in 1924 as a small electric utility serving a handful of farm communities on the border of Montana and North Dakota. We realized early the value of delivering a variety of services, and grew our company by developing a core line of businesses. Today, we are a multibillion-dollar corporation with operations and customers across the country. MDU Resources is the largest publicly traded company headquartered in the four-state region of North Dakota, South Dakota, Montana and Wyoming, and we do business in 44 states. Since 1948, our stock has been traded on the New York Stock Exchange. It trades under the symbol MDU.
Oklahoma Energy Services is a Tulsa, OK-based company in the Energy and Utilities sector.
Suburban Stationers Inc is a Middletown, CT-based company in the Energy and Utilities sector.
Tillamook Peoples Utility District is a Tillamook, OR-based company in the Energy and Utilities sector.
AMGAS has acquired a 40% participation in a Farmout Agreement providing it with the right to explore and develop natural gas, helium and other noble gases as well as brine minerals contained inside the Hugoton Gas Field in Haskell and Finney Counties, Kansas. The farmout agreement covers drilling and completion of up to 50 wells, including the first production well drilled and completed in August 2022. The Farmout Agreement provides the partners the right to utilize existing infrastructure assets, including water disposal, existing brine stream, gas gathering and helium processing, as part of the Farmout Agreement. The Farmout Agreement also provides the partners with rights to take in-kind, and market its share of helium. Therefore, we will be able to market and sell the helium produced, at prevailing market prices, by taking its helium in-kind.