KOG: 70,000 Net Acres in the Bakken, North Dakota, USA

The last time I updated the data for KOG's net acreage I saw 61,000 net acres; in KOG's most recent (February, 2011) presentation, KOG shows 70,000 net acres. The increase is in their prospects west of the Nesson anticline. KOG now has approximately 35,000 net acres east of the Nesson and 35,000 net acres west of the Nesson.

(There may or may not have been an actual increase in KOG acreage this past quarter; I may have just missed something, or did not include their acreage in Elm Coulee, Montana, which I am now including.)

KOG's prospects in Dunn County are east of the Nesson.
The company's prospects in McKenzie, Williams, Divide (ND) and Sheridan (MT) counties are west of the Nesson.

For breakdown of acreage by producer, click here.

Other data points from KOG's current presentation:

• About net 320 drilling locations
• Will more than double production yoy
• 4Q10 exit: 2,100 - 2,700 boepd
• Average 2011: 5,500 - 6,500 boepd
• Note: the 6,000 boepd is an average; starting at 3,000 at beginning of year
• Will more than double their CAPEX yoy; from $75 to $200 million
• Long lateral EURs: 750 - 850,000+ boe
• Completion costs very high: as much as $9 million; at least $8 million
• All wells in the future will be long laterals

East of the Nesson

• As many as 3 Bakken and 2 TF long laterals in each 1280-acre unit spacing unit

West of the Nesson

• Three long laterals in each 1280-acre unit; two Bakken and one TF