Kodiak Oil & Gas reported that the co assumed its sixth operated rig; All of KOG's operated drilling rigs are presently drilling ahead on wells in North Dakota: All of co's operated drilling rigs are presently drilling ahead on wells in North Dakota, with one rig in Dunn County, two rigs in southern Williams County and three rigs in McKenzie County.
Furthermore, the co has an approximate 50% working interest in lands being drilled by two non-operated drilling rigs as part of its Dunn County Area of Mutual Interest.
Co has entered into a contract for a seventh operated rig, a new build rig, which is scheduled for second quarter 2012 delivery. As the year progresses, Kodiak plans to operate one to three rigs in Dunn County, two to three rigs in McKenzie County and three to four rigs in Williams County.
The 2012 to 2013 drilling program is designed so that Kodiak is positioned to have nearly all of its acreage held by production by mid-2013, eliminating leasehold expiry across much of its 155,000 net acre position in the Williston Basin.
Tuesday, February 7, 2012
KOG Reports Sixth Rig in North Dakota -- To Eliminate Lease Expiring Issues
No link; this is from Yahoo!InPlay which is dynamic and will be gone by tomorrow. This is the totality of the announcement, a press release from the company:
