Kodiak Oil & Gas approves a $775M 2013 capital expense budget, up from $750M in 2012, including $600M toward drilling and completing 61 net operated wells. KOG projects to average 29K-31K boe/day in sales volumes for 2013, which would exceed 80% Y/Y growth.I thought this might be coming based on recent daily activity reports and permitting activity.
Tuesday, December 18, 2012
KOG Ups CAPEX From $750 Million to $775 Million for 2013; Plans 61 Net Operated Wells. Guidance: Exceed 80% Y/Y Oil Production Increase
From Yahoo! In-Play (sent to me by a reader -- thank you).
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