KOG Links and News -- Negotiating for Fourth Rig -- Dedicated Fracking Crew -- Bakken, North Dakota, USA

Updates

May 27, 2021: KOG is long gone.

August 13, 2011: I updated the status of some wells below.

Original Post

InPlay: I think this link will break over time. Here are the high points:

• KOG negotiating to contract a fourth rig for delivery in 4Q11 (KOG has 2 rigs, currently)
• KOG executed a two-year agreement for dedicated frack crew 14 days/month
• KOG's area of mutual interest with XOM reiterated
• KOG records IP rate of 3,042: #19651, Koala 9-5-6-12H3, 22 stages, first well on the pad
• t4/11; cum 395K 3/21; needs to be re-fracked;
  
• KOG increased its borrowing from borrowing base from $50 million to $75 million; KOG has $200 million under this revolving line of credit facility

KOG's press release: interim operational update (if the link is broken, I am sure you can find it at KOG's website)

KOG's earnings results are scheduled for May 5, 2011.

Operations, Wildcats -- 2-well pad

• 19301, 2,526, Whiting/Koala 9-5-6-5H (KOG-operated, 95% working interest), middle Bakken, short lateral, 24 stages,  t4/11; cum 282K 5/17; cum 335K 3/21;
  
• 19651, 1,919, Whiting/Koala 9-5-6-12H3 (KOG-operated, 95% working interest), Three Forks, short lateral, 22 stages, t4/11; cum 317K 5/17; cum 395K 3/21;
• These two wells were "part of an on-going effort to evaluate communication between MB and TF formations"

Operations, Established Field, Mandaree oil field -- two 4-well pads

• 18517, 1,595, Whiting/KOG, Two Shields Butte 2-24-12-2H, t9/11; cum 468K 5/17; cum 593K 3/21;
  
• 19825, 2,698, Whiting/KOG, Skunk Creek 2-24-25-15H, t9/11; cum 475K 5/17; cum 564K 3/21;
• 19826, 2,845L, Whiting/KOG, Two Shields Butte 2-24-12-1H3, t9/11; cum 431K 5/17; cum 528K 3/21;
  
• 19827, 515, Whiting/KOG, Skunk Creek 2-24-25-16H, t10/11; cum 273K 5/17; cum 349K 3/21;
  

In same section, farther west, an Orion belt:

• 18518, 2,736, Whiting/KOG, Two Shields Butte 3-24-12-4H, t4/14; cum 322K 5/17; cum 484 K 3/21;
  
• 20257, 2,475, Whiting/KOG, Two Shields Butte 3-24-12-3H, t4/14; cum 272K 5/17; cum 403K 3/21;
  
• 20258, 2,399, Whiting/KOG, Skunk Creek 3-24-25-13H, t4/14; cum 262K 5/17; cum 367K 3/21;
  
• 20259, 1,579, Whiting/KOG, Skunk Creek 3-24-25-14H, t4/14; cum 139K 5/17; cum 233K 3/21;