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Wednesday, November 16, 2011

Comparing Apples and Oranges? CLR and KOG -- The Bakken, North Dakota, USA

Two items taken directly from two other sources:

First, from Investopedia
Continental Resources is one of the more active operators in the Bakken and reported average production of 34,505 barrels of oil equivalent (BOE) per day from this formation in the third quarter of 2011.
Now, from SeekingAlpha:
KOG also went ahead and initiated first guidance for the combined company for 2012 of 22,000 to 24,000 BOEpd with an exit target of 30,000 BOEpd, and just like that KOG is within 12 months of being bigger than BEXP was at their takeout.
Those numbers have to be verified, but if accurate: KOG with daily boepd almost what CLR's daily production from the Bakken is right now.  

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