KOG vs BEXP -- Mike Filloon -- SeekingAlpha.com -- The Bakken, North Dakota, USA

Link here.

In summary, east of Nesson continues to have the highest expectations in the Basin ... it is possible Kodiak has a higher number of very good acres compared to Brigham. Don't take this wrong, as Brigham has more than double Kodiak's acreage, but most of its leasehold is farther west.

The 40,100 net acres in Brigham's Ross/Sanish/Parshall acreage is some of the best in the Bakken, but may only be slightly better than Kodiak's Polar and Koala plays which total approximately 90,000 net acres.

If the Smokey play is added, it is 116,000 net acres.

It is my conclusion that Kodiak has a much better good acre concentration than Brigham...

Remember EURs are estimates, and IP rates can vary significantly in the first week or two of production. The numbers from Koala have been nothing short of great. Koala 9-5-6-5H had a 90-day IP rate of 1103 bopd. This was done with a lateral shorter than 9000 feet long and only 24 stages. Watch these numbers closely as this is the most important variable with respect to Kodiak's future.

That is as good an assessment as I have ever read with regard to any company in any oil patch. Mike deserves a lot of credit for posting this. Mike, thank you. 

Oh, just one change. Near the bottom Mike writes, "The numbers from Koala have been nothing short of great." I would have said, "...nothing short of spectacular," but we have all become numb from the staggering results of the Bakken.