Note:
- The record IP in the Williston Basin: Tarpon Federal is in Twin Valley oil field.
- The center of the southern portion of KOG's January, 2012, acquisition is located about 8 miles to the northwest. Eight miles.
Southern acreage block, 30,000 net acres:
- Average per well EUR: 750,000 to 900,000 boe. My hunch: 1 million boe, easy
- Bakken wells only drilled so far in this area; no Three Forks wells yet
- KOG feels Three Forks will be in play based on KOG's Koala Project nearby to the southwest
- Average per well EUR: 350,000 to 450,000 boe
Surface equipment and gas pipeline connection facilities that tie into a regional third-party natural gas gathering system
Three salt water disposal wells
Southern operated lands are near to a crude-by-rail terminal and interstate pipeline interconnect that is expected to be fully operational in 2012
Potential:
- 300 additional operated locations prospective; total for KOG in Williston Basin: 800 net
- 50,000 new acres brings KOG's net acreage to approximately 155,000 acres (compare with others at this link)
- BEXP: 375,800
- Oasis: 303,000
- OXY USA: 200,000
- Baytex: 126,000
- Chesapeake: 190,000
- Denbury: 266,000
Most recent date suggested North Plains Energy, LLC, had about 40,000 net acres in the Bakken; the KOG acquisition: 50,000 net acres.
KOG:
"Concurrent with this announcement, we furnished our 2012 preliminary Capex budget of $585 million , which includes accelerated plans for development drilling in each of our core Williston Basin operating areas throughout 2012."
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