Tuesday, January 31, 2012

KOG Production Misses Estimates -- The Williston Basin, North Dakota, USA

Link here.
  • Estimates: 7,500 to 8,000 bopd.
  • Actual: 7,195 bopd (mechanical problems at six wells during 4Q11 that led to production delays)
  • One year ago: 1,783 bopd
Other data points:
  • KOG tripled its reserves to an estimated 40 million bbls (some numbers rounded, as is customary at this blog)
  • 2012: estimates: 22,000 to 24,000 bopd

2 comments:

  1. I believe that KOG is a prime candidate for a buyout this year since they hold some prime leases in the Bakken. I also think that other changes are on the horizon in regards to buyouts and when December rolls around, we could see names which aren't listed today in the Bakken.

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    Replies
    1. After the BEXP surprise, nothing will surprise me. Everything in the Bakken is a "prime buyout."

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