Wednesday, April 11, 2012

KOG -- March Presentation -- The Williston Basin, North Dakota, USA

The presentation has been available for quite some time, and I may have posted some notes on it earlier, but here is a bit more.

KOG's March 21, 2012, presentation, data points (numbers rounded):

Production, boe/d
  • 2011: 10,00
  • 2012, exit, estimated: 27,000
Margins/bbl
  • 4Q11: $55
Drilling plans
  • CAPEX: one-half billion dollars
  • Wells (2012): 73 gross (51 net)
  • Rigs: 7th rig contracted for 2Q12 + 2 non-operated rigs
Well economics
  • $10.5 million/well
  • Payout: varies, but about two years
Prospects: 157,000 net acres
  • Wildrose: Williams County along Divide County line
  • Polar: east of Williston, north of river
  • Koala: east of Williston, south of river; Bakken bull's eye
  • Smokey: eastern McKenzie, north of Little Missouri
  • Dunn County: west of Lake Sakakawea, north of Little Missouri
  • Grizzly: southwest McKenzie; extends from Elm Coulee, Montana
EURs
  • Dunn County: 800 - 900+
Slide 20: great US crude oil pipeline system

2012 completions to date:
  • xxxxx, 2,174, KOG, SC 9-2-3-5H
  • xxxxx, 2,429, KOG, CE 15-14-11-4H
  • xxxxx, 1,716, KOG, CE 15-14-24-16H
  • xxxxx, 2,680, KOG, SC 2-8-17-14H3
  • xxxxx, 508, KOG, Grizzly 3-25-13-3H
  • xxxxx, 689, KOG, Grizzly 3-25-36-15H
  • xxxxx, 1,419, KOG, Lind 211 1H
  • xxxxx, 1,673, KOG, King 3 8H

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