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