- Kodiak intends to commence completion operations with a second crew in early October 2012, which is expected to be utilized through year end.
- The Company anticipates having the ability to complete five to six gross wells per-month, per-crew.
- Nearly all of the wells to be completed are located on two, three and four well pads allowing for maximization of completion efficiencies.
- In mid-August, Kodiak brought on an additional drilling rig equipped with a skid package.
- KOG intends to eventually replace its only non-skid-package rig with this skid-mounted rig. As nearly all of Kodiak's wells are drilled on multi-well pads, management believes that it is essential to be able to skid and drill multiple wells on pad locations.
- By year end, it is anticipated that Kodiak will return to seven operated rigs under various staggered contract durations.
- Currently, two drilling rigs are operating in each of the Polar project area in southern Williams County, the Smokey project area in McKenzie County, with three rigs operating in Dunn County and one rig operating on the Koala project area in northern McKenzie County.
**************************
RBN Energy: a tank car train for hire. Outstanding article. Again. Mirrors my worldview regarding crude-by-rail: flexibility; scalable. I still think of the comment some time ago: rail was oil shipping method of last resort.
No comments:
Post a Comment