Monday, October 29, 2012

Selected Data Points: KOG's Corporate Presentation

Production guidance: exit rate, 2012 (E) -- 27,000 boed

CAPEX
  • 2009: $27 million
  • 2010: $82 million
  • 2011: $261 million
  • 2012: $650 million (E)
Rigs
  • Operating rigs: 8
  • Non-operating rigs: 1 - 2
Payout (months) - $10.5 million wells)
  • Bakken, long lateral, 650: at $75, 38 months
  • Bakken, long lateral, 750: at $75, 30 months
  • Bakken, long lateral, 850: at $75, 24 months
Net acreage unchanged: 155,000 net acres
Proved reserves: 70 million boe; 86% liquids; all hbp by end of 2013;
Full-time 24-hour dedicated frack crew; additional part-time crew as needed;
Six operating areas in the Bakken; all in North Dakota except unnamed area northeast MT; net well locations
  • Polar: sweet spot north of the river, 197; hbp by end of 2013;
  • Koala: sweet spot south of the river, 93, hbp by end of 2012;
  • Smokey: 88; hbp by end of 2012;
  • Dunn County: most net acres, 186, hbp by end of 2012;
  • Grizzly: Elm Tree extension into North Dakota, 148
  • Wildrose: fewest net acres; farthest north, 90
Total net well locations: 807 (includes 6 in Sheridan County, MT)
  • Generally based on four MB and three TF wells/spacing unit
  • 82 net locations drilled and completed through June 30, 2012
North Dakota takeaway:
  • Currently 975,000 b/d: 525/rail; 450/pipeline
  • 1,400,000 b/d by year-end 2013

No comments:

Post a Comment