KOG's 3Q13 Sales And Production; More Than Doubles Production From One Year Ago

Press release here.

Data points:

• average daily sales volume: 35,400 boepd
• represents a 54% sequential quarterly increase (54% greater than previous quarter, 2Q13)
• more than doubles last year's production: 123% increase over 3Q12, which was 15,900 boepd
• seven rigs (1 in Dunn County; 3 in the Polar Project in southern Williams County; 1 each in the Smokey and Koala project areas in McKenzie County; and 1 rig in the Wildrose project in northern  Williams County)
• continues to operate two full-time, 24/7 completion crews (although the second crew was released for about six weeks in September/October); the company plans to utilize the two crews throughout  the remainder of the year
• plans to complete 21.5 net wells in 4Q13 (completed 24.5 net operated wells in 3Q13)

NOTE: year-over-year in the second quarter, KOG's production increased 88%. Year-over-year in the third quarter, KOG's production increased 123%. Not too shabby. Click here for source.