For the archives. Kodiak is no longer an operator in North Dakota.
- 4Q14: KOG deal with Whiting closes. Whiting owns KOG. KOG ticker symbol no longer for Kodiak Oil and Gas.
- 2Q14: 38,271 boepd; sale of KOG to Whiting, pending; four rigs, but should be back to 7-rig program by end of 2014; transcript;
- 1Q14: average: 34,000 boepd;
- 4Q13 average: 36,100 boepd (18,200 boepd 4Q12); 183,000 net acres (173,000 in ND); sold 19,500 producing acres for $68 million (mostly in SW McKenzie County)
- October 2, 2013, transcript: 195,000 acres; all in North Dakota; 7 rigs; guidance - 30K to 34K bopd production by end of the year
- June 3, 2013: Buys Liberty Resources: 42,000 net acres; 6K boepd production; 1 rig; $660 million cash; 196,000 net acres after acquisition
- 1Q13: 21.7K boed (11K boed one year ago); crude oil, 88%.
Beginning March, 2013, one full-time, 24-hr completion crew; will add a
second crew in May, 2013; 7 operated rigs 9same); all in ND; continues
with 12-well-test on a 1280-acre spacing unit in Polar/Smokey operating
areas with two rigs operating in each area.
- Update: July, 2012, corporate presentation: Production: 10,578 boepd (average -- 1Q12)
- 155,000 net acreage in the Bakken after January, 2012, closing on North Plains Energy, LLC, assets
- 7 operated rigs 2Q12, 1-2 non-operated rigs; expect to hold all
leases by production by mid-2013; two 24-hour frack spreads (still true
as of January 10, 2012, press release)
- Decline rates based on long lateral EURs of 650 - 850K bbls
- Exit 2011: 9,000 (est 3Q11) (was 11,000 boepd -- estimate as of October, 2011)
- Mid-2012: 24,000 (est Nov 11; after North Plains acquisition); exit 2012, 30,000 boepd
- will add 2nd dedicated frack crew in 2012; one dedicated HAL fracking crew as of 1Q12
- JV partner with 2 rigs; 50% WI
- Total Bakken net acres: 93,500 net acres (ND: 85,000 ; MT: 4,500 acres)
- November, 2011 announcement, acquisition: Divide County, McKenzie County, 50,000 acres
- Prior to the June 30, 2011, acquisition: Total Bakken net acres: 70,000 net acres (Dunn County: 35K; McKenzie County: 35K)
- Koala -- McKenzie (Western Trend); 10,000 net acres; 7 wells/spacing unit
Koala Prospect: southeast of Williston, south of river, Williams
Count (10,000 net acres); with current drilling program, all of Koala
will BHP by 2012 end
- Polar - Williams Country (North Flank Trend); 16,000 net acres; 7 wells/spacing unit
Polar Prospect: northern and southern Divide; just north of BEXP's Rough
Rider;with current drilling program, all of Polar will BHP by 2013 end
- Grizzly - McKenzie County (SW Bakken - TF Trend); 25,000 net acres; 7 wells/spacing unit
June 30, 2011 Acquisition -- East Grizzly Prospect: far southeast end of
Elm Coulee on ND side (22,000 net acres); previously about 4,000 net
acres in this area, the far southeast end of Elm Coulee on ND side
- Dunn County (Eastern Trend), FBIR; 34,000 net acres; 7 wells/spacing unit
Dunn County Core area: northeast Dunn County, south of river (west of
river), FBIR (34,000 net acres); 800 - 900K EURs; $10.5 million;
- Smokey - McKenzie County, 16,000 net acres; 7 wells/spacing unit
Smokey Prospect: McKenzie County, old -- 11,742 net acres; between their
acreage on the reservation and the newer Koala Prospect area and just
to the west of the southern tip of the Nesson Anticline (16,000 net
acres); with current drilling program, all of Smokey will BHP by 2012 end
- Wildrose: 5 wells/spacing unit
- Sheridan County, Montana: 4 wells/spacing unit
- Jan 2012 Acq - Williams and McKenzie; 50,000 net acres
- (Other Williston Basin: Montana, northwest of Williston, Sheridan County, 4,500 net acres)
- Corporate presentation, December, 2011: 155,000 net acres
- Analyst's number, December 31, 2010: 72,000 net acres
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