Kodiak Oil & Gas Corp. Provides Interim Corporate Update
Kodiak Oil & Gas Corp. (NYSE: KOG), an oil and gas exploration and production company with primary assets in the Williston Basin of North Dakota, today provided an interim corporate update on recent completion and drilling activities.
Interim Completion Operations Update
Kodiak completion operations in the Williston Basin continue with two full-time, 24-hour-per-day crews. During the fourth quarter through November 30, 2012, the Company completed 17 gross (16 net) operated wells and anticipates completing an additional nine gross (8 net) operated wells during December, bringing the fourth quarter 2012 completions to 26 gross (24 net) operated wells.
Over the last two weeks of November 2012, the Company's net oil and gas sales averaged approximately 22,000 barrels of oil equivalent per day (BOE/d); assuming non-operated production during that period was unchanged from third quarter results. Several of the recent well completions occurred in late November and early December and therefore did not materially contribute to the November oil and gas sales averages.
The following table sets forth information relating to the Company's recent operated Williston Basin completion activity:
Recent Operated Well Completions
IP 24-hour Test (BOE/d)