Exploration & Production | Drilling & Completions | Drilling / Well Results | Top Story | Downspacing
Kodiak Details Bakken Downspacing Pilot; Plans 16 Well Tests
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Kodiak Oil & Gas Corp. reported financial results for the second quarter ended June 30, 2014 and provided a Williston Basin operations update.
Drilling and Completion OperationsYear to date, Kodiak has invested approximately $441.1 million related to its oilfield operations and leasehold acquisitions compared to its full year capital expenditure guidance of approximately $940.0 million.
Pilot Program UpdateDownspacing work continues in the Company's Polar operating area where we are testing wells spaced approximately 600-650 feet apart within each reservoir. The Company plans to test up to 16 wells within this 1,280-acre DSU with eight wells in the Middle Bakken and eight wells within the Three Forks.
The following table summarizes production data from the Company's downspacing…
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