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Kodiak Details Q2 Williston Downspacing Pilot Well Results
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Kodiak Oil & Gas Corp. reported financial results for the second quarter ended June 30, 2013.
Second Quarter 2013 Capital ExpendituresDuring the second quarter 2013, Kodiak invested approximately $248.7 million related to its oilfield operations and leasehold acquisitions. The Company expended $204.1 million on its operated properties, $35.3 million on non-operated wells and $9.3 million was invested in infrastructure and acreage acquisitions.
Following the July 2013 acquisition, Kodiak operates seven rigs and continues to experience increased drilling and completion efficiencies resulting in faster spud-to-sales times and improving well costs.
Williston Basin Drilling and Completion UpdatePro forma for the recently closed July 2013 acquisition, Kodiak operated, or had an interest…
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