Operational Updates | Capital Markets | Capital Expenditure
Kodiak Oil & Gas Announces Early 2012 Bakken Operations; CapEx Unchanged
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Interim Operations Update
The Company continues its active drilling and completion schedule into the second quarter 2012. Kodiak is currently operating six drilling rigs and expects delivery of a seventh operated rig in May 2012. The Company also has a full-time, 24-hour-per-day completion crew that commenced at the beginning of the year. A second completion crew will be utilized going forward in order to accelerate completion activity. The additional crew is not expected to increase the Company's Capex, as the completion tasks have already been built into the Capex, but should allow Kodiak to bring the wells on production earlier.
Currently, Kodiak has 14 gross (12.3 net) operated wells drilled and waiting to be completed. Completion operations have finished on two gross (1.9 net)…
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