Operational Updates
Kodiak Oil and Gas Sees Massive Bakken Production Growth
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Kodiak Oil & Gas Corp. today announced preliminary unaudited financial and operational results for the third quarter ended September 30, 2012.
Third Quarter and Nine-Month Period 2012 Production and Sales Volumes
For the third quarter 2012, Kodiak reported average sales volumes of 15,855 barrels of oil equivalent per day (BOE/d). This represents a 301% increase over sales volumes of 3,953 BOE/d for the third quarter 2011 and a 25% increase over second quarter 2012 sales volumes of 12,696 BOE/d. Crude oil accounted for 88% of third quarter 2012 sales volumes.
Interim Operations Update
The Company continues its active drilling and completion schedule in the fourth quarter 2012. Kodiak operates eight drilling rigs, participates in the drilling of two non-operated rigs in its Dunn County…
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