Exploration & Production | Quarterly / Earnings Reports
Kodiak Plans 30 Bakken Wells for Q3; Ups CapEx to $1B
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Kodiak Oil & Gas Corp. has reported preliminary unaudited operational and financial results for the second quarter ended June 30, 2013, announced updated proven reserves quantities and provided a Williston Basin operations update.
Second Quarter and First-Half 2013 Sales VolumesKodiak reported average daily sales volumes of 23,200 barrels of oil equivalent per day (BOE/d) for the second quarter 2013. This represents an 83% increase over sales volumes of 12,700 BOE/d for the second quarter 2012, and an 8% increase over first quarter 2013 sales volumes of 21,700 BOE/d. Crude oil accounted for 87% of second quarter 2013 sales volumes.
The Company disclosed production, sales volumes and netback prices received for the period ended June 30, 2013 as summarized below:
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