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Kodiak Production Affected By Weather; Talks Pilot Program
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Kodiak Oil & Gas Corp., has reported financial results for the first quarter ended March 31, 2014 and provided a Williston Basin operations update.
2014 Capital ExpendituresDuring the first quarter of 2014, Kodiak has invested approximately $208.6 million related to its oilfield operations and leasehold acquisitions compared to its full year capital expenditure guidance of approximately $940.0 million. Additional detail on our capital expenditures as of the end of the first quarter of 2014 versus our full year 2014 budget is provided in the table below ($ in millions).
During the first quarter of 2014, Kodiak completed 20 gross (15.2 net) operated wells and participated in the completion of 26 gross (3.8 net) non-operated wells.
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