McKenzie County, ND - Bakken Shale

By Tim - http://oilshalegas.com

November 9, 2011 - Kodiak Oil & Gas (KOG) recently gave an update on their McKenzie County North Dakota Bakken Shale and Three Forks Play. Kodiak Oil & Gas (KOG) is one of the up and coming exploration companies in the Bakken Shale due to their aggressive mineral rights leasing binge.

Kodiak’s five operated drilling rigs are presently drilling ahead on multi-well drilling pads. Three rigs are drilling in McKenzie County, and two rigs are drilling in Dunn County.

For the remainder of the fourth quarter 2011, Kodiak expects to complete or commence completion operations on an additional nine gross (6.1 net) operated wells, including two gross (0.8 net) wells from the recent acquisition. These operated wells are located on four drilling pads consisting of three, two-well pads and one, three-well pad. Drilling has been completed and operations are underway to construct surface equipment and pipelines on each of the pads. Currently, two gross (0.8 net) wells have been completed and are in flow-back operations. The remaining seven gross (6.6 net) wells are expected to commence completion operations during the remainder of the fourth quarter.

“We continue to make excellent wells in both Dunn and McKenzie Counties, which are integral to our production and cash flow growth trajectory we intend to provide our shareholders. One particularly positive development is the continued strong production profile from our first Three Forks well located in the McKenzie County Koala Project area. As shown above through the first 90 days of production, the well averaged nearly 1,000 BOE/d and is mirroring the offsetting Bakken well drilled just 700 feet away. With additional Three Forks production data, we can provide more accurate estimated ultimate recoveries for the Three Forks in the Koala area. We will also closely monitor the production profile from our two recent Dunn County Three Forks completions which have generated encouraging results.

Shale News

OilShaleGas.com

Kodiak Oil & Gas Corp (KOG) - Bakken Shale

By Tim - http://oilshalegas.com

November 9, 2011 - Kodiak Oil & Gas (KOG) recently announced an update on the Bakken Shale. Kodiak Oil & Gas (KOG) drilling for oil in McKenzie County, ND & Dunn County North Dakota. I have a 2012 price target on KOG stock located at $9-$11 per share.

Kodiak Oil & Gas (KOG) took delivery of its fifth operated rig in early October. Kodiak's five operated drilling rigs are presently drilling ahead on multi-well drilling pads, with three rigs in McKenzie County, N.D. and two in Dunn County, N.D.

During September and continuing into early October, Kodiak completed five gross (four net) operated wells, bringing total third quarter completions on operated wells to seven gross (five net) wells. Initial production results from the wells completed in September and October are included in the table below. The results from wells completed earlier in the third quarter have previously been released.

For the remainder of the fourth quarter 2011, Kodiak expects to complete or commence completion operations on an additional seven gross (six net) operated wells in the Williston Basin. These operated wells are located on three drilling pads consisting of two, two-well pads and one, three-well pad. Drilling has been completed and operations are underway to construct surface equipment, with completion operations scheduled within the next thirty days.

In addition to its operated wells, the Company has participated in completion of five gross (2.5 net) non-operated wells under its area of mutual interest (AMI) with its partner in Dunn County, N.D. Initial production results from the completed wells are included below. Drilling activity continues with three gross (1.5 net) wells drilled and waiting on completion and two gross (1.0 net) wells drilling. Non-operated drilling and completion activities within the AMI are expected to continue throughout the fourth quarter and into 2012.

Shale News

OilShaleGas.com

Dunn County, North Dakota Bakken Shale

By Tim - http://oilshalegas.com

November 8, 2011 - Kodiak Oil & Gas (KOG) recently gave an update on their Dunn County, North Dakota Bakken Shale and Three Forks Play. Kodiak Oil & Gas (KOG) is one of the up and coming exploration companies in the Bakken Shale due to their aggressive mineral rights leasing binge.

Kodiak’s five operated drilling rigs are presently drilling ahead on multi-well drilling pads. Three rigs are drilling in McKenzie County, and two rigs are drilling in Dunn County.

For the remainder of the fourth quarter 2011, Kodiak expects to complete or commence completion operations on an additional nine gross (6.1 net) operated wells, including two gross (0.8 net) wells from the recent acquisition. These operated wells are located on four drilling pads consisting of three, two-well pads and one, three-well pad. Drilling has been completed and operations are underway to construct surface equipment and pipelines on each of the pads. Currently, two gross (0.8 net) wells have been completed and are in flow-back operations. The remaining seven gross (6.6 net) wells are expected to commence completion operations during the remainder of the fourth quarter.

“We continue to make excellent wells in both Dunn and McKenzie Counties, which are integral to our production and cash flow growth trajectory we intend to provide our shareholders. One particularly positive development is the continued strong production profile from our first Three Forks well located in the McKenzie County Koala Project area. As shown above through the first 90 days of production, the well averaged nearly 1,000 BOE/d and is mirroring the offsetting Bakken well drilled just 700 feet away. With additional Three Forks production data, we can provide more accurate estimated ultimate recoveries for the Three Forks in the Koala area. We will also closely monitor the production profile from our two recent Dunn County Three Forks completions which have generated encouraging results.

Shale News

OilShaleGas.com

Bakken Shale - Kodiak Oil & Gas (KOG)

By Tim - http://oilshalegas.com

November 6, 2011 - Kodiak Oil & Gas (KOG) recently gave an update on the Bakken Shale and Three Forks Play. Kodiak Oil & Gas (KOG) is one of the up and coming exploration companies in the Bakken Shale due to their aggressive mineral rights leasing binge.

Kodiak’s five operated drilling rigs are presently drilling ahead on multi-well drilling pads. Three rigs are drilling in McKenzie County, and two rigs are drilling in Dunn County.

For the remainder of the fourth quarter 2011, Kodiak expects to complete or commence completion operations on an additional nine gross (6.1 net) operated wells, including two gross (0.8 net) wells from the recent acquisition. These operated wells are located on four drilling pads consisting of three, two-well pads and one, three-well pad. Drilling has been completed and operations are underway to construct surface equipment and pipelines on each of the pads. Currently, two gross (0.8 net) wells have been completed and are in flow-back operations. The remaining seven gross (6.6 net) wells are expected to commence completion operations during the remainder of the fourth quarter.

“We continue to make excellent wells in both Dunn and McKenzie Counties, which are integral to our production and cash flow growth trajectory we intend to provide our shareholders. One particularly positive development is the continued strong production profile from our first Three Forks well located in the McKenzie County Koala Project area. As shown above through the first 90 days of production, the well averaged nearly 1,000 BOE/d and is mirroring the offsetting Bakken well drilled just 700 feet away. With additional Three Forks production data, we can provide more accurate estimated ultimate recoveries for the Three Forks in the Koala area. We will also closely monitor the production profile from our two recent Dunn County Three Forks completions which have generated encouraging results.

Shale News

OilShaleGas.com

Kodiak Oil and Gas Corp: Bakken Shale Update

By Andrea: http://oilshalegas.com

Kodiac Oil and Gas Corp. (KOG) recently released an update on their Bakken shale activity located in Dunn County, ND:

Kodiak will be mobilizing its third drilling rig in the Williston Basin within 30 days. Kodiak is also participating in one non-operated drilling rig with its joint venture partner in the Dunn County area of mutual interest. The joint venture partner recently reached total depth on its first two long-lateral middle Bakken wells and they are awaiting completion. Kodiak owns a 50% WI and 41% NRI in both wells and retains a comparable interest in all of the AMI lands. The Company has recently been notified that its joint venture partner intends to mobilize a second rig to the AMI in mid-year 2011.

For more shale updates, visit: http://blackberrystocks.blogspot.com

For more stock updates, visit: http://daytradingstockblog.blogspot.com

Kodiac Oil and Gas Corp (KOG) : Bakken Shale Update

By Andrea: http://oilshalegas.com

Kodiac Oil and Gas Corp. (KOG) recently released an update on their Bakken shale activity located in Dunn County, ND:

Kodiak will be mobilizing its third drilling rig in the Williston Basin within 30 days. Kodiak is also participating in one non-operated drilling rig with its joint venture partner in the Dunn County area of mutual interest. The joint venture partner recently reached total depth on its first two long-lateral middle Bakken wells and they are awaiting completion. Kodiak owns a 50% WI and 41% NRI in both wells and retains a comparable interest in all of the AMI lands. The Company has recently been notified that its joint venture partner intends to mobilize a second rig to the AMI in mid-year 2011.

For more shale updates, visit: http://blackberrystocks.blogspot.com

For more stock updates, visit: http://daytradingstockblog.blogspot.com

McKenzie County, ND: Bakken Shale Update

By Andrea: http://oilshalegas.com

Kodiak Oil and Gas Corp. (KOG) recently released an update on their activity in the Bakken Shale located in McKenzie County, ND:

In 2010, Kodiak spud or participated in seven gross (4.1 net) wells and completed two gross (1.0 net) wells on its McKenzie County leasehold. During 2011, Kodiak plans to drill or participate in nine gross (6.7 net) wells and complete 10 gross (7.7 net) wells in this area. Kodiak expects to operate all nine gross wells to be drilled, with an estimated 74% average working interest. As of February 28, 2011, three gross (2.4 net) wells, one of which is a Three Forks test, were drilled and awaiting completion in McKenzie County. Completion work is scheduled for March 2011 on the first of two drilling pads in this area.

For more shale updates, visit: http://blackberrystocks.blogspot.com

For more stock updates, visit: http://daytradingstockblog.blogspot.com

Dunn County, ND: Bakken Shale Update

By Andrea: http://oilshalegas.com

Kodiac Oil and Gas Corp. (KOG) recently released an update on their Bakken shale activity located in Dunn County, ND:

Kodiak will be mobilizing its third drilling rig in the Williston Basin within 30 days. Kodiak is also participating in one non-operated drilling rig with its joint venture partner in the Dunn County area of mutual interest. The joint venture partner recently reached total depth on its first two long-lateral middle Bakken wells and they are awaiting completion. Kodiak owns a 50% WI and 41% NRI in both wells and retains a comparable interest in all of the AMI lands. The Company has recently been notified that its joint venture partner intends to mobilize a second rig to the AMI in mid-year 2011.

For more shale updates, visit: http://blackberrystocks.blogspot.com

For more stock updates, visit: http://daytradingstockblog.blogspot.com

Dunn County, North Dakota: Bakken Shale

By Andrea: http://oilshalegas.com

Kodiak Oil and Gas (KOG) opened a new well in Dunn County, North Dakota in the Bakken Shale. They released the update at their 2010 2Q earnings call:

The MC #13-34-28-2H well recorded 24-hour initial production rates of 1,870 barrels of oil per day (BOPD) and 1.1 million cubic feet of natural gas (MMcf) per day, or 2,055 barrels of oil equivalent (BOE) per day. Kodiak completed the 24-hour production test utilizing a 22/64" choke with flowing casing pressure of 2,525 psi. Since the flow test began on August 2, 2010, the well has cumulative production of 6,546 barrels of oil and 4.5 MMcf of natural gas, or 7,298 BOE. During the last four days of full production, the well has produced 5,495 barrels of oil and 3.9 MMcf of natural gas, or 6,140 BOE for an average of 1,535 BOE per day.

For more shale updates visit: http://blackberrystocks.blogspot.com

Fore more stock updates visit: http://daytradingstockblog.blogspot.com

Kodiak Oil and Gas: Bakken Shale

By Andrea: http://oilshalegas.com

Kodiak Oil and Gas Corp. (KOG) released an update on the Bakken Shale early this morning. A new well has been completed and it is producing around 1,870 Barrels of oil a day:


August 9, 2010- Kodiak Oil & Gas Corp. (NYSE Amex: KOG), an oil and gas exploration and production company with assets in the Williston Basin of North Dakota and Montana and in the Green River Basin of southwest Wyoming and Colorado, today provided initial production rates on its recently completed Moccasin Creek (MC) #13-34-28-2H well. This release is provided to update the information concerning this well first reported in the Company's earnings release on August 5, 2010 and in its filing on Form 10-Q for the quarter ended June 30, 2010.

As previously announced, Kodiak successfully completed and flow-tested the MC #13-34-28-2H (Kodiak-operated 59% working interest / 48% net revenue interest) well. The well was completed in 15 stages through a 6,200-foot horizontal wellbore. After flow testing for the past six days, the well has now stabilized sufficiently to report a 24-hour initial production rate.

The MC #13-34-28-2H well recorded 24-hour initial production rates of 1,870 barrels of oil per day (BOPD) and 1.1 million cubic feet of natural gas (MMcf) per day, or 2,055 barrels of oil equivalent (BOE) per day. Kodiak completed the 24-hour production test utilizing a 22/64" choke with flowing casing pressure of 2,525 psi. Since the flow test began on August 2, 2010, the well has cumulative production of 6,546 barrels of oil and 4.5 MMcf of natural gas, or 7,298 BOE. During the last four days of full production, the well has produced 5,495 barrels of oil and 3.9 MMcf of natural gas, or 6,140 BOE for an average of 1,535 BOE per day.

Kodiak will next complete the MC # 13-34-28-1H offset well drilled from the same pad. This well is a 9,800-foot horizontal lateral and is scheduled for completion in the third quarter of 2010 with 22 stages in its design.

"To provide comparison to our past wells, our SEC filing date requirement for our second quarter 2010 necessitated reporting on August 5, 2010 of the preliminary flow test rates for our MC #13-34-28-2H," said Lynn A. Peterson, Kodiak's President and CEO. "These preliminary results indicated a very strong well. We are pleased to report that this well is our best well we have completed in the Bakken to-date, when considering that the well is producing on a 22/64th inch choke and that we are observing continued strong pressure. This well again demonstrates Kodiak's improved completion designs. The well further confirms the resource potential of our acreage position in North Dakota, which we estimate has 177 total locations, including de-risked Bakken and developing Three Forks potential. Our Williston Basin position also includes an extension area in Montana, which we estimate having 36 locations. We believe these locations are based on conservative spacing estimates."

For more shale updates visit: http://blackberrystocks.blogspot.com

For more stock updates visit: http://daytradingstockblog.blogspot.com

Bakken Shale: Dunn County North Dakota

Today, 1/8/09, Kodiak Oil & Gas ( KOG ) has come out and given an operational update on the Bakken Shale and the Sanish/Three Forks region on the Bakken Shale. They have acerage positions in Dunn County, North Dakota.

Williston Basin Operations Update -- Dunn County, North Dakota

Kodiak's exploration efforts target oil and gas production from the middle member between the upper and lower Bakken shales, which is the source rock for existing hydrocarbons. The Three Forks/Sanish Formation, a productive interval lying directly below the lower Bakken shale, is also expected to be a future exploration target. Commercial production from the Three Forks/Sanish Formation is being reported by operators in the immediate area.

The Moccasin Creek (MC) #16-34-2H well (Kodiak operates with 60% working interest [WI] and 49% net revenue interest [NRI]) recently reached total depth. The well, located in the southwestern portion of Kodiak's leasehold, was drilled to an approximate total vertical depth (TVD) of 10,350 feet and a total measured depth (TMD) of 15,525 feet. During drilling operations, the wellbore encountered oil and gas shows in the lateral. A liner was run to total depth and completion work is tentatively scheduled after drilling of the MC #16-34H well is finished. The well successfully reached TMD in 38 days, which is within the Company's initial estimate of 40 days to total depth.

The drilling rig has been skid approximately 50 feet where drilling recently commenced on the MC #16-34H well (Kodiak operates with 60% WI and 49% NRI). The MC #16-34H is projected to be drilled to a TVD of 10,350 feet and proposed TMD of 14,800 feet.
Six miles east of the Moccasin Creek wells, Kodiak has completed construction of a drilling pad for the Charging Eagle (CE) #1-22-15H and the CE #1-22-23H wells. Approximately 10 miles north of the Moccasin Creek locations, a second drill pad is being constructed for the Two Shield Butte (TSB) #16-8H and the TSB #16-8-16H wells. Kodiak operates both locations and will utilize the skid package on its rig to move between wells, minimizing mobilization time and surface disturbance. Upon completion of the MC #16-34H well, the drilling rig will be moved to one of these drilling pads.

As of January 1, 2009, Kodiak had approximately 56,000 gross and 36,000 net acres under lease on the Fort Berthoud Indian Reservation (FBIR). Kodiak operates all of its leasehold on the FBIR, with the exception of approximately 9,000 net acres that are in a participating area previously established with another operator.