Kodiak Oil and Gas Corp. (KOG) reported the completion of a well drilled into the Bakken formation in McKenzie County, North Dakota. The company has 27,000 net acres under lease in this area.
Kodiak Oil and Gas Corp. said that the Koala #9-5-6-5H well produced 3,042 barrels of oil equivalent (BOE) during a 24 hour period. This Bakken production was composed of 2,526 barrels of oil and 3.10 million cubic feet of natural gas.
Kodiak Oil and Gas Corp. said that the Koala #9-5-6-5H well was drilled with a 8,967 foot horizontal lateral and completed with a 24 stage hydraulic fracturing operation.