Kodiak Reaches TD on Vermillion Basin Well
Vermillion Basin -- Wyoming
Kodiak announces that it has reached total drilling depth on its North Trail-State #4-36 well (100% working interest [WI] -- Kodiak operated). The well was drilled in 37 days to 14,292 feet to evaluate the natural gas potential of the over-pressured Baxter Shale and Frontier and Dakota sands. The Company is preparing to set production casing to total depth. Completion work will commence immediately and is expected to take several weeks. The Company intends to install gas gathering facilities to the well before the well is completed.
The Company intends to move the drilling rig three miles west of the current well to the NT #1-33 location (100% WI -- Kodiak operated). The location, one mile north of the recently drilled Trail #30 drilled by a third party, is built, and drilling operations should commence the first part of December. The Company believes that drilling of this well will be completed in January 2007.
Williston Basin -- North Dakota and Montana
Grizzly Prospect -- McKenzie County, North Dakota
Kodiak also announces that it is nearing completion of its drilling operations on the Grizzly Federal #1-27H well, (62.5% WI -- Kodiak operated). The single lateral well bore is drilling at 17,370 feet, and drilling should be completed this week. This well is the last Bakken well scheduled for the 2006 drilling program. Additional locations are forecast for mid-year 2007.
The drilling rig will be moved to the #2-13 Larsh well (50% WI -- Kodiak operated), located in Sheridan County, Mont. The well will evaluate the Mission Canyon Formation at an approximate depth of 8,000 feet and the Red River Formation at a depth of 11,000 feet. The location for this well has been built, and drilling time is estimated at 30 days.
Management Comment
Commenting on the drilling progress, Lynn Peterson, Kodiak's President and CEO, said: "The North Trail State #4-36 well represented our first operated well in the Vermillion Basin to the over-pressured Baxter Shale and Frontier and Dakota sands. Our operations staff and the contract drilling company did an excellent job in drilling this well. We are encouraged by our gas shows during drilling, and we are moving ahead with our completion work. We anticipate that we could have some production results by year end."
Kodiak Oil & Gas, headquartered in Denver, is an independent energy exploration and development company focused on exploring, developing and producing oil and natural gas in the Williston and Green River Basins in the Rocky Mountain region of the United States.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- UK Oil Regulator Publishes New Emissions Reduction Plan
- PetroChina Posts Higher Annual Profit on Higher Production
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- McDermott Settles Reficar Dispute
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- USA Oil and Gas Job Figures Jump
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension