Kodiak Update

Denver-based Kodiak Oil & Gas has issued an update on its two-rig-drilling program in the Williston Basin. The company has one rig running in Dunn County, N.D. and the second rig drilling ahead in McKenzie County, N.D. The Company projects a third rig during the first quarter of 2011. Kodiak's joint venture partner, ExxonMobil, spud the FBIR 34X-25 well in Dunn County during the fourth quarter of 2010. Kodiak holds a 50% working interest in that well. Read more...