Kodiak Oil & Gas Corp. Announces Pricing of Underwritten Public Offering of Common Stock
Kodiak Oil & Gas Corp. announced the pricing of an underwritten public offering of 12,000,000 shares of its common stock at a price of $2.20 per share. The offering is being made pursuant to an effective shelf registration statement that Kodiak filed with the Securities and Exchange Commission on July 14, 2008. The net proceeds of the offering, after deducting underwriting discounts and commissions...
Northern Oil and Gas, Inc. Announces Ten Bakken and Three Forks Discoveries
Northern Oil and Gas, Inc. announced the successful drilling and completion of an additional ten oil producing wells in the North Dakota Bakken and Three Forks trend. The ten wells began producing at an average initial production rate of 825 barrels of oil per day. Northern Oil is currently participating in the drilling or completion of an additional 21 Bakken and Three Forks wells. In addition, Northern...
Kodiak Oil & Gas Corp. Announces Vermillion Basin Production and Completes Rig Mobilization
Kodiak Oil & Gas Corp., an oil and gas exploration and production company with assets in the Green River Basin of southwest Wyoming and Colorado and the Williston Basin of North Dakota and Montana, today provided a Vermillion Basin production update and announced the pending completion of rig mobilization in its Bakken oil play. Vermillion Basin Operations Update — Sweetwater County, Wyoming Kodiak...
Three Forks/Sanish Well Produces Over 1,750 Barrels A Day
XTO Energy Inc. announced production results from wells drilled in multiple regions on its newly acquired property base. In the Bakken Shale play of North Dakota, the Company has now completed 5 wells with average production rates of 673 barrels of oil equivalent per day, primarily producing from the Middle Bakken shale section. In addition, a Three Forks/Sanish discovery well, the DeAngelis 41x-21,...
Basic Earth Provides Update on Bakken Well in Banks Field
Basic Earth Science Systems, Inc. provided an update in its most recent Annual Report To Shareholders concerning the status of the well being drilled on its Banks Prospect farmout in McKenzie County, North Dakota. The Wil E. Coyote 2H-9 is operated by Panther Energy Company, LLC. (Panther). Under the previously disclosed farmout agreement Basic has a 6.5% carried working interest in this well. More...
Teton Energy Corporation Announces Williston Basin Participation Agreement
Teton Energy Corporation and the other working interest owners at the Goliath Prospect (American Oil & Gas, Inc. (50%), Sundance Energy Australia Limited (5%) and privately held Evertson Energy Partners LLC (20%) have signed a participation agreement with Red Technology Alliance LLC (“RTA”), which gives RTA the option to fund 100% of the drilling, completion and equipping of up to...
Eight New Bakken Discoveries, Ten Additional North Dakota Bakken and Three-Forks Wells Nearing Completion
Northern Oil and Gas, Inc. announced the company recently participated in the successful drilling and completion of an additional eight oil producing wells in the emerging Bakken trend of North Dakota. The eight wells began producing at an average initial rate of 768 BOPD. – The EN-Person-1102H-1 well, located in Mountrail County, ND was operated by Hess Corporation and posted an initial production...
NATCO Group Inc. Acquires Connor Sales, Inc.
NATCO Group Inc. announced that, effective August 31, 2008, its subsidiary acquired Connor Sales Company, Inc., a provider of oil field equipment and services to customers in the Williston Basin and Bakken Oil Shale of North Dakota, for approximately $37 million in cash consideration, subject to certain adjustments. Chairman and Chief Executive Officer of NATCO, John U. Clarke, said, “Connor...
Gulfport Energy Weathers Hurricane Gustav Escaping Major Damage
Gulfport Energy Corporation reports that after inspection of its West Cote Blanche Bay facilities by Company operations personnel, the facilities appear to be intact with no structural or other major damage from Hurricane Gustav. The field is ready to begin startup operations; however, the exact timing of the restart of production will be determined primarily by the availability of necessary third...
Continental Resources Increases Bakken Shale Holdings to 577,000 Acres
Continental Resources, Inc. announced that it has recently added 36,000 net acres to its holdings in North Dakota Bakken, including 32,000 net acres in Mercer County, adjacent to other Continental acreage. The Company’s total acreage position is now 577,000 net acres in the Bakken shale play of North Dakota and Montana. The Company also announced initial production results for several recently...
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