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Kodiak Oil Details 2014 Capex Budget, Sales Volume for Williston

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December 20, 2013

The board of directors for Denver-based Kodiak Oil & Gas Corp. (NYSE: KOG) approved a $940 million 2014 capex budget for Williston Basin drilling and completions on Dec. 19, the company said. Kodiak's adequate working capital and operating cash flows, as well as steady production rates from Basin wells, drove the decision, the company said.

Kodiak’s primary assets are in the North Dakota basin’s activities. Much of that budget--$890 million—is for the completion of 100 net wells. Another $50 million is for infrastructure build-out and small acreage acquisition, the company ...

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