Back in March, I wrote the article KOG: New Completion Procedure Could Yield Much Improved Results. The article discussed how Kodiak Oil & Gas (NYSE:KOG) was implementing array fracking completion techniques in the Polar and Smokey pilot test programs. It’s now time to take a look at the Polar results and see how things are going so far. The data is very encouraging and a positive catalyst for KOG going forward. A surge in production recently, partly as a result of the Polar results, was coincident with nicely higher WTI pricing. As a result, KOG looks poised to deliver much higher year-over-year Q3 & Q4 numbers.
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