Kodiak Oil & Gas Corp's net daily production has risen 7 percent since July to 36,454 barrels of oil equivalent per day, the CEO of the Bakken shale fields operator said in an interview.Gross production, which includes production from wells Kodiak does not operate but has a stake in, has risen to "just shy" of 50,000 barrels of oil equivalent per day (boe/d), CEO Lynn Peterson said on Wednesday.The company, the eighth-largest operator in North Dakota's Bakken shale fields, is spending about $950 million this year to drill 100 new wells.Its net production has followed suit, rising from 34,000 boe/d as reported during a July 23 update to 36,454 boe/d.
Kodiak Oil & Gas Corp. (Kodiak) is an independent energy company focused on the exploration, exploitation, acquisition and production of crude oil and natural gas in the United States. Shares of KOG traded higher by 0.45% or $0.05/share to $11.05. In the past year, the shares have traded as low as $6.92 and as high as $9.97. On average, 5611030 shares of KOG exchange hands on a given day and today's volume is recorded at 3415288.
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