Key Developments: Kodiak Oil & Gas Corp (KOG.N)

KOG.N on New York Stock Exchange

9.86USD
1 Aug 2013
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$0.15 (+1.54%)
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Latest Key Developments (Source: Significant Developments)

Kodiak Oil & Gas Corp Announces $300 Million Offering Of Senior Notes
Tuesday, 23 Jul 2013 07:35am EDT 

Kodiak Oil & Gas Corp announced that it commenced a private offering of $300 million in aggregate principal amount of senior notes due 2022 in a private placement to eligible investors. The notes will be jointly and severally guaranteed on a senior basis by Kodiak's subsidiaries, Kodiak Oil & Gas (USA) Inc., Kodiak Williston, LLC and KOG Finance, LLC. Kodiak intends to use the net proceeds of the offering to repay a portion of the outstanding debt under Kodiak's credit facility.  Full Article

Kodiak Oil & Gas Corp Agrees To Acquire Additional Williston Basin Assets
Monday, 3 Jun 2013 08:00am EDT 

Kodiak Oil & Gas Corp announced that it has entered into a definitive purchase and sale agreement with Liberty Resources (Liberty), a Denver-based private oil and gas company, to acquire additional core Bakken and Three Forks producing properties and undeveloped leasehold in the Williston Basin of North Dakota. The purchase price for the asset package is $660 million in cash. Upon completion of the transaction, Kodiak would acquire approximately 42,000 net acres located in McKenzie and southern Williams Counties, N.D., bringing the Company's pro forma total lease holdings in the Williston Basin to approximately 196,000 net acres. The acquisition is expected to close in July 2013.  Full Article

Kodiak Oil & Gas Corp Issues FY 2013 Production Guidance-Conference Call
Tuesday, 16 Apr 2013 06:25pm EDT 

Kodiak Oil & Gas Corp announced that for fiscal 2013, it expects production of 29,000 to 31,000 barrels a day.  Full Article

Kodiak Oil & Gas Corp Announces Closing Of Private Offering Of Senior Notes
Tuesday, 15 Jan 2013 01:34pm EST 

Kodiak Oil & Gas Corp announced the closing of its private offering of $350 million in aggregate principal amount of senior notes due 2021 in a private placement to eligible investors. The notes bear interest at 5.50% per annum and were issued at a price of 100% of their face amount. The notes were issued pursuant to the indenture entered into on January 15, 2013 among Kodiak, Kodiak Oil & Gas (USA) Inc. (the Subsidiary), U.S. Bank National Association, as the trustee, and Computershare Trust Company of Canada, as the Canadian trustee. The notes are jointly and severally guaranteed on a senior unsecured basis by the Subsidiary, and by certain future subsidiaries. The net proceeds of the offering, after deducting initial purchasers' discounts and estimated offering expenses, were approximately $343.4 million. Kodiak intends to use all of the net proceeds of the offering to pay down a portion of the debt outstanding under Kodiak's first lien credit agreement, such that, after giving effect to such pay down, the remaining outstanding balance thereunder will be $1.6 million.  Full Article

Kodiak Oil & Gas Corp Announces Upsizing And Pricing Of Private Offering Of Senior Notes
Thursday, 10 Jan 2013 04:19pm EST 

Kodiak Oil & Gas Corp announced that it upsized and priced a private offering of $350 million in aggregate principal amount of senior notes due 2021 in a private placement to eligible investors. The notes will bear interest at 5.50% per annum and are being issued at a price of 100% of their face amount. The notes will be jointly and severally guaranteed on a senior basis by Kodiak's subsidiary, Kodiak Oil & Gas ( USA ) Inc. and by certain future subsidiaries. Kodiak expects to close the notes offering on January 15, 2013, subject to the satisfaction of customary closing conditions. Kodiak intends to use the net proceeds of the offering to pay down a portion of the outstanding debt under Kodiak's first lien credit agreement, such that, after giving effect to such pay down, the remaining balance thereunder will be $1.6 million  Full Article

Kodiak Oil & Gas Corp Issues Q4 2012 Production Guidance; Reaffirms FY 2013 Production Guidance
Thursday, 10 Jan 2013 08:51am EST 

Kodiak Oil & Gas Corp announced that for fourth quarter of 2012, it expects average daily oil and gas sales volumes to be approximately 19,000 barrels of oil equivalent per day. For fiscal 2013, it expects average oil and gas sales volumes of 29,000 to 31,000 BOE/d, based upon the activities contemplated under its $775 million 2013 CAPEX budget. The projected exit rate for 2013 sales volumes is expected to range from 38,000 to 40,000 BOE/d.  Full Article

Kodiak Oil & Gas Corp Reaffirms FY 2012 Production Guidance
Wednesday, 5 Dec 2012 07:00am EST 

Kodiak Oil & Gas Corp announced that it remains on track to meet previously announced fiscal 2012 production guidance.  Full Article

Kodiak Oil & Gas Corp Announces Closing Of 8.125% Senior Notes Exchange Offer
Friday, 16 Nov 2012 05:00pm EST 

Kodiak Oil & Gas Corp announced that it has completed its offer to exchange $800 million aggregate principal amount of its unregistered 8.125% Senior Notes due 2019 (the Initial Notes) for $800 million aggregate principal amount of its outstanding 8.125% Senior Notes due 2019 registered under the Securities Act of 1933, as amended (the Exchange Notes). The registered exchange offer, which expired at 5.00 p.m., New York City time, on November 9, 2012, fulfilled the Company's obligations regarding the registration of the Initial Notes, which were issued on November 23, 2011 and May 17, 2012. Pursuant to registration rights agreements entered into by the Company in connection with the sale of the Initial Notes, the Company agreed to file a registration statement with the Securities and Exchange Commission relating to the offer and Exchange Notes.  Full Article

Kodiak Oil & Gas Corp Reaffirms FY 2012 Production Guidance-Conference Call
Friday, 3 Aug 2012 11:00am EDT 

Kodiak Oil & Gas Corp reaffirmed its production guidance of 17,000 to 21,000 barrels of oil equivalent per day and certainly in line with the 27,000 barrel oil equivalent per day exit rate.  Full Article

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