Kodiak Oil & Gas Management Discusses Q2 2012 Results - Earnings Call Transcript

Kodiak Oil & Gas (KOG)

Q2 2012 Earnings Call

August 03, 2012 11:00 am ET

Executives

Lynn Alan Peterson - Chairman, Chief Executive Officer and President

Russell A. Branting - Executive Vice President of Operations

James P. Henderson - Chief Financial Officer, Principal Accounting Officer, Executive Vice President of Finance, Treasurer and Secretary

Russ D. Cunningham - Executive Vice President of Exploration

James Ernest Catlin - Executive Vice President of Business Development and Director

Wally O'Connell

Analysts

Brian M. Corales - Howard Weil Incorporated, Research Division

William B. D. Butler - Stephens Inc., Research Division

Dan McSpirit - BMO Capital Markets U.S.

David R. Tameron - Wells Fargo Securities, LLC, Research Division

Scott Hanold - RBC Capital Markets, LLC, Research Division

Welles W. Fitzpatrick - Johnson Rice & Company, L.L.C., Research Division

Hsulin Peng - Robert W. Baird & Co. Incorporated, Research Division

Mark Lear - Crédit Suisse AG, Research Division

Neal Dingmann - SunTrust Robinson Humphrey, Inc., Research Division

David Deckelbaum - KeyBanc Capital Markets Inc., Research Division

Paul Grigel - Macquarie Research

Presentation

Operator

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Good morning, my name is Christie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Kodiak Oil & Gas Corp Second Quarter 2012 Financial and Operating Results Conference Call. [Operator Instructions] Please be advised that our remarks today, including answers to your questions, include statements that we believe to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties that could cause actual results to be materially different from those currently anticipated. Those risks include, among others, matters that we have described in our financial and operating results, news release issued yesterday and in our filings with the Securities and Exchange Commission. We disclaim any obligation to update these forward-looking statements. While the company believes these forward-looking statements are reasonable, they are subject to factors, such as commodity prices, competition, technology and environmental and regulatory compliance. Our drilling schedules, capital plans and other factors may cause our results to differ materially. I would now like turn the call over to Lynn Peterson, Kodiak's Chairman and CEO for today's prepared remarks.

Lynn Alan Peterson

Thank you, Christie, and good morning to everyone. As always, we will take your questions at the end of this call. Before we begin, let me introduce some members of our management team that are on the call today. James Catlin, Jimmy Henderson, Russ Branting and Russ Cunningham. We have also asked Wally O'Connell, our Reservoir Engineer to join us this morning.

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