Kodiak Oil & Gas reports 138% increase in FY12 estimated proved reserves Kodiak's estimated total proved reserves at December 31, 2012 were approximately 94.8M barrels of oil equivalent, as compared to 39.8 MMBoe at December 31, 2011. The 2012 total represents a 138% increase from 2011's estimated proved reserves on an equivalent basis, and is comprised of 80.9 million barrels of crude oil and 83.1 billion cubic feet of natural gas. The 2012 reserve mix is 85% crude oil, along with 15% associated natural gas. Approximately 46% of the 2012 total proved reserves are categorized as proved developed producing and approximately 54% are classified as proved undeveloped. Substantially all of the company's estimated proved reserves are located in the Williston Basin.
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