KODA Resources Operating: Active Divide-Williams Bakken Developer With 9 Pending Cases, Aggressive SWD Build-Out, and a Pair of Permit Revocations on the Horizon

Docket & Locations

KODA is active in two counties — Divide and Williams — with 9 pending cases spread across two hearing dates: August 27 and September 24, 2026. The August 27 docket includes a spacing unit in Williams County (case 32946, Grenora-Bakken / Hanks-Bakken / Bar Butte-Bakken pools, 88.5% progression probability) and three well authorizations in Divide County covering Fertile Valley-Bakken and Daneville-Bakken pools. The September 24 docket adds two more well authorizations in Daneville Field and two permit revocation cases, both in Divide County. A spacing unit case (33112) in Fertile Valley-Bakken, T.160N. R.103W., has already progressed to order as of the August 27 hearing. Geographic footprint in Williams County is anchored in T.159N., spanning R.102W. and R.103W. across a large multi-section block.

Portfolio

KODA's total well count stands at 212, with 68 active and 61 producing now. Zero wells are plugged — an unusually clean abandonment ledger that, read alongside the two incoming permit revocation hearings, may indicate wells that are permitted but idle rather than formally retired. The operator has 5 wells authorized in the current pipeline and a ramp score of 13.8.

Recent Orders & Cases

The most recent signed order is a Pooling Order (35904) for Fertile Valley-Bakken Pool in Divide County, dated August 26, 2026 — one day before the next hearing. On August 21, KODA received a Saltwater Disposal Authorization (36029) for Daneville Field in Divide County. The June 11, 2026 docket was the most consequential recent day: two Class II SWD Authorizations were granted (orders 35834 and 35836, covering Fertile Valley Field and Sioux Trail Field respectively) while two SWD Authorization Applications were dismissed on the same date (orders 33215 and 33026, both Fertile Valley Field). June 10 brought a dismissed well suspension/revocation application in Grenora-Bakken Pool (Divide County) and a dismissal without prejudice in Grenora-Bakken Pool (Williams County). The pattern — approvals and dismissals running in parallel — is consistent with a company testing multiple disposal sites simultaneously and accepting some attrition.

Convergence: SWD Build-Out Meets Production Push

The clearest strategic signal in this docket is the simultaneous pursuit of new production wells and saltwater disposal infrastructure in the same Divide County fields — particularly Daneville and Fertile Valley. Two well authorizations target Daneville Field; a SWD authorization was just granted there. Two Class II SWD authorizations cleared in Fertile Valley and Sioux Trail fields the same day two Fertile Valley SWD applications were dismissed. This is not coincidental sequencing: it reflects a deliberate effort to build out water-handling capacity in lockstep with new drilling, a pattern common among operators seeking to control disposal costs and potentially monetize excess capacity. The risk is that the regulatory record is messier than the 92% win rate implies — dismissed applications, a revocation dismissal, and two incoming permit revocations all sit alongside the approvals.

Hearing locations