In the last month, KODA and Phoenix have pulled well permits that would occupy the same spacing unit. North Dakota 159N/103W, Sections 3-10-15-22. (4 mile laterals) They have two different well pad locations specified.
KODA pulled permit #42554 on 12/11/25.
Phoenix pulled five permits starting with #42623 on 1/8/26.
I thought an operator could only drill/control a unit with a majority of leases? I’m a little confused. Is KODA playing games with Phoenix, who appears more serious about this unit? Are they hoping to drill and hold the unit for a future date?