Kolibri Global Energy Expands Oklahoma Drilling Strategy with Higher 2026 Forecast
Event summary
- Kolibri Global Energy is expanding its drilling strategy to target additional benches (False Caney, Upper Caney, T-zone, Sycamore) in the Tishomingo field, Oklahoma.
- The company added a False Caney well to its 2026 drilling program and forecasts 17%–30% production growth, $78M–$84M revenue, and $56M–$62M adjusted EBITDA for the year.
- Unexpected geologic conditions required redesigning the Clifton Mack wells, increasing costs but supporting high production rates.
- The board, including new members with technical and financial expertise, supports the strategy to boost production and reserves.
The big picture
Kolibri’s expanded drilling strategy reflects a broader industry trend of maximizing existing acreage through advanced completion techniques. The company aims to capitalize on untapped benches while maintaining its focus on low-cost production, positioning itself as a key player in U.S. energy security. The board’s support signals confidence in the technical and financial viability of this approach.
What we're watching
- Execution Risk
- Whether Kolibri can successfully drill and complete wells in the new benches while managing higher costs.
- Reserve Growth
- The pace at which additional drilling locations are proven up, potentially increasing reserves and shareholder value.
- Market Valuation
- How the market will price Kolibri’s strategy shift toward multi-bench development in Oklahoma.