<p>Looking at companies in the oil-heavy Bakken area, <strong>Continental Resources</strong><span class="ticker" data-id="210167" /> is the largest leaseholder, <strong>EOG</strong> <span class="ticker" data-id="203399" />wins for creativity when it comes to moving oil, and the relatively small <strong>Kodiak Oil</strong> <span class="ticker" data-id="209507" />represents the area's growth story. This company has been growing at well over 200% for the past few years, production growth has been huge, and its reserves are substantial -- but there are still risks at hand for this small-cap E&P. In the preceding video, Fool.com analyst Joel South looks at issues such as liquidity, the Bakken's high depletion rate, and price volatility in determining what it will take for Kodiak's risks to turn into rewards.</p>
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Joel is a University of Washington graduate and covers energy and materials for The Motley Fool. Be sure to follow The Motley Fool's energy and materials Twitter for all your energy and materials coverage.