Kodiak Oil & Gas (NYSE: KOG) is quickly becoming a major player in the Bakken Shale. The company finished Q3 producing 15,855 barrels per day, and it plans to increase that by an incredible 68% to 27,000 barrels by the end of 2012. This company needs the rapid expansion, too, because other companies such as EOG Resources (NYSE: EOG) and Continental Resources (NYSE: CLR) are able to drill much more cost-efficiently. Kodiak has to focus hard on production to keep its margins high; it uses only 100% ceramics in its wells rather than sand, which, though costlier, produce the maximum from each well possible. In this video, Motley Fool energy analyst Joel South tells us if the company is actually hitting its lofty growth goals, and what its margins look like, which are the two key things for investors to look at here.

Joel South owns shares of Halliburton Company. Taylor Muckerman has no positions in the stocks mentioned above. The Motley Fool owns shares of CARBO Ceramics and Halliburton Company. Motley Fool newsletter services recommend Halliburton Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.