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.