Kodiak Oil & Gas’s Oil Production Up by 5 Times in Q4

CBS News reported that Kodiak Oil & Gas Corp’s (NYSE:KOG) oil and natural gas production climbed more than 5 times in the fourth quarter.

As quoted in the market news:

For the full year, Kodiak said it produced an average of 3,922 barrels of oil equivalent per day, more than triple the rate from 2010 but down from previous estimates of between 4,500 and 5,000 barrels per day.

Click here to read the full CBS News report.