Davis Polk advised Credit Suisse Securities (USA) LLC, KeyBanc Capital Markets Inc. and Wells Fargo Securities, LLC as joint bookrunners of a registered public offering by Kodiak Oil & Gas Corp. of 27,600,000 shares of Kodiak’s common stock (which included the full exercise of the over-allotment option). The net proceeds from the offering totaled approximately $159 million. Kodiak intends to use the net proceeds from the offering to repay outstanding debt under its revolving credit facility, to fund capital expenditures related to drilling, development and infrastructure and for general corporate purposes, including the potential acquisition of oil and gas properties.

Kodiak Oil & Gas Corp. is a Denver-based independent energy exploration and development company focused on exploring for, developing and producing oil and natural gas in the Williston and Green River Basins in the U.S. Rocky Mountains.

The Davis Polk corporate team included partner Richard D. Truesdell Jr., counsel Jeff Ramsay, associates Jonathan C. Pentzien and Joshua Dugan and summer associate Siew K. Kwok. The tax team included partner Samuel Dimon and associate Changsheng (Eric) Song. Counsel Betty Moy Huber and associates Hayden Baker and Adam Riedel provided environmental advice. Katina D. Gallo and Jack S. Keating were the legal assistants on the transaction. All members of the Davis Polk team are based in the New York office.