Officials have begun maneuvering over how best to fund road construction in the booming Bakken Shale.

The deal with Calgary's Baytex Energy Corp. will boost SM's total acreage in the Williston Basin to 225,000 net acres.

Despite Whiting's offer of $3.8 billion in stock and assumption of $2.2 billion in debt, Kodiak shareholders could beĀ 'disappointed.'

Net Acreages

Company Total
Penn West Exploration 51,200
Spyglass Resources 55,000
CNOOC 61,000
Torc Oil & Gas 96,000
Encana 115,200
Shell 120,624
Murphy Oil 150,000
LGX Oil + Gas 167,838
Arc Resources 179,200
DeeThree Exploration 200,000
Crescent Point Energy 1,000,000