Oasis Petroleum (OAS) Tops Q1 EPS by 2c

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Go back to Oasis Petroleum (OAS) Tops Q1 EPS by 2c

Oasis Petroleum Inc. Announces Quarter Ended March 31, 2015 Earnings

May 6, 2015 4:30 PM EDT

HOUSTON, May 6, 2015 /PRNewswire/ -- Oasis Petroleum Inc. (NYSE: OAS) ("Oasis" or the "Company") today announced financial results for the quarter ended March 31, 2015 and provided an operational update.

Highlights include:

Exceeded production guidance range and increased average daily production to 50,446 barrels of oil equivalent per day ("Boepd"), an 18% increase over the first quarter of 2014 and a 1% sequential quarter increase. Invested capital expenditures ("CapEx") of $271.1 million in the first quarter of 2015, compared to a CapEx budget of $271.1 million. Completed and placed on production 23 gross (19.2 net)... More