Jefferies Upgrades Oasis Petroleum (OAS) to Buy

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Go back to Jefferies Upgrades Oasis Petroleum (OAS) to Buy

Oasis Petroleum Inc. Announces Quarter Ended March 31, 2016 Earnings

May 9, 2016 5:15 PM EDT

HOUSTON, May 9, 2016 /PRNewswire/ -- Oasis Petroleum Inc. (NYSE: OAS) ("Oasis" or the "Company") today announced financial results for the quarter ended March 31, 2016 and provided an operational update.

Highlights include:

Produced over 50,000 barrels of oil equivalent per day ("Boepd") for the sixth consecutive quarter, with production of 50,315 Boepd in the first quarter of 2016. Completed and placed on production 15 gross (12.8 net) operated and 0.3 net non-operated wells in the first quarter of 2016. As of March 31, 2016, the Company had 83 gross operated wells waiting on completion. Total capital expenditures... More