Oasis Petroleum (OAS) Misses Q2 EPS by 36c
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Oasis Petroleum Inc. Announces Quarter Ended June 30, 2016 Earnings
August 3, 2016 4:45 PM EDTHOUSTON, Aug. 3, 2016 /PRNewswire/ -- Oasis Petroleum Inc. (NYSE: OAS) ("Oasis" or the "Company") today announced financial results for the quarter ended June 30, 2016 and provided an operational update.
Highlights include:
Produced 49,507 Boepd in the second quarter of 2016. Completed and placed on production 13 gross (8.7 net) operated wells in the second quarter of 2016. As of June 30, 2016, the Company had 83 gross operated wells waiting on completion. Total capital expenditures ("CapEx") were $131.3 million for the three months ended June 30, 2016, a 23% decrease from the second quarter of 2015. CapEx was $219.2... More