Oasis Petroleum (OAS) Tops Q3 EPS by 2c

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Oasis Petroleum Inc. Announces Quarter Ended September 30, 2016 Earnings

November 7, 2016 4:50 PM EST

HOUSTON, Nov. 7, 2016 /PRNewswire/ -- Oasis Petroleum Inc. (NYSE: OAS) ("Oasis" or the "Company") today announced financial results for the quarter ended September 30, 2016 and provided an operational update.

Highlights include:

Produced 48,509 Boepd in the third quarter of 2016. Total capital expenditures ("CapEx") were $78.5 million and $297.7 million for the three and nine months ended September 30, 2016, respectively, in line with the Company's 2016 CapEx plan. Net cash provided by operating activities was $123.4 million for the three months ended September 30, 2016. Adjusted EBITDA for the Company was $104.4... More