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, 2017 Earnings

May 8, 2017 5:30 PM EDT

HOUSTON, May 8, 2017 /PRNewswire/ -- Oasis Petroleum Inc. (NYSE: OAS) ("Oasis" or the "Company") today announced financial results for the quarter ended March 31, 2017 and provided an operational update.

Highlights include:

Increased production to 63,192 barrels of oil equivalent per day ("Boepd") in the first quarter of 2017 from 53,150 Boepd in the fourth quarter of 2016. Completed and placed on production 13 gross (9.7 net) operated wells in the Williston Basin in the first quarter of 2017 and ended the quarter with 82 gross operated wells waiting on completion. Total capital expenditures ("CapEx") were $109.8... More