Oasis Petroleum (OAS) Misses Q4 EPS by 6c

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Go back to Oasis Petroleum (OAS) Misses Q4 EPS by 6c

Oasis Petroleum Inc. Announces Quarter and Year Ending December 31, 2018 Earnings and Provides an Operational Update and 2019 Outlook

February 26, 2019 5:22 PM EST

HOUSTON, Feb. 26, 2019 /PRNewswire/ -- Oasis Petroleum Inc. (NYSE: OAS) ("Oasis" or the "Company") today announced financial and operational results for the quarter and year ended December 31, 2018 and provided its 2019 outlook.

Highlights

Increased production guidance twice in 2018, adjusted for divestitures. Production volumes averaged 88.3 thousand barrels of oil equivalent per day ("MBoepd") (76.2% oil) in the fourth quarter of 2018, in-line with midpoint guidance. Production volumes averaged 82.5 MBoepd (76.5% oil) for the year ended December 31, 2018. Lowered lease operating expenses ("LOE") per barrels of oil equivalent ("Boe") by over 12% year over... More