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February 4, 2014
09:29 EDTOASOasis Petroleum increased average daily production 51% YoY
Oasis Petroleum announced its 2013 operational results. Increased average daily production 51% year-over-year to 33,904 barrels of oil equivalent per day, or Boepd, in 2013, up from 22,469 Boepd in 2012. Completed and placed on production 136 gross (106.1 net) operated wells during 2013, including 47 gross (36.4 net) operated wells in the Q4. Increased total estimated net proved oil and natural gas reserves to 227.9M barrels of oil equivalent, or MMBoe, at December 31, 2013, a 59% increase over year-end 2012 total estimated net proved reserves, with an associated increase in SEC PV-10 of approximately 69%. Approximately 87% of estimated net proved reserves at year-end 2013 consisted of oil and 54% were developed. Ended the year with $91.9M of cash and cash equivalents and had total liquidity of $1,251.1M, including the Company's $1,500M revolving credit facility.
News For OAS From The Last 14 Days
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March 5, 2015
10:05 EDTOASOn The Fly: Analyst Downgrade Summary
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07:39 EDTOASOasis Petroleum downgraded to Hold from Buy at Canaccord
Canaccord downgraded Oasis Petroleum to Hold from Buy based on valuation following its dilutive equity offering. Canaccord lowered its price target on Oasis Petroleum to $15 from $17.
March 4, 2015
09:25 EDTOASOasis Petroleum 32M share Spot Secondary priced at $12.80
The size was increased to 32M shares from 25M shares and priced between the $12.60-$13.25 range. Credit Suisse and JPMorgan acted as joint book running managers for the offering.
09:08 EDTOASOn The Fly: Pre-market Movers
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07:14 EDTOASSimmons to hold a conference
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06:30 EDTOASOasis Petroleum files to sell 25M shares of common stock
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March 2, 2015
10:00 EDTOASOn The Fly: Analyst Downgrade Summary
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06:24 EDTOASOasis Petroleum downgraded to Neutral from Buy at Guggenheim
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February 25, 2015
16:38 EDTOASOasis Petroleum sees 2015 total capital expenditure budget $705M
Oasis Petroleum expects a $705M total capital expenditure budget for 2015, with approximately 80% allocated for drilling and completion CapEx. It is targeting average daily production to range between 45,000 to 49,000 Boepd, representing an approximate 3% increase at the midpoint of 2015 over 2014 average daily production. The company said it is exploring financing opportunities for Oasis Midstream Services. OMS assets have historically included primarily salt water disposal ("SWD") pipelines and wells. In
16:37 EDTOASOasis Petroleum reports Q4 adjusted EPS 35c, consensus 57c
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