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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.
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August 31, 2014
13:31 EDTOASHart Energy to hold a conference
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