Quarterly / Earnings Reports | Second Quarter (2Q) Update | Forecast - Production | Capital Markets | Capex Increase
Oasis Adds $80MM to Capex, Ups Guidance; Talks Williston, Delaware Basin Ops
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Oasis Petroleum reported its Q2 2018 results.
2018 Capex Increased by $80MM; Production Up +28% YOY
Oasis has increased 2018 CapEx by approximately $80 million focused on the Williston Basin. The planned budget for 2018 is now $900-930 million (up from $815-855 million originally planned).
The company also increased full year 2018 production guidance 4%, including the impact from divestitures. Additionally, increased 2018 exit rate 10% and 2019 exit rate 6% from last guidance, including the impact from divestitures.
- Q2 production of 79.4 MBOEPD (up +28% YOY and up +3% from 1Q18)
- Grew Delaware production during the second quarter of 2018 to 4.2 MBoepd and increased fourth quarter 2018 guidance by 20% from 5.0 MBoepd up to 6.0 MBoepd.
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