Exploration & Production | Quarterly / Earnings Reports
Oasis Continues to Up Rig Count in its Bakken Position
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Oasis Petroleum Inc. has announced financial results for the quarter ended September 30, 2013.
Highlights: Increased average daily production to 33,064 barrels of oil equivalent per day ("Boepd"), a 36% increase over the third quarter of 2012 and a 10% increase over the second quarter of 2013. Completed and placed on production 38 gross (27.7 net) operated wells in the third quarter of 2013. Managed capital expenditures to $679.5 million year-to-date ending September 30, 2013, excluding expenditures associated with acquisitions. Grew Adjusted EBITDA to $219.6 million, an increase of $80.4 million over the third quarter of 2012 and a sequential increase of $34.1 million over the second quarter of 2013. For a definition of Adjusted EBITDA and a reconciliation of Adjusted EBITDA to net…- ✓ Full news archive — U.S., Canada & international coverage
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