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Oasis Details 'Transformational' Year in the Bakken; Talks 2014
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Oasis Petroleum Inc. has reported its 2013 operational results and estimated proved reserves, updated its 2013 financial outlook, and provided its 2014 outlook.
2013 Highlights Increased average daily production 51% year-over-year to 33,904 barrels of oil equivalent per day 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 fourth quarter of 2013. Increased total estimated net proved oil and natural gas reserves to 227.9 million barrels of oil equivalent 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…- ✓ Full news archive — U.S., Canada & international coverage
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