Exploration & Production | Operational Updates
Oasis Petroleum Increases Production 109% YoY
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Oasis Petroleum Inc. announced financial results for the quarter ended September 30, 2012.
Highlights for the three months ended September 30, 2012 include:
Increased average daily production to 24,257 barrels of oil equivalent per day ("Boepd"), a 109% increase over the third quarter of 2011. Average daily production increased by 19% compared to the second quarter of 2012 and exceeded our guidance range of 22,000 to 24,000 Boepd. Increased revenue to $184.7 million in the third quarter of 2012, up from $87.6 million in the third quarter of 2011 and $149.1 million in the second quarter of 2012, for an increase of 111% and 24%, respectively. Completed and brought on production 34 gross operated wells in the third quarter 2012 compared to 22 gross operated wells in the third quarter of…- ✓ Full news archive — U.S., Canada & international coverage
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