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Oasis Raises EURs For Bakken/Three Forks Wild Basin
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Oasis Petroleum is reporting that the company updated its type curve for Wild Basin bakken and the wild basin three forks formation. With continued well performance the company now sees 1.5 MMboe up from 1.0 MMboe. The company also raised its type curve eur for the three forks formaton as well to 1.2 MMboe up from 1000 Mboe.
The new type curve is based on the company high intensity well performance.
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Welll cost decline.
Q3 2016 Highlights Highlights include: Produced 48,509 Boepd in the third quarter of 2016 (down slightly (-2.0%) from 49,507 BOEPD in Q2). Total capital expenditures were $78.5 million and $297.7 million for the three and nine months ended September 30, 2016, respectively, in line with the Company's 2016 CapEx plan. Net cash provided by operating…- ✓ Full news archive — U.S., Canada & international coverage
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