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Oasis Sports 1MMboe Bakken EUR Through Modified Completions
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Oasis Petroleum Inc. announced financial results for the quarter ended March 31, 2016 and provided an operational update.
Key Points: Completed 15 gross wells during 1Q 83 gross operated wells waiting on completion Continue to expect to bring on wells in the fall of 2016 The Company reported a net loss of $64.5 million, or $0.40 per diluted share, as compared to a net loss of $18.0 million, or $0.17 per diluted share, for the first quarter of 2015. Increasing EUR 30-60% with high intensity completions Highlights include: Produced over 50,000 barrels of oil equivalent per day for the sixth consecutive quarter, with production of 50,315 Boepd in the first quarter of 2016. Completed and placed on production 15 gross (12.8 net) operated and 0.3 net non-operated wells in the first quarter…- ✓ Full news archive — U.S., Canada & international coverage
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