Exploration & Production | Quarterly / Earnings Reports
Oasis Tags 37 Bakken Wells Awaiting Completion at Q2 End
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Oasis Petroleum Inc. has reported financial results for the quarter ended June 30, 2013.
Highlights for the second quarter of 2013, include: Increased average daily production to 30,171 barrels of oil equivalent per day (Boepd), a 48% increase over the second quarter of 2012. Average daily production was relatively flat as compared to the first quarter of 2013 and within the Company's guidance range of 29,000 to 31,000 Boepd. Increased revenue to $254.6 million in the second quarter of 2013, an increase of $105.5 million over the second quarter of 2012 and a sequential increase of $6.3 million over the first quarter of 2013. Completed and placed on production 20 gross (14.0 net) operated wells in the second quarter of 2013. Began pad drilling operations, which increased the number of…- ✓ Full news archive — U.S., Canada & international coverage
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