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Oasis Talks 2020 Plans, Q4 2019 Results
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Oasis Petroleum Inc. announced financial and operational results for the quarter and year ended December 31, 2019 and provided its 2020 outlook.
Thomas B. Nusz, Oasis' Chairman and Chief Executive Officer, said: "Fourth quarter results demonstrate continued execution and progress towards reducing leverage. Volumes exceeded expectations while spending was lower, driven by a relentless focus on efficiency. A combination of free cash flow and asset sales led Oasis to reduce E&P debt by $188 million over the course of 2019. I'm proud of the Oasis team for rising to the challenge and driving significant cost savings and efficiencies in the back half of 2019. These efforts positioned our 2020 plan to be more capital efficient, especially when we factor in lower well costs and improved cycle…
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