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On the Market: Oasis Looking to Divest 51,305 Net Williston Basin Acres
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Oasis Petroleum has put producing Williston Basin properties up for sale in Montana and North Dakota.
Shallow Decline Production; Consistent Cash Flow 625 BOEPD net production primarily from Madison formation 95 producing wells, majority operated Operated interests are approximately 87% WI, 71% NRI 3.0 MMBOE in net proved reserves Consolidated Acreage; Large Drilling Inventory 61,869 Gross and 51,305 Net Acres, with 98% HBP and 90% Operated Bakken / Three Forks rights excluded 55 extended reach and infill Madison horizontal locations identified Upside Opportunities Improving operational efficiencies Reducing fixed and variable costs Recomplete and workover existing wells For more information, contact:Nick Asher, VP Business Development (303) 721-6354 ext. 260
Aaron Hugen…
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