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Oasis Petroleum Inc.
80 articles mentioning Oasis Petroleum Inc. · Page 1 of 4
Whiting, Oasis Seal $6.0B Merger Deal; Form Chord Energy
Chord Energy Corp. has announced the successful completion of the combination of Whiting Petroleum Corp. and Oasis Petroleum Inc., creating a scaled unconventional U.S. oil producer with a premier Williston Basin position with top tier assets...
Oasis Petroleum First Quarter 2022 Results
Oasis Petroleum Inc. announced financial and operating results for the quarter ending March 31, 2022. 1Q22 Operational and Financial Highlights: Produced 69.6 MBoepd in 1Q22 with oil volumes of 45.0 MBopd, both above the high-end of...
Oasis Petroleum Fourth Quarter, Full Year 2021 Results
Oasis Petroleum Inc. announced financial and operating results for the quarter and year ending December 31, 2021. Fourth quarter and year end results are consistent with the update released on February 9, 2022. 4Q21 Operational and...
Oasis IDs 2022 Budget; Increasing Capex 74% YOY, Flat Production
Oasis Petroleum Inc. provided its return of capital plan, announced preliminary 2021 results, and issued its 2022 outlook. 2022 Plans - Capex: $295 million - up 74% vs. 2021 D&C: $250 million (85%) Other: $45 million...
Oasis Midstream Finalizes Merger with Crestwood Equity
Oasis Petroleum Inc. announced the closing of the previously announced merger between Oasis Midstream Partners LP and Crestwood Equity Partners LP. Concurrent with the closing of the OMP-Crestwood Merger, Oasis directors N. John Lancaster Jr. and...
Oasis Petroleum Adds New Director to Board
Oasis Petroleum Inc. reported the appointment of Marguerite Woung-Chapman to the Board of Directors, effective immediately. Ms. Woung-Chapman will serve on the Board's Compensation Committee as well as its Nominating, Environmental, Social & Governance Committee. With...
Oasis Petroleum Third Quarter 2021 Results
Oasis Petroleum Inc. announced financial and operating results for the third quarter of 2021. 3Q21 Operational and Financial Highlights: Produced 51.8 MBoepd in 3Q21 with oil volumes of 31.9 MBopd; E&P CapEx was $42MM, greater than...
Oasis Wraps Up Deal for Williston Assets; Borrowing Base Jumps to $900MM
Oasis Petroleum Inc. has completed the previously announced strategic acquisition of Williston Basin assets from Diamondback Energy. Borrowing Base Increased Over 100% Oasis also announced the lenders under its senior secured revolving credit facility completed their...
U.S. E&P Companies Continue to Consolidate; Oasis, Chesapeake, Laredo, PVA, & More
A big trend for 2021 sees E&Ps expanding their asset portfolios in core areas, while simultaneously discarding their positions in non-core plays. Companies such as Whiting, Chesapeake, Oasis, Laredo, and numerous others have struck deals recently...
Oasis Petroleum Second Quarter 2021 Results
Oasis Petroleum Inc. announced financial and operating results for the second quarter of 2021, declared its second quarter 2021 dividend, and updated its 2021 outlook. 2Q21 Highlights: Produced total volumes of 54.3 MBoepd and oil volumes...
Oasis Adjusts 2021 Plans After Permian Asset Sale; Capex Cut 10%
After announcing its impending exit from the Permian, Oasis Petroleum Inc. has updated its 2021 guidance and hedging portfolio. After the close of the sale, Oasis will be a pure-play Bakken-focused E&P. Updated 2021 Guidance Capex:...
Oasis Petroleum First Quarter 2021 Results
Oasis Petroleum reported its Q1 2021 results. 1Q21 Operational and Financial Highlights: Completed simplification of midstream business through sale of remaining interests in Bobcat DevCo and Beartooth DevCo to OMP and elimination of IDRs (the "Midstream...
Oasis Taps Former Anadarko Exec as New CEO
Oasis Petroleum Inc. has appointed Daniel E. "Danny" Brown as Chief Executive Officer effective April 13, 2021. Concurrently, Brown was also appointed to the Oasis Board of Directors. About Brown Mr. Brown has 23 years of...
Oasis Ups Capex 13% for 2021, Production Flat; Q4/Full Year 2020 Results
Oasis Petroleum Inc. announced select financial and operational results for the quarter and year ended December 31, 2020 and provided its 2021 outlook. 2021 Plan - Capex: $231-243 million - up 13% vs. 2020 levels D&C:...
Oasis Petroleum CEO Nusz Retires; Chairman Brooks Takes Helm for Interim
Oasis Petroleum Inc. announced that Thomas Nusz, the Company's Chief Executive Officer, retired from his position as Chief Executive Officer of Oasis and from its Board of Directors effective December 22, 2020. Mr. Nusz will remain...
Oasis Petroleum's Bankruptcy Plan Approved by Court
Oasis Petroleum Inc. announced that the US bankruptcy court has confirmed its "pre-packaged" restructuring plan. The plan will eliminate $1.8 billion worth of the company's debt. The Company expects to successfully complete its financial restructuring and...
Oasis Petroleum Files Chapter 11 Bankruptcy
In an expected move, Oasis Petroleum filed chapter 11 bankruptcy. The company is seeking to restructure $1.8 billion in debt. The pre-packaged plan will see the company emerge with $340 million in borrowings under its credit...
UPDATE: Oasis, Lenders Discussing Restructuring Following Missed Interest Payment
UPDATE (9/18): Oasis Enters Grace Period; Eyes Possible Restructuring Following its missed interest payment due date (see details below), Oasis Petroleum Inc. has entered into a 30-day grace period regarding the interest payment on its debt...
Oasis Petroleum Second Quarter 2020 Results
Oasis Petroleum Inc. reported its Q2 2020 results and updated its 2020 outlook. 2Q20 Highlights: Delivered net cash used in operating activities of $47.9 million and Adjusted EBITDA of $174.2 million in 2Q20. Produced 54.1 MBoepd...
Oasis Q1: Borrowing Base Cut 52%; Suspension of D&C Activity
Oasis Petroleum Inc. announced financial and operating results for the first quarter of 2020 and updated its 2020 outlook. Here are the highlights from its report and call: Borrowing Base Cut 52% / 84% Drawn Oasis...