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May 06, 2015 11:25 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Oasis Petroleum Inc.

Company Overview

Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. The company's principal projects are located in West Williston and East Nesson. As of December 31, 2014, it had 505,503 net leasehold acres in the Williston Basin; and approximately 272.1 million barrels of oil equivalent of estimated net proved reserves. The company sells its oil and natural gas to refiners, marketers, and other purchasers that have access to pipeline and rail facilities. Oasis Petroleum Inc. was founded in 2007 and is headquartered in Houston, Texas...

1001 Fannin Street

Suite 1500

Houston, TX 77002

United States

Founded in 2007

558 Employees

Phone:

281-404-9500

Key Executives for Oasis Petroleum Inc.

Chairman and Chief Executive Officer
Age: 54
Total Annual Compensation: $1.5M
President, Chief Operating Officer and Director
Age: 51
Total Annual Compensation: $850.0K
Chief Financial Officer and Executive Vice President
Age: 39
Total Annual Compensation: $643.5K
Executive Vice President, General Counsel and Corporate Secretary
Age: 45
Total Annual Compensation: $561.6K
Chief Accounting Officer and Senior Vice President
Age: 55
Total Annual Compensation: $403.0K
Compensation as of Fiscal Year 2014.

Oasis Petroleum Inc. Key Developments

Oasis Petroleum Inc. Announces Redetermination and Extension of its Borrowing Base

Oasis Petroleum Inc. announced that the lenders under its revolving credit agreement completed their regular semi-annual redetermination of the borrowing base, resulting in a borrowing base of $1,700 million.  The company increased the lenders' aggregate elected commitment to $1,525 million from $1,500 million.  The lenders' aggregate commitment can be increased to the full $1,700 million borrowing base by increasing the commitment of one or more lenders. Additionally, the company extended the maturity date of the facility from April 2018 to April 2020, provided that the company's 2019 Senior Notes are retired or refinanced 90 days prior to the maturity of the 2019 Senior Notes.  Oasis' borrowing base facility is supported by 18 financial institutions.  The next redetermination of the borrowing base is scheduled for October 1, 2015.

Oasis Petroleum Inc. to Report Q1, 2015 Results on May 06, 2015

Oasis Petroleum Inc. announced that they will report Q1, 2015 results After-Market on May 06, 2015

Oasis Petroleum Inc., Annual General Meeting, May 04, 2015

Oasis Petroleum Inc., Annual General Meeting, May 04, 2015., at 09:00 Central Standard Time. Location: Four seasons hotel. Agenda: To elect three class II Directors, each for a term of three years; to ratify the selection of Pricewaterhousecoopers LLP as the company’s independent registered public accountants for 2015; to consider and approve the compensation of its executive officers; to consider and approve the first amendment to the amended and restated 2010 long-term incentive plan to increase the maximum number of shares that may be issued under the LTIP by 1,350,000 shares; to approve the material terms of the LTIP for purposes of complying with section 162(m) of the internal revenue code with respect to the additional shares; to consider and act upon a stockholder proposal, if properly presented at the annual meeting; and to transact such other business as may properly come before the annual meeting.

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