February 19, 2017 7:00 AM 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. Its principal projects are located in West Williston and East Nesson. As of December 31, 2015, the company had 484,745 net leasehold acres in the Williston Basin; and approximately 218.2 million barrels of oil equivalent of estimated net proved reserves. Oasis Petroleum Inc. sells its oil and natural gas to refiners, marketers, and other purchasers that have access to pipeline and rail facilities. The company was founded in 2007 and is headquartered in Houston, Texas.

1001 Fannin Street

Suite 1500

Houston, TX 77002

United States

Founded in 2007

464 Employees

Phone:

281-404-9500

Key Executives for Oasis Petroleum Inc.

Chairman and Chief Executive Officer
Age: 56
Total Annual Compensation: $820.0K
President, Chief Operating Officer and Director
Age: 53
Total Annual Compensation: $500.0K
Chief Financial Officer and Executive Vice President
Age: 41
Total Annual Compensation: $420.0K
Executive Vice President, General Counsel and Corporate Secretary
Age: 47
Total Annual Compensation: $360.0K
Compensation as of Fiscal Year 2015.

Oasis Petroleum Inc. Key Developments

Oasis Petroleum Inc. Presents at Jefferies 2016 Energy Conference, Nov-29-2016

Oasis Petroleum Inc. Presents at Jefferies 2016 Energy Conference, Nov-29-2016 . Venue: St Regis Hotel, 1919 Briar Oaks Ln, Houston, TX 77027, United States.

Oasis Petroleum Inc. Announces Unaudited Consolidated Earnings and Production Results for Third Quarter and Nine Months Ended Sept. 30, 2016; Provides Production Guidance Through 2018

Oasis Petroleum Inc. announced unaudited consolidated earnings and production results for third quarter and nine months ended Sept. 30, 2016. For the quarter, the company reported total revenues of $177,311,000, operating loss of $25,702,000, loss before income taxes of $50,633,000, net loss of $33,942,000, diluted per share of $0.19, net cash provided by operating activities of $32,018,000, capital expenditures of $78,453,000 compared to the total revenues of $197,235,000, operating loss of $19,926,000, income before income taxes of $47,447,000, net income of $27,055,000, diluted per share of $0.2, net cash provided by operating activities of $50,451,000, capital expenditures of $78,053,000 for the same quarter a year ago. For the year to date, the company reported total revenues of $486,674,000, operating loss of $129,131,000, loss before income taxes of $285,146,000, net loss of $188,328,000, diluted per share of $1.09, net cash provided by operating activities of $123,419,000, capital expenditures of $297,696,000 compared to the total revenues of $607,668,000, operating loss of $60,998,000, loss before income taxes of $62,045,000, net loss of $44,216,000, diluted per share of $0.35, net cash provided by operating activities of $280,337,000, capital expenditures of $519,566,000 for the same period a year ago. For the quarter, the company reported natural gas was 5,007 (MMcf) against 3,438 (MMcf) reported last year. Oil equivalents was 4,463 (MBoe) against 4,650 (MBoe) reported last year. Average daily production was 48,509 (Boe per day) against 50,546 (Boe per day) reported last year. For the nine months, the company reported natural gas was 11,245 (MMcf) against 12,107 (MMcf) reported last year. Oil equivalents was 13,809 (MBoe) against 9,940 (MBoe) reported last year. Average daily production was 49,440 (Boe per day) against 50,418(Boe per day) reported last year. The company expects to grow production at double-digit rates through 2018 with oil prices in the mid-40s or above.

Oasis Petroleum Seeks Acquisitions

"Oasis continues to increase shareholder value by further improving capital efficiency and acquiring assets that allow us to best leverage our operating expertise," said Thomas B. Nusz, Chairman and Chief Executive Officer of Oasis Petroleum Inc. (NYSE:OAS).

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