Oasis Reports Strong 1Q on High-Intensity Completions; Type Curve Revisions Likely Forthcoming
Oasis Petroleum delivered production of 63 thousand barrels of oil equivalent per day in the first quarter, which was 19% higher sequentially and 25% higher year over year. This output was 1.2 mboe/d above the firm's fourth-quarter exit rate and more or less in line with our forecast of 64 mboe/d. The firm’s first-quarter financial results were consistent with Street expectations as well, with adjusted EBITDA and adjusted earnings per share of $151 million and negative $0.05, respectively (conse...Oasis Petroleum is an independent exploration and production company focused on the acquisition and development of onshore, unconventional oil and natural gas resources. The company's subsidiaries, Oasis Petroleum North America LLC and Oasis Petroleum Permian LLC conduct the company's exploration and production activities and own its proved and unproved oil and natural gas properties located in the North Dakota and Montana regions of the Williston Basin and the Texas region of the Delaware Basin, respectively. The company operates a midstream services business through its subsidiary, OMS Holdings LLC. The company also operates a well services business through its subsidiary, Oasis Well Services LLC.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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