October 19, 2016: Oil & Gas Journal on this deal:
- Oasis: acquires 55,000 net acres; 226 gross operated locations; from SM Energy; $785 million
- acquisition: 50 million boe of proved reserves; 63% of which is consider proved developed producing and 77% of which is oil; will produce 12,400 boe/d 4Q16
- Oasis: 3Q16 production averaged 48,509 boe/d; 81% oil
- Oasis: increased its full-year standalone company guidance to 50,000 boe/d
- Oasis: current well costs: now down to $5.2 million on 4-million-lb-slickwater completions
- Oasis' natural gas processing plant in Wild basin now online; operating as planned; will allow October, 2016, production to average over 50,000 boe/d
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