In its earnings call today (per Don, thank you), Oasis says DAPL has saved $2/bbl in transportation costs.
Production: Oasis says it is producing around 72,000 boepd.
Savings that drop directly to the bottom line due to the DAPL (some numbers rounded):
- $2 / bbl * 72,000 boepd = $150,000 / day
- 30 days * $150,000/day = $4.5 million / month = $50 million / year
The two-year Native American delay in completion of this pipeline could have cost Oasis as much as $100 million. And that's just the tip of the iceberg -- how much that meaningless protest cost.
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John Kemp May Be Unto Something Here -- Great Observation
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