Earnings report press release here, and Seeking Alpha story here.
I'll let others sort it out for now; lots of moving parts and business jargon I don't dare interpret. I have a gut feeling that I know what it all means, but not sophisticated enough to know for sure. Oasis already has lots of acreage but continues to buy more acreage. Closed on another 16,700 acres on November 5, 2010.
It's amazing how far OAS has come in such a short period of time. It's market cap of $2.2 billion almost equals that of BEXP which has been around for a long time. By market cap, OAS is in the same league as MDU which has been around for decades.
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