Oasis: Operational Results And Preliminary Financial Results -- 2013; Producing Sanish Acreage Selling For $40,000/Mineral Acre; No Complaining = "Normal Winter"

Press release. Lots of rounding (below). Disclaimer: typed fast; assume errors below; go to linked source.]

For calendar year 2013:

• increased average daily production by 51%; now almost 34,000 boepd
• 106 net wells in 2013; 36 net wells in fourth quarter (2013)
• increased total estimated net proved oil/gas reserves to almost 228 million boe
• increased total estimated net provide oil/gas reserves by almost 60%
• grew leasehold by 54% to 515,314 net acres
• 422,386 net acres held by production
• acquired 161,000 net acres in four separate transactions, totaling $1.554 billion
• increased drilling location inventory by almost 80%
• drilling location inventory: 3,590 (up from 2,020 one year ago)
• well costs: $7.5 million (from $8.5 million a year earlier)
• ended year with total liquidity of $1.25 billion

Plans for 2014:

• to sell some non-operated Sanish property; undisclosed buyer; $333 million; 8,354 acres ($333 million/8,354 producing acres = $40,000/acre
• increase daily production to 50,000 boepd (excluding Sanish production)
• CAPEX: $1.425 billion; 90% for drilling/completion [$1,282 million/$7.5 million = 171 wells]
• to complete 148 net wells [$1,282 million / 148 wells = $8.7 million/well]
• will drill almost all wells on 3+ well-pads; 50% of wells will target the Three Forks

4Q13:

• "normal winter"
• increased volume almost 30% q/q
• 93% of wells connected to natural gas infrastructure [compare with KOG]