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Thursday, May 8, 2014

Oasis 1Q14 Earnings Conferecne Call

Transcript over at SeekingAlpha.

Highlights:
for 2Q14, anticipate 45,000 boepd
growth to accelerate going into the second half of the year
will complete 60% of wells in second half of the year
40% of wells with slickwater in areas where it seems to work
average well cost: $7.2 million (savings due to OWS)
volumes grew 5% despite a very harsh winter
slickwater: increases of 25%  - 30% through 90 days of production
in the Cottonwood, reduced proppant volumes actually improved production
mentions that the company will test coil tubing fracks and cemented liners
excited about Montana operations; EURs of 450,000; well cost: $6 million
Montana: 90,000 net acres
encouraged by lower Three Forks wells; moving to full DSU development in 20% of our acreage




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