Update On Oasis -- January 26, 2016

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From "Elephant Analytics" at Seeking Alpha, the summary:

• Oasis has reduced its long-term breakeven point to $50 to $55 oil. This is down from around $66 one year ago.
• Narrower oil differentials and cost reductions account for the lower breakeven point.
• Oasis may still burn $200 million to $300 million over the next two years as it invests in midstream infrastructure though.
• Its debt remains quite significant, but Oasis has valuable midstream assets that it can monetize.
• This may help reduce its leverage to a more manageable level.

Other data points:

• guidance of 50,000 boepd 
• presumes $300 million drilling and completion
• presumes $150 million in infrastructure CAPEX
• presumes total spending of slightly less than $1 billion in 2016; a deficit of $166 million at $40 oil
• likely to burn through $200 million in 2016
• adequate liquidity to handle the projected 2016 burn
• Oasis has said it could monetize its Oasis Midstream Services (OMS) unit
• wells costs reduced to $7.4 million from $9 million (1Q15) and $10 million (4Q14)
• mentions the "Wild Basin" project
• analyst estimates $100 million cash burn in 2017 at $50 oil

Wild Basin Project at the November, 2015, corporate briefing; slide 13 of that presentation

• natural gas gathering and processing
• oil gathering, stabilization, and storage
• SWD gathering and wells

2016 plan:

• currently moving core program to Wild Basin
• expect system online in 2H16
• planned 2016 - 2017 CAPEX of $150 million