Oasis Petroleum and Oasis Midstream Partners.
Highlights (pretty much just the Bakken; if you want to know about the Delaware go to hte link)
- 76,800 boepd; full-year guidance raised to 81K - 84K boepd
- growing volumes at 15% to 20% y-o-y
- limited cost inflation or service tightness in either the Williston or the Delaware Basin
- Bakken taught Oasis a lot; developed a lot of long-term provider relationships
- Bakken: primarily focused on the core
- looks like a 5-rig program in the Bakken
- will complete 100 - 110 gross operated wells in 2018
- CAPEX, upstream: $815 to $855 million
- 85% of that CAPEX in Williston
- about 90% E&P capital on drilling and completions
- proppant:
- middle Bakken -- 10 million lbs proppant/well
- Three Forks -- 4 million lbs proppant/well
- particularly happy with Spratley wells in Alger; in line with Wild Basin and Alger type curves
- Indian Hills wells continue to perform above the type curve
- recently moved Painted Woods into the core due to strong performance seen by offfset operators
- takes Oasis from 483 to 585 net locations in the core with the addition of Painted Woods
- across all plays, lifting costs, $6.48/bbl; below guidance of $7 to $7.50/bbl
- = 88K bbls/day = $16,000K - $32,000K/year
- will use Oasis' new 200 million-cubic-feet-per-day natural gas processing plant at Wild Basin; will come online at the end of the year (2018); currently 65% complete; on time; on budget
- DUC backlog grew; bumped from the high 70s to around 90 or so
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