Oasis -- This Page Is No Long Being Updated

Oasis

• now tracked here. 
  
• March 7, 2022: Oasis and Whiting merge. The new Oasis-Whiting will be tracked here.
  
• 3Q21: Oasis Midstream merges with Crestwood Midstream; 3Q21 results;
  
• May 3, 2021: acquires 95,000 QEP acres from FANG; EPS / revenue smashes through estimates; now has 497,000 net acres in the Bakken; prior to acquisition, 50,000 boepd; acquisition adds 27,000 boepd; total after acquisition, 77,000 boepd; 12+ years of drilling at current rate;
• Permian: 24,000 acres; 10+ years of drilling at current rate;
• 7,200 boepd
• Permian: 7,200 / 24,000 = 0.3 boepd per acre
• Bakken: 77,000 / 497,000 = 0.15 boepd per acre
  
• November 12, 2020: Court approves pre-packaging restructuring plan. 
  
• September 22, 2020: headed for bankruptcy?
  
• February, 2020, corporate presentation -- 
• November, 2019, corporate presenation -- 
• Oasis' plays in the Bakken; November, 2019; company says it has --
• gross operated top tier inventory in the Williston Basin: 1,385 mineral acres
• net acres: 414,000
• rigs in 2019: 2 - 3
• 3Q19 production: 80,000 boepd;
• compare with the Permian:
• gross operated top tier inventory in the Delaware: 600 - 700 mineral acres; 
• net acres: 23,000 (represents 5% of their total mineral acres in US shale
• rigs in 2019: 2
• 3Q19 production: 8,500 boepd (represents almost 10% of their total US shale production)
• 4Q18/full year: 414,000 net acres; 83,000 boepd; free cash flow from the Bakken is being used to develop the Permian
• 3Q18: revenue -- $547 million; production, 65,900 bopd; 77% oil; Williston Basin -- 110 gross operated wells; Permian: 6 - 8 gross operated wells;
• September 17, 2018: #4 producer (has been for quite some time; not sure when it became the #4 producer)
• contributor at SeekingAlpha says Whiting bought 55,000 net acres for $130 million from Oasis; not mentioned in the Oasis August, 2018, corporate presentation;
• not exiting the Bakken; but will enter the Permian; not all investors happy with this;
• January, 2018, presentation; 72,000 boepd (Williston); EURs of 1.6 million boe type curves; incredibly important presentation; also here;
• enters the Permian; announces that it will buy 20,000 acres there; December 12, 2017
• expects to raise $500 million by selling non-core Bakken assets 
• had 517.8 thousand net acres in the Bakken prior to the announcement
• announces interest in spinning off an MLP, May 19, 2017
• Daily activity report: 156 SM Energy wells transferred to Oasis
• Record two-month production for Oasis? February 2, 2017.
• January, 2017: Motley Fool update; very, very bullish; SM Energy deal a big, big deal
• November, 2016: with SM Energy deal closing December 1, 2016, Oasis should have 540,000 net acres
• Oasis - SM Energy deal, October, 2016: SM Energy sells 55,000 non-Divide County acres to Oasis; $785 million deal
• final estimates for full year 2016: 485,000 net acres; 45,000 to 49,000 boepd estimated; budget about $400 million; drilling and completion budget, about $200 million; 83 DUCs
• 1Q16: 485,000 net acres; 2 rigs; core Bakken, EUR slightly more than 1 million boe; TFS1: about 810,000 boe;
• 2Q14 earnings: 43,668 boepd, a 45% increase y/y; started operating a second frack fleet (Oasis Wells Services); LOE ballooned from $6.65 (one year ago) to $10.21/boe (due to delayed workovers on wells affected by severe winter;
• 1Q14 earnings; sold some non-core assets; acreage should change; sold Sanish non-core for $183.4 million; August presentation: 505,960 acres; 16 rigs (includes 2 in Montana); 44K boepd; 
• March 31, 2014: 506,960 net acres; 
• Summary, calendar year, 2013: 515,314 net acres; 34,000 boepd; 150 wells in 2014
• September, 2013: announces acquisition of 161,000 net acres for $1.515 billion; brings total total Williston Bakken acreage to 492,000 net acres; 42K bopd;
• 1Q13: formed Oasis Midstream Services (SWD and other activities; cost savings of $0.3 million/well); says well costs are down to $8.4 million excluding OMS savings; inventory: 14 years @ 145 wells/year (gross operated; compare to 2012 below); 10 rigs: 5 west Williston; 5 east Nesson
• 2012 Summary: avg daily production (doubled previous year) to 22,469 boepd; 93 net wells; net proved boe at 143 million bbls (82% increase over 2012); 335,383 net acres; 264,595 HBP; launched Oasis Well Services (internal frack provider); decrease well cost from $105. million to $8.8 million; goal for 2013 -- 30,000 to 34,000 boepd
• January, 2013: Director, NDIC, says Burke County is edge of the Bakken; said major operator in Burke likely to pull out (in Burke County: OXY USA, Oasis, CLR, Cornerstone) 
• November, 2012: NOG says 333,000
• 320,000 September corporate presentation
• 320,000 (2Q12 earnings call)
• 307,430 (June 2012 presentation)
• 303,231 (3Q11) (ND and Montana Bakken acreage)
• (10,000 acres acquired in late 2010, Elm Coulee, Richland County, Montana)
• Analyst's figure: 292,000 net acres (December 31, 2010)
• 10 rigs [prev 9 rigs];  prev plan 12 in 2012 (3 contracted); 3 frack crews; 11 yrs of drilling if 120 wells/yr; now plan to exit 2012 with 10 rigs
• Oasis Well Services, fracking company, 1H12; save $1 million on 20 net wells;
• Drilling days: 29 days, avg, 2010; 26 days, avg 2011; Feb, 2012: 23 days; fastest: 18 days
• West Williston: 208,000 net acres [previously - 201,265] [prev191,716 net acres (up slightly from 191,552, last report)]
• East Nesson: 108,000 net acres [previously 97,956 net acres] [prev 102,786] net acres
• Sanish: 8,000 [ previously 8,409] [prev 8,729] net acres
• Prospects: Red Bank (north of Williston, 68K), Indian Hills (south of Williston, other side of river, deepest of the formation, Heart of the Bakken, 25K), Mondak/Other (southwest of Williston, mostly McKenzie County, 28); Hebron (Montana, directly west of Williston, Richland County, Montana, 49K); Target (Montana, northwest of Williston, west of the Red Bank prospect, 20K); St Croix (north of Cottonwood, 13K); North Cottonwood, 55K; South Cottonwood, 50K (north of Parshall); Missouri (Montana, west of Hebron, 17K);
• Three Forks:  South Cottonwood, Indian Hills, Sanish
• Has its own fracking company 
• 36 stage frack: $10 million for sand/ceramic mix; $9.2 million for all sand
• 4Q12 (est): 22,000 boepd (Feb 3, 2012 presentation)
• 4Q11: 15,182 boepd (December: 16,200 boepd)
• 3Q11: 14,300 boepd 
• 4Q10: 5,206 boepd
• Proved reserves increase 98%, 4Q11 vs 4Q10
• it all began with MDU;