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Oasis Petroleum Inc. announces select operational results and preliminary financial results for 2012 and its 2013 outlook

Friday, Feb 01, 2013

HOUSTON, Jan. 31, 2013 /PRNewswire/ -- Oasis Petroleum Inc. (NYSE: OAS) ("Oasis" or the "Company") today announced 2012 operational results and estimated net proved reserves, updated its 2012 financial outlook, and provided its 2013 outlook.

"We more than doubled production for the second straight year, growing 2012 production to 22,469 barrels of oil equivalent per day," said Thomas B. Nusz, Oasis' Chairman and Chief Executive Officer.  "The team made significant strides during 2012, laying a firm foundation for continued growth into 2013.  We were able to attract the human resources, both in upstream and in OWS, who are a key strength that drives the success of Oasis.  As we transition into full pad development during 2013, we believe we have the right team in place to plan and execute successfully, especially given the complexities associated with this type of activity."

About Oasis Petroleum Inc.

Oasis is an independent exploration and production company focused on the acquisition and development of unconventional oil and natural gas resources, primarily operating in the Williston Basin.   For more information, please visit the Company's website at www.oasispetroleum.com.

SOURCE Oasis Petroleum Inc.

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posted in:

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