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Stock impact report

Oasis Petroleum Inc. Announces Quarter Ended June 30, 2019 Earnings

Oasis Petroleum Inc. (OAS) 
Last oasis petroleum inc. earnings: 2/25 05:28 pm Check Earnings Report
US:NYSE Investor Relations: oasispetroleum.com/investors
Company Research Source: PR Newswire
HOUSTON, Aug. 6, 2019 /PRNewswire/ -- Oasis Petroleum Inc. (NYSE: OAS) ("Oasis" or the "Company") today announced financial and operating results for the second quarter of 2019. Recent Highlights:Delivered net cash provided by operating activities of $214.0 million and Adjusted EBITDA(1) of $249.6 million for the second quarter of 2019. Produced 84.5 MBoepd, an increase of 6.3% from the second quarter of 2018. Temporary downtime in OMP's Wild Basin natural gas processing complex caused an estimated 3.0 MBoepd and $6 million in lost production and Adjusted EBITDA(1), respectively. July production averaged approximately 89 MBoepd. Achieved positive free cash flow year to date and continues to expect to be free cash flow positive in 2019 for the E&P business(2). Delaware Basin well costs are targeted at $9.6 million per ~10,000 foot lateral well. LOE totaled $7.32 per Boe in the second quarter of 2019, within the Company's guidance of $7.00 to $7.75 per Boe. Both total Company G&A expens Show less Read more
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