Company Quick10K Filing
Oasis Petroleum
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 322 $1,745
10-Q 2019-11-06 Quarter: 2019-09-30
10-Q 2019-08-09 Quarter: 2019-06-30
10-Q 2019-05-08 Quarter: 2019-03-31
10-K 2019-03-01 Annual: 2018-12-31
10-Q 2018-11-06 Quarter: 2018-09-30
10-Q 2018-08-07 Quarter: 2018-06-30
10-Q 2018-05-08 Quarter: 2018-03-31
10-K 2018-02-28 Annual: 2017-12-31
10-Q 2017-11-09 Quarter: 2017-09-30
10-Q 2017-08-03 Quarter: 2017-08-03
10-Q 2017-05-09 Quarter: 2017-03-31
10-K 2017-02-23 Annual: 2016-12-31
10-Q 2016-11-08 Quarter: 2016-09-30
10-Q 2016-08-09 Quarter: 2016-06-30
10-Q 2016-05-10 Quarter: 2016-03-31
10-K 2016-02-25 Annual: 2015-12-31
10-Q 2015-11-05 Quarter: 2015-09-30
10-Q 2015-08-05 Quarter: 2015-06-30
10-Q 2015-05-07 Quarter: 2015-03-31
10-K 2015-02-26 Annual: 2014-12-31
10-Q 2014-11-05 Quarter: 2014-09-30
10-Q 2014-08-06 Quarter: 2014-06-30
10-Q 2014-05-07 Quarter: 2014-03-31
10-K 2014-02-27 Annual: 2013-12-31
10-Q 2013-11-07 Quarter: 2013-09-30
10-Q 2013-08-07 Quarter: 2013-06-30
10-Q 2013-05-08 Quarter: 2013-03-31
10-K 2013-03-01 Annual: 2012-12-31
10-Q 2012-11-08 Quarter: 2012-09-30
10-Q 2012-08-07 Quarter: 2012-06-30
10-Q 2012-05-08 Quarter: 2012-03-31
10-K 2012-02-28 Annual: 2011-12-31
10-Q 2011-11-09 Quarter: 2011-09-30
10-Q 2011-08-10 Quarter: 2011-06-30
10-Q 2011-05-13 Quarter: 2011-03-31
10-K 2011-03-10 Annual: 2010-12-31
10-Q 2010-11-10 Quarter: 2010-09-30
10-Q 2010-08-13 Quarter: 2010-06-30
8-K 2020-01-30 Earnings, Exhibits
8-K 2019-12-12 Regulation FD, Exhibits
8-K 2019-11-05 Earnings, Exhibits
8-K 2019-08-06 Earnings, Exhibits
8-K 2019-05-07 Earnings, Exhibits
8-K 2019-05-03 Officers, Shareholder Vote, Exhibits
8-K 2019-04-19 Enter Agreement
8-K 2019-02-28 Amend Bylaw, Exhibits
8-K 2019-02-26 Earnings, Exhibits
8-K 2018-11-20 M&A
8-K 2018-11-07 Enter Agreement, Regulation FD, Exhibits
8-K 2018-11-05 Earnings, Officers, Regulation FD, Exhibits
8-K 2018-10-19 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2018-08-06 Earnings, Exhibits
8-K 2018-05-14 Enter Agreement, Off-BS Arrangement, Regulation FD, Other Events, Exhibits
8-K 2018-05-07 Earnings, Exhibits
8-K 2018-04-30 Enter Agreement, Off-BS Arrangement, Officers, Shareholder Vote, Other Events, Exhibits
8-K 2018-04-30 Earnings, Regulation FD, Other Events, Exhibits
8-K 2018-03-22 Officers, Exhibits
8-K 2018-02-27 Enter Agreement, Earnings, Exhibits
8-K 2018-02-14 Enter Agreement, M&A, Sale of Shares, Exhibits
8-K 2018-01-28 Regulation FD, Exhibits

Oasis Petroleum Financials

OAS Metrics, Comps, Filings

Annual | Quarterly

Business

Oasis Petroleum Inc. (together with our consolidated subsidiaries, the "Company," "we," "us," or "our") was originally formed in 2007 and was incorporated pursuant to the laws of the State of Delaware in 2010. We are an independent exploration and production ("E&P") company focused on the acquisition and development of onshore, unconventional oil and natural gas resources in the United States. Oasis Petroleum North America LLC ("OPNA") and Oasis Petroleum Permian LLC ("OP Permian") conduct our exploration and production activities and own our proved and unproved oil and natural gas properties located in the North Dakota and Montana regions of the Williston Basin and the Texas region of the Delaware Basin, respectively. We operate a midstream services business through OMS Holdings LLC ("OMS"), through which we own a majority of the outstanding units of Oasis Midstream Partners LP (NYSE: OMP) ("OMP" or "Oasis Midstream"), which completed its initial public offering on September 25, 2017. We also operate a well services business through Oasis Well Services LLC ("OWS").

As of December 31, 2018, we have accumulated 413,552 net leasehold acres in the Williston Basin, of which approximately 97% is held by production. We are currently exploiting significant resource potential from the Bakken and Three Forks formations, which are present across a substantial portion of our acreage. We believe the location, size and concentration of our acreage create an opportunity for us to achieve cost, recovery and production efficiencies through the development of our project inventory. In addition, on February 14, 2018, we closed on an acquisition of approximately 22,000 net acres in the Delaware Basin, representing our initial entry into the Delaware Basin (the "Permian Basin Acquisition"). The Permian Basin Acquisition more than doubled our core net inventory and allows us to further capitalize on our operational strengths. As of December 31, 2018, we have accumulated 23,366 net leasehold acres in the Delaware Basin, of which approximately 67% is held by production. Our management team has a proven track record in identifying, acquiring and executing large, repeatable development drilling programs, which we refer to as "resource conversion" opportunities, and has substantial Williston Basin and Delaware Basin experience.

In 2018, we completed and placed on production 121 gross operated wells and had average daily production of 82,525 barrels of oil equivalent per day ("Boepd") in the Williston and Delaware Basins. As of December 31, 2018, we had 1,053 gross (784.6 net) operated producing horizontal wells in the Bakken and Three Forks formations in the Williston Basin and 31 gross (29.5 net) operated producing horizontal wells in the Delaware Basin. As of December 31, 2018, DeGolyer and MacNaughton, our independent reserve engineers, estimated our net proved reserves to be 280.1 million barrels of oil equivalent ("MMBoe") in the Williston Basin, of which 67% were classified as proved developed and 70% were oil, and net proved reserves to be 40.5 MMBoe in the Delaware Basin, of which 30% were classified as proved developed and 80% were oil.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
PDC Energy (PDCE) 2,282 0% 5.1 3% 4,595 2,216 1,879 0 124 686 3,478
Matador Resources (MTDR) 2,140 0% 3.6 5% 3,751 1,911 890 0 197 570 2,056
Centennial Resource Development (CDEV) 2,021 0% 19.4 2% 4,535 1,268 916 0 85 148 2,870
Tellurian (TELL) 1,882 71% -14.2 -33% 417 176 13 9 -139 -129 1,836
Magnolia Oil & Gas (MGY) 1,810 0% 3.7 3% 3,531 747 1,073 0 120 572 2,113
Oasis Petroleum (OAS) 1,745 0% 3.8 3% 7,710 3,844 2,251 0 236 1,208 4,621
Range Resources (RRC) 1,737 84% -7.0 -16% 9,728 5,546 3,580 3,009 -1,599 -799 5,558
Jagged Peak Energy (JAG) 1,734 0% 15.4 6% 1,914 1,013 432 0 107 152 2,349
Sundance Energy Australia (SNDE) 1,691 0% 802 409 0 0 0 0 1,691
Antero Resources (AR) 1,663 0% 2.2 6% 17,331 8,991 4,759 0 1,009 2,416 5,266
Whiting Petroleum (WLL) 1,662 0% 3.7 3% 7,776 3,575 1,856 0 251 1,214 4,539
Southwestern Energy (SWN) 1,654 0% 3.2 15% 6,545 3,463 3,783 0 1,010 1,189 3,841
ENSCO (ESV) 1,582 0% 10.6 2% 20,683 7,416 1,896 0 393 512 5,436
Chesapeake Utilities (CPK) 1,528 0% 12.9 4% 1,681 1,137 700 0 60 146 1,884
Wildhorse Resource Development (WRD) 1,458 0% 5.4 5% 3,255 1,516 1,044 0 147 483 2,634
Callon Petroleum (CPE) 1,456 0% 5.2 6% 3,915 1,432 643 0 230 487 2,545
CNX Resources (CNX) 1,411 0% 3.6 4% 9,147 4,047 1,716 0 377 1,088 3,874
QEP Resources (QEP) 1,407 0% -40.4 -13% 5,504 376 296 0 -690 -82 3,308
SM Energy (SM) 1,388 69% 8.1 1% 6,392 3,590 1,600 1,107 47 171 1,382
SRC Energy (SRCI) 1,218 98% 3.8 9% 2,785 1,087 732 718 249 314 1,190

Balance Sheet ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash443134581001722
Accounts Receivable521101761310204364388
Inventory4212121001933
PP&E1,0802,0074,0805,187006,1737,027
Assets1,4392,3544,6524,213-5,0274,9246,6157,626
Accounts Payable-212021001320
Long-Term Debt8111,2842,2002,20002,2972,0982,735
Liabilities8041,2361,2022,341-4542,0013,1023,707
Stockholders' Equity634795-3,4511,872-4,5732,9233,3763,735
Income Statement ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue2,322
Cost of Revenue
Gross Profit
R&D
SG&A613612402592121
Tax-12-301500-203-6
Net Income79153228507-70-243127-20
Cash Flow ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating-11-48776-610-604508996
Cash Investing-20-1,039-2,470000-715-1,614
Cash Financing354644-47280604212623