Company Quick10K Filing
Oasis Petroleum
10-K 2019-12-31 Filed 2020-02-27
10-Q 2019-09-30 Filed 2019-11-06
10-Q 2019-06-30 Filed 2019-08-09
10-Q 2019-03-31 Filed 2019-05-08
10-K 2018-12-31 Filed 2019-03-01
10-Q 2018-09-30 Filed 2018-11-06
10-Q 2018-06-30 Filed 2018-08-07
10-Q 2018-03-31 Filed 2018-05-08
10-K 2017-12-31 Filed 2018-02-28
10-Q 2017-09-30 Filed 2017-11-09
10-Q 2017-08-03 Filed 2017-08-03
10-Q 2017-03-31 Filed 2017-05-09
10-K 2016-12-31 Filed 2017-02-23
10-Q 2016-09-30 Filed 2016-11-08
10-Q 2016-06-30 Filed 2016-08-09
10-Q 2016-03-31 Filed 2016-05-10
10-K 2015-12-31 Filed 2016-02-25
10-Q 2015-09-30 Filed 2015-11-05
10-Q 2015-06-30 Filed 2015-08-05
10-Q 2015-03-31 Filed 2015-05-07
10-K 2014-12-31 Filed 2015-02-26
10-Q 2014-09-30 Filed 2014-11-05
10-Q 2014-06-30 Filed 2014-08-06
10-Q 2014-03-31 Filed 2014-05-07
10-K 2013-12-31 Filed 2014-02-27
10-Q 2013-09-30 Filed 2013-11-07
10-Q 2013-06-30 Filed 2013-08-07
10-Q 2013-03-31 Filed 2013-05-08
10-K 2012-12-31 Filed 2013-03-01
10-Q 2012-09-30 Filed 2012-11-08
10-Q 2012-06-30 Filed 2012-08-07
10-Q 2012-03-31 Filed 2012-05-08
10-K 2011-12-31 Filed 2012-02-28
10-Q 2011-09-30 Filed 2011-11-09
10-Q 2011-06-30 Filed 2011-08-10
10-Q 2011-03-31 Filed 2011-05-13
10-K 2010-12-31 Filed 2011-03-10
10-Q 2010-09-30 Filed 2010-11-10
10-Q 2010-06-30 Filed 2010-08-13
8-K 2020-05-11 Earnings, Exhibits
8-K 2020-04-24 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2020-04-22 Officers, Shareholder Vote, Exhibits
8-K 2020-02-25 Earnings, Exhibits
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 Earnings, Regulation FD, Other Events, Exhibits
8-K 2018-04-30 Enter Agreement, Off-BS Arrangement, Officers, Shareholder Vote, 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

Quarterly | Annual

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, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Comstock Resources (CRK) 1,473 0% 9.8 2% 4,552 3,107 633 0 92 402 3,928
Wildhorse Resource Development (WRD) 1,458 0% 8.1 5% 3,255 1,516 1,044 0 147 324 2,634
Centennial Resource Development (CDEV) 1,267 0% 43.6 0% 4,646 1,392 688 0 7 52 2,253
SM Energy (SM) 1,168 67% 68.9 -1% 6,453 3,609 1,138 765 -85 17 1,165
Oasis Petroleum (OAS) 1,157 0% 4.4 3% 7,667 3,767 2,188 0 200 901 3,936
Par Pacific Holdings (PARR) 1,146 0% 12.4 1% 2,653 2,073 4,881 0 19 137 1,703
Range Resources (RRC) 1,116 84% -3.8 -19% 8,854 4,696 3,356 2,821 -1,675 -1,128 4,277
Southwestern Energy (SWN) 1,103 0% 3.1 16% 6,598 3,463 3,468 0 1,088 1,091 3,366
SRC Energy (SRCI) 1,096 70% 3.6 8% 2,868 1,136 676 473 216 285 1,026
Rowan Companies (RDC) 1,093 0% 30.8 -4% 8,118 3,083 645 0 -333 84 2,577
QEP Resources (QEP) 1,037 0% -9.1 -11% 5,571 335 604 0 -616 -325 2,945
Antero Resources (AR) 1,037 0% 4.6 1% 16,120 8,674 4,579 0 208 1,037 4,741
Callon Petroleum (CPE) 1,017 0% 4.8 6% 4,017 1,548 637 0 248 463 2,206
Pacific Drilling (PACD) 975 0% 149.2 -1% 2,748 1,129 28 0 -27 11 1,626
Seadrill (SDRL) 948 0% 10,848 7,775 0 0 0 0 6,031
Talos Energy (TALO) 911 0% 2.2 14% 2,612 1,537 953 0 365 687 1,532
Berry Petroleum (BRY) 839 0% 7.3 3% 1,766 768 506 0 51 172 1,249
Geopark (GPRK) 832 0% 863 720 0 0 0 0 832
Carrizo Oil & Gas (CRZO) 827 0% 3.7 17% 3,690 2,164 1,028 0 627 695 2,580
Diamond Offshore Drilling (DO) 803 0% -8.3 -6% 5,871 2,566 937 0 -362 -308 2,569

Balance Sheet ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-08-032017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash3001644712932392802131661621259256276746101412101961411141181718171722152019
Accounts Receivable29415278791051101321311551762032171921311131351029693109103204226218285364371378428388457396382
Inventory134102021212516182120182521221813111199111418171923233133363037
PP&E6638491,0801,3391,5491,8042,0072,1772,3062,6134,0804,2984,5494,8755,1875,3295,3575,3085,2185,1775,1875,1535,9205,8965,9316,0366,1737,1876,7576,9007,0277,0577,1697,090
Assets1,1811,3141,7271,8132,0362,4812,5292,6472,7584,0834,7124,7925,0375,5045,9996,0315,9135,9205,8965,7105,6345,7456,2066,2226,2626,3916,6157,6397,4657,4167,6267,6467,7107,667
Accounts Payable4144123131122431399253240219102010101085912161316301720101518
Long-Term Debt4004008118238061,2761,2841,3101,2392,3602,5362,2602,3002,5502,7002,3652,3552,3802,3032,2022,1272,1262,2972,3062,3602,3412,0982,6972,7572,6332,7352,7912,8972,799
Liabilities6026681,0931,1621,3071,7311,7341,7981,8393,1083,3633,2723,4733,7674,0663,5933,5073,4163,3303,1163,0753,0113,2553,2363,2843,3333,1023,7533,8913,7723,7073,8353,8443,767
Stockholders' Equity5796479591,1411,3131,5631,8071,8971,9902,0833,4513,6213,6753,8274,0322,3242,2772,3094,5734,5414,4744,4784,4514,5042,9782,9433,3763,7493,4363,5063,7353,6253,6773,705
Income Statement ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-08-032017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue117501546600576529483
Cost of Revenue
Gross Profit
R&D
SG&A7710121414371428172824282424232222252422232424242322282835343153
Tax2039-8165120554049433211891931066-93720-100-32312-19-2031-10125-412-17
Net Income3366-132686334366837054197154148177133450437-72-1-554917-411284-31666227-1085130
Cash Flow ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-08-032017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating3836751091101591991871791612652781871999613450791101373210510811089209228304230175214251
Cash Investing-174-12020265-126-926-218-188-1,355-68435-347-395-3700-124-76-290-85-97-8590-154-184-272-813-344-97-224-304-143
Cash Financing-0391156-1393-64623-31,1404892340248150127-624-53155-6572752842927158540-1334294-109