Oasis has a track record of delivering growth in production and reserves within cash flow, which speaks to the longevity and the potential of the Oasis asset base. Core areas of operational focus include:
The Oasis team has managed early-stage resource opportunities in the past. Oasis is applying these expertise and investing in the infrastructure needed to drive down per-unit costs and increase efficiencies at every stage of the process from drilling and completing new wells to producing existing ones.
Oasis is continuously evaluating what works best to maximize recoveries and returns in the most efficient way while adopting proven technologies and techniques for building long-term value.
The strategic focus at Oasis is on strengthening and building on the core Williston and Delaware Basin leaseholds, which are the foundation of the growth plan.
We are currently focused on exploiting what we have identified as significant resource potential from the Bakken and Three Forks formations, which are present across a substantial majority of our acreage. These formations are the largest continuous oil accumulation ever assessed by it in the contiguous United States. We believe the location, size and concentration of our acreage creates an opportunity for us to achieve cost, recovery and production efficiencies through the large-scale development of our project inventory.
The Delaware Basin contains multiple Permian-aged zones that have potential for oil and gas development. Our recent entry into the Permian Basin through the acquisition of approximately 23,000 has more than doubled our core net inventory and allows us to further capitalize on our operational strengths. We are currently focused on the oil-rich Bone Springs and Wolfcamp formations. This significant inventory of oil and liquids-rich drilling opportunities with multi-zone development provide us a platform for future growth.
We are committed to being conscious stewards of the land we operate on.
Oasis is a company formed upon a platform of values. Join us