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BS - Oasis’ Williston position fueling company-wide growth - April 2019
While Oasis Petroleum has expanded its portfolio outside of the Williston Basin by adding Permian assets, the Williston is still the company’s focus. For 2019, Oasis has allocated 75% of its $540-560 million capex to the basin; the overall budget is down 40% YOY so that the company will be free cash flow positive at $50 WTI. Oasis plans to complete 70 wells in the Williston this year, with working interests averaging 65%. During 2018, Oasis increased its guidance......
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