Oasis Petroleum Inc (NASDAQ:OAS)
The 7 analysts offering 12-month price forecasts for Oasis Petroleum Inc have a median target of 115.00, with a high estimate of 158.00 and a low estimate of 94.00. The median estimate represents a +24.31% increase from the last price of 92.51.
Who is selling oasis stock?
Online fashion retailer Boohoo has agreed to buy the online businesses of Oasis and Warehouse for £5.25m. Boohoo made the announcement as it said online sales rose by 45% in the three months to May, partly boosted by demand for athleisure items during lockdown. Manchester-based Boohoo also owns PLT and Nasty Gal.
Did Oasis Petroleum do a reverse stock split?
Oasis Petroleum (OAS) has 0 splits in our Oasis Petroleum stock split history database.
Is Oasis Petroleum in trouble?
Oasis Petroleum (NASDAQ:OAS) is voluntarily entering chapter 11 bankruptcy protection as it looks to reduce its debt. Here’s what investors in OAS stock need to know about the Oasis Petroleum bankruptcy. The company notes that it is entering bankruptcy in hopes of reducing its total debt by $1.8 billion.
Does Oasis Petroleum pay dividends?
Historical dividend payout and yield for Oasis Petroleum (OAS) since 2023. The current TTM dividend payout for Oasis Petroleum (OAS) as of October 04, 2021 is $1.50. The current dividend yield for Oasis Petroleum as of October 04, 2021 is 1.50%. Oasis Petroleum Inc. is an exploration and production company.
Who bought Oasis Petroleum?
Percussion Petroleum acquired Oasis Petroleum’s remaining upstream assets in the Texas region of the Permian Basin for cash consideration of up to $375 million, a company filing says.
Who bought Oasis Permian assets?
What now? The move came about a month after Oasis acquired assets in the Williston Basin in northern North Dakota from Diamondback Energy for about $745 million, adding 27,000 barrels of oil equivalent of production per day for the first quarter of 2021 and 95,000 acres.
Where is the Williston Basin?
Williston Basin, large sedimentary basin along the eastern edge of the Rocky Mountains in western North Dakota, eastern Montana, and southern Saskatchewan, Can.
How much debt does Oasis Petroleum have?
According to the Oasis Petroleum’s most recent balance sheet as reported on November 5, 2020, total debt is at $1.02 billion, with $487.50 million in long-term debt and $529.60 million in current debt. Adjusting for $84.27 million in cash-equivalents, the company has a net debt of $932.83 million.
What does Oasis Petroleum do?
Oasis Petroleum is a company engaged in hydrocarbon exploration and hydraulic fracturing in the Williston Basin as well as in the Delaware Basin of the Permian Basin in West Texas. It is organized in Delaware and headquartered in Houston, Texas, with an office in Williston, North Dakota.
What happened to Oaspq?
On November 13, 2020, the United States Bankruptcy Court for the Southern District of Texas Houston Division confirmed the Joint Prepackaged Chapter 11 Plan of Reorganization (“Plan”) of Oasis Petroleum Inc. … The Plan become effective on November 19, 2020, and all existing OASPQ shares were canceled.
Why did OAS change to Oaspq?
The Options Clearing Corporation (OCC) has been informed that Oasis Petroleum Inc. (OAS) will change its trading symbol to OASPQ, effective October 12, 2020, due to the listing of the company on an OTC market. As a result, option symbol OAS will change to OASPQ effective at the opening of business on October 12, 2020.
How deep is the Williston basin?
The Williston basin covers parts of Montana, North Dakota, South Dakota, and Canada. It is a large intracratonic basin where sedimentation occurred throughout much of the Phanerozoic period and is 15,128 ft thick at its deepest known point according to a well located in McKenzie County in Western North Dakota.
How much oil is in the Williston basin?
Using a geology-based assessment methodology, the U.S. Geological Survey estimated undiscovered, technically recoverable mean oil and gas resources of 134 million barrels of oil and 81 billion cubic feet of gas in upper Paleozoic strata of the Williston Basin Province in North Dakota, Montana, and South Dakota.
How big is the Williston basin?
The southern Williston basin, which underlies about 110,000 square miles #n North Dakota, South Dakota, and eastern Montana, is part of a large structural and sedimentary basin. Its surface is a flat to gently rolling plain, standing about 1,500 to 3,500 feet above sea level and locally studded by a few high buttes.
How much oil is in the Bakken?
The USGS estimates that there may be 4.4 to 11.4 billion barrels of undiscovered, technically recoverable oil in the Bakken Formation (with a mean estimate of 7.4 billion barrels).
What oil basin is in Oklahoma?
The Anadarko Basin is a geologic depositional and structural basin centered in the western part of the state of Oklahoma and the Texas Panhandle, and extending into southwestern Kansas and southeastern Colorado. The basin covers an area of 50,000 square miles (130,000 km2).
How did the Williston Basin formed?
The Williston Basin lies above an ancient Precambrian geologic basement feature, the Trans-Hudson Orogenic Belt that developed in this area about 1.8-1.9 billion years ago, and that created a weak zone that later led to sagging to produce the basin.
Why is it called the Bakken oil field?
It is named after Henry Bakken, a farmer in Tioga, North Dakota, who owned the land where the formation was initially discovered while drilling for oil. … The application of hydraulic fracturing and horizontal drilling technologies has caused a boom in Bakken oil production since 2000.
Is Bakken still booming?
(Bloomberg) –North Dakota, once at the heart of the early shale boom, is now expecting oil production growth to stall over the next two years as explorers reel from a historic market crash and seek to adapt to higher environmental standards.
Will shale oil rise again?
If oil demand comes roaring back, we could face a supply crunch after 2021 due to weak upstream investment. Shale producers would be the top beneficiaries of such a scenario. … Both IEA and OPEC anticipate global producers will need to add up to 30 million barrels of oil equivalent to keep up with demand by 2022.