Oasis Petroleum Provides 2015 Total Capital Expenditure Range

(RTTNews) - Oasis Petroleum Inc. (OAS) said it expects total capital expenditure of $750 million to $850 million in 2015. Year over year production growth is anticipated to be 5% to 10% in 2015.

Oasis continues to anticipate producing between 47,000 to 49,000 barrels of oil equivalent per day in the fourth quarter of 2014, which will result in aggregate year over year growth of approximately 35%.

"Oasis has a premier position in the heart of the Williston Basin with a highly economic inventory across the play," said Thomas Nusz, Oasis' Chairman and Chief Executive Officer."We plan to focus our development program in Indian Hills during 2015 to capitalize on both existing infrastructure and the success that we have delivered with high intensity completions in this area.