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A&D - Oasis built Delaware position & trimmed non-core in 2019 - February 2020
Oasis Petroleum announced Jan. 30 that it acquired 1,800 net acres in the Delaware Basin last year for $20-22 million. Assuming no lease expiry during 2019, that would increase the company’s Delaware position to nearly 25,200 net acres. At YE18, Oasis’ acreage in the basin was ~67% HBP. It said the new acreage was highly complementary to its existing assets, which lie in Loving, Winkler and Ward counties, Texas. On the sell side, Oasis......
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