Dark Mode
Thursday, 03 April 2025
Logo
Oasis Petroleum will likely see additional consolidation in Bakken oilfield
3443

The Bakken oilfield will likely see additional consolidation as it develops, Oasis Petroleum CEO Daniel Brown said to investors on Tuesday, a day after his company declared its own acquisition of rival Diamondback Energy's Williston basin assets.


An executive said during a quarterly earnings call: "Oasis has decreased its well costs by 20%, aided by pricing concessions from oilfield service providers."


Source: Reuters

Caricature

BENEFIT AGM approves 10%...

ads

Newsletter

Subscribe to our mailing list to get the new updates!