Top-News
Mittwoch,
03.11.2021 17:23
von
PR Newswire
Oasis Petroleum Inc. Reports Third Quarter 2021 Results, Reiterates 2021 Outlook
Ein Zug, der Petroleum transportiert. (Symbolbild)
© madsci / iStock / Getty Images Plus / Getty Images
http://www.gettyimages.de/
PR Newswire
HOUSTON, Nov. 3, 2021
HOUSTON, Nov. 3, 2021 /PRNewswire/ -- Oasis Petroleum Inc. (NASDAQ: OAS) ("Oasis" or the "Company") today announced financial and operating results for the third quarter of 2021. Third quarter results are consistent with the update released on October 26, 2021.
3Q21 Operational and Financial Highlights:
- Produced 51.8 MBoepd in 3Q21 with oil volumes of 31.9 MBopd;
- E&P CapEx was $42MM, greater than 20% below guidance. Oasis reduced its FY21 CapEx guidance on October 26th by 9%, which followed the 7% reduction in August;
- Net cash provided by operating activities was $294MM and net income was $83MM;
- Adjusted EBITDA to Oasis(1) was $116MM and E&P Free Cash Flow(1) was $65MM;
- As of 9/30/2021, pro forma for the Williston Basin Acquisition, Oasis had approximately $92MM of net debt, including approximately $308MM of cash, $400MM of long-term debt and no amounts drawn on its $900MM borrowing base ($450MM of elected commitments);
- Oasis expects to receive an additional $160MM of cash upon closing of the previously announced merger between Oasis Midstream Partners (NASDAQ: OMP) and Crestwood Equity Partners (NYSE: CEQP);
- Oasis increased its fixed dividend 33% to $0.50/share ($2.00/share annualized) on October 26, 2021;
- Continued focus on ESG and sustainability with Oasis publishing its inaugural sustainability report in 3Q21 as well as an ESG-focused investor presentation. Both can be found on the Company's website at www.oasispetroleum.com;
- OMP announced a 3Q21 distribution of $0.56/unit on October 26, 2021;
- Completed acquisition of 95,000 net acres in the Williston Basin from Diamondback Energy on October 21, 2021 (the "Williston Basin Acquisition") with a final payment of approximately $511MM. The aggregate purchase price of $745MM was adjusted downward for a $75MM deposit paid in 2Q21 as well as free cash flow generated from the effective date of April 1, 2021 to the closing date of October 21, 2021.
| (1) Non-GAAP financial measure. See "Non-GAAP Financial Measures" below for a reconciliation to the most directly comparable financial measures under United States generally accepted accounting principles ("GAAP"). |
The following table presents select E&P operational and financial data for the third quarter of 2021. E&P metrics are consistent with disclosures in the Company's investor presentation, which can be found on the Company's website (www.oasispetroleum.com), and includes further reconciliation to consolidated numbers.
| E&P Metric | | 3Q21 Actual ARIVA.DE Börsen-GeflüsterKurse
| |||
| Production (MBoe/d) | | 51.8 | |||
| Production (Mbbl/d) | | 31.9 | |||
| Differential to NYMEX WTI ($ per Bbl) | | $0.43 | |||
| Natural gas realization ($ over NYMEX)(1) | | $1.48 | |||
| E&P LOE ($ per Boe) | | $9.42 | |||
| E&P GPT ($ per Boe)(1) | | $3.95 | |||
| E&P Cash G&A ($MM)(1)(2) | | $10.5 | |||
| Production taxes (as a % of oil and gas revenues) | | 6.5% | |||
| E&P & Other CapEx(3) | | $42.0 | |||
| Cash Interest ($MM)(1) | | $6.9 | |||
| Cash taxes ($MM) | | $— |
| ___________________ | |
| (1) | Non-GAAP financial measure. See "Non-GAAP Financial Measures" below for a reconciliation to the most directly comparable financial measures under GAAP. |
| (2) | E&P Cash G&A would have been $8.2MM after adjusting for non-recurring items related to the Williston Basin Acquisition, the Crestwood transaction, and restructuring consulting expenses. |
| (3) | Includes administrative capital and excludes capitalized interest. |
Select Operational and Financial Data
The following table presents select operational and financial data for the periods presented:
| | 3Q21 | | 2Q21 | | 3Q20 | ||||||
| Production data: | | | | | | ||||||
| Crude oil (Bopd) | 31,896 | | | 34,668 | | | 43,748 | | |||
| Natural gas (Mcfpd) | 119,448 | | | 117,617 | | | 130,981 | | |||
| Total production (Boepd) | 51,804 | | | 54,271 | | | 65,578 | | |||
| Percent crude oil | 61.6 | % | | 63.9 | % | | 66.7 | % | |||
| Average sales prices: | | | | | | ||||||
| Crude oil, without derivative settlements ($ per Bbl) | $ | 70.12 | | | $ | 65.52 | | | $ | 38.52 | |
| Differential to NYMEX WTI ($ per Bbl) | 0.43 | | | 0.61 | | | 2.44 | | |||
| Crude oil, with derivative settlements ($ per Bbl) | 43.81 | | | 47.77 | | | 49.16 | | |||
| Crude oil derivative settlements - net cash receipts (payments) ($MM) | (77.2) | | | (56.0) | | | 42.8 | | |||
| Natural gas, without derivative settlements ($ per Mcf)(1) | 6.91 | | | 4.53 | | | 2.04 | | |||
| Natural gas, with derivative settlements ($ per Mcf)(1) | 6.52 | | | 4.53 | | | 2.04 | | |||
| Natural gas derivative settlements - net cash payments ($MM) | (4.3) | | | — | | | — | | |||
| Selected financial data ($MM): | | | | | | ||||||
| Revenues: | | | | | | ||||||
| Crude oil revenues | $ | 205.7 Werbung Mehr Nachrichten zur Oasis Petroleum Aktie kostenlos abonnieren
E-Mail-Adresse
Bitte überprüfe deine die E-Mail-Adresse.
Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1  Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News | |||||||||
