Oasis Petroleum Inc. Announces Quarter and Year Ending December 31, 2021 Earnings

About this update from Chord Energy Corporation

[{"type":"text","content":"HOUSTON, Feb. 23, 2022 /PRNewswire/ -- Oasis Petroleum Inc. (NASDAQ: OAS) (\"Oasis\" or the \"Company\") today announced financial and operating results for the quarter and year ending December 31, 2021. Fourth quarter and year end results are consistent with the update released on February 9, 2022. \n4Q21 Operational and Financial Highlights:\nProduced 68.8 MBoepd in 4Q21 with oil volumes of 44.4 MBopd; E&P CapEx was $45.3MM in 4Q21 and $168.2MM in FY21; Net cash provided by operating activities was $269.4MM, net income was $225.9MM and net income from continuing operations was $188.2MM; Adjusted EBITDA from continuing operations(1) was $200.8MM and Adjusted Free Cash Flow(1) was $148.5MM; Received distribution of $19.0MM from OMP on November 29th ; Pro forma net debt was $67.9MM as of December 31, 2021, including $160.0MM of cash received for the OMP merger with Crestwood, which closed on February 1, 2022. No amounts were drawn under the revolving credit facility ($900MM borrowing base; $450MM of elected commitments); Increased base dividend 17% to $0.585/share ($2.34/share annualized) on February 9, 2022. The base dividend will be paid on March 4, 2022 to shareholders of record as of February 21, 2022; Completed $100MM share repurchase program.(1) Non-GAAP financial measure. See \"Non-GAAP Financial Measures\" below for a reconciliation to the most directly comparable financial measures under United States generally accepted accounting principles (\"GAAP\").\nThe following table presents select operational and financial data for the fourth quarter and year end 2021. Metrics reflect the Company's continuing operations and exclude amounts reported as discontinued operations due to the OMP merger. This presentation is consistent with the E&P-only metrics historically reported and is also consistent with disclosures in the Company's investor presentation, which can be found on the Company's website (www.oasispetroleum.com).\nMetric\nFY21 Actual\n4Q21 Actual\n4Q21 Preliminary \nProduction (MBoe/d)\n58.0\n68.8\n68.8\nProduction (Mbbl/d)\n37.0\n44.4\n44.4\nDifferential to NYMEX WTI ($ per Bbl)\n$0.70\n$0.24\n$0.23-$0.33\nAdjusted natural gas realization ($ over NYMEX)(1)\n$1.41\n$2.45\n$2.40-$2.50\nLOE ($ per Boe)\n$9.63\n$9.10\n$9.05-$9.15\nE&P GPT ($ per Boe)(1)\n$3.83\n$3.40\n$3.35-$3.45\nCash G&A ($MM)(1)(2)\n$46.2\n$10.3\n$10.2...

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